iCapital brings alternative investment data into Claude for Financial Advisors

At iCapital, we are committed to supporting advisors by providing the mission-critical infrastructure and intelligence they need to serve clients more effectively and operate more efficiently.

We are excited to expand our partnership with Anthropic and bring a new Claude connector to the iCapital platform as part of Anthropic’ s Claude for Financial Advisors, enabling advisors to ask Claude about a client’s private fund holdings, valuations, transactions and performance, and see them alongside the rest of the portfolio.

Artificial intelligence is rapidly becoming an essential part of the advisor toolkit, but meaningful outcomes require more than powerful models. They require trusted data, connected workflows, and specialized investment intelligence.

Earlier this year, iCapital announced its work with Anthropic as part of a broader innovation strategy to layer Claude models on its platform to provide intelligence across the investment lifecycle and advance its vision of becoming an AI-native platform. That work combines advanced AI with the trusted infrastructure, data, and workflows advisors rely on every day to create more intelligent experiences across wealth management.

Today, we’re sharing an early example of that vision in action.

As part of Anthropic’s Claude for Financial Advisors ecosystem, iCapital has built a connector that securely brings alternative investment data into advisor workflows. By combining Claude’s reasoning with iCapital’s underlying investment data, advisors will be able to access authorized holdings, valuation, transaction, and performance information more efficiently to support client conversations, portfolio reviews, and investment research. This will help advisors identify more personalized strategies to support their clients’ investment goals and drive better outcomes.

This is the next step in iCapital and Anthropic’s work together by combining Claude’s reasoning and insights with the iCapital platform, iCapital is helping advisors navigate the growing complexity of private markets investments and deliver more informed, personalized client engagement.

The future of advisor technology is not just about accessing information. It’s about helping advisors turn investment data into timely insights and more meaningful client conversations. By bringing iCapital’s data into Claude, we’re helping advisors spend less time navigating systems and more time delivering advice.

Specialized investments, like alternatives, are a natural fit for support from AI because the information advisors need is often spread across reports, statements, and operational systems. The connector brings that information to Claude while maintaining the governance, permissions, and data integrity firms require. As the system of record for that investment data, iCapital enables firms to adopt AI while retaining its oversight

The opportunity is significant. According to Deloitte, advisors spend nearly 70% of their time on behind-the-scenes work, and only 30% with clients. Deloitte estimates that AI-driven efficiencies could eventually free up to 50% of that time for portfolio construction, client engagement, and personalized advice.

For advisors, that means less time gathering data and more time engaging clients. With holdings, valuation, transaction, and performance data in Claude, an advisor can simply ask a question and get an answer, instead of compiling it across several dashboards and reports. This allows them to focus on what matters most: advising clients.

The long-term opportunity extends well beyond information retrieval. We’re building toward tools that help advisors interact with complex alternative investment data through natural language while maintaining the controls and oversight firms require. Claude for Financial Advisors is an important step in showing how trusted investment data and AI can work together to help advisors deliver stronger client outcomes.