To keep clients tech-forward and competitive, Fidelity continuously seeks to complement its own technology with that of other industry leaders like iCapital, resulting in a best-in-class wealth management experience. Today, the collaboration with iCapital highlights both companies’ commitment to delivering seamless, advanced technology.
Fidelity serves the full spectrum of wealth managers (WMs), including broker-dealers (BDs), registered investment advisors (RIAs), and family offices. Their award-winning WealthscapeSM platform was designed to provide users with choice across both investment solutions and technology integrations. Firms working with Fidelity can fully outsource their tech stack, build their own solution, or take a modular approach combining Wealthscape’s core functions and industry-leading integrations.
For iCapital, collaborating with Fidelity emphasizes our dedication to driving industry-wide transparency and efficiency. Together, we integrate advanced technology solutions to enhance the wealth management experience and meet the diverse and evolving needs of Fidelity’s clients.
Strategic Integrations with iCapital Operating System
The collaboration between Fidelity and iCapital provides financial professionals with an expanded suite of investment offerings, solutions to meet the unique needs of more sophisticated investors, and opportunities to help improve investor outcomes.
The wealth management industry continues to evolve with more investment and technology solutions available for RIA and BD clients. This deep integration with iCapital is an example of our ability to meet client needs by expanding access to emerging asset classes such as alternative investments and structured investments, while also providing wealth managers with access to education and investment research.
– Gary Gallagher, Head of Wealth Advisory &
Portfolio Solutions at Fidelity
Access to ALTS at scale
Starting in 2015, Fidelity sought to empower wealth managers with access to alternative investment strategies, along with investment research and a streamlined operational workflow. Fidelity collaborated with iCapital to meet that need for RIA and BD clients. Today, the integration continues to be an important part of Fidelity’s offering. Focused on creating a comprehensive ecosystem for alternative investments as a fully integrated custodian within the iCapital Marketplace, while also allowing enterprise client firms the ability to create a customized client experience, iCapital delivers:
- Expanded Investment Capabilities: Wealth management firms have access to hundreds of alternative investment strategies, including those offered by Fidelity as well as other leading asset managers.
- Education and Research: Wealth managers, advisors, and investment professionals may leverage iCapital’s alternative investment education as well as investment research on many of the available funds.
- Digital Transaction Execution: iCapital’s order entry workflow incorporates Fidelity’s alternative investment documents into a digital signing experience, eliminating manual subscription document completion for investors.
- Straight-through-processing: Through secure API integrations, clients benefit from automated delivery of documents and trade details from iCapital to Wealthscape, eliminating the need to route subscriptions to Fidelity.
As an investment manager, Fidelity has collaborated with iCapital to expand its distribution capabilities, offering several alternative investment strategies including private credit, real assets, and private equity programs through the iCapital Marketplace and a white-labeled site. As an asset manager, collaborating with iCapital has been critical to expanding access to Fidelity’s platform of alternative investment capabilities, enabling financial professionals to research new opportunities and seamlessly transact.
A turn-key, integrated platform for fixed income and structured investments
In addition to Wealthscape, Fidelity developed Bond Beacon® to enable an all-digital fixed income trading experience with enhanced portfolio management tools and institutional-grade liquidity. As part of Fidelity’s objective to increase wealth manager access to a broader suite of investment vehicles, Fidelity also integrated iCapital’s structured investment solutions into Bond Beacon.
Bond Beacon provides:
A Simple Way to Navigate and Manage Fixed Income Needs
- Access to more offerings and market depth
- Integrated client holdings to help advisors stay on top of their entire book of business
- Seamless workflows including portfolio construction, execution, pre- and post-trade monitoring, and client reporting
- Scenario-based, risk-sensitive analytics, informed by Fidelity research
A Turn-key Management System for Structured Investments
- Single sign-on from Fidelity to iCapital allows firms to gain access to the platform without having to build a standalone integration
- Access to on-demand education on structured investments to better understand the basics, popular product types, and where they may benefit an investment portfolio
- View, filter and analyze current offerings across all issuers available through Fidelity
- Execute structured investment orders via straight-through processing with Bond Beacon
- Proactively manage and analyze the wealth manager’s structured investment book of business in one place
iCapital’s integration has empowered Fidelity RIA and Broker-Dealer clients with a comprehensive picture of their structured investment business by placing powerful pre-sale, point-of-sale, and post-sale resources directly into their workflow via iCapital’s industry-leading digital platform.
– Jillian Altamura, Managing Director,
Head of Partnerships Enterprise Relationship Management at iCapital
Delivering Best-in-Class Client Experience
Similar to the Wealthscape platform, iCapital solutions also provide clients with choice. With iCapital, clients can customize their experience whether they want to use an out-of-the-box offering or create their own enterprise solution. The deep integrations between iCapital technology and Wealthscape make this flexibility possible, while still maintaining our overall objective: providing clients access to alts at scale.
Driving Growth and Success
Today, the unified platform, combined with new trading enhancements and analytics, has resulted in greater adoption of the platform as advisors seek to more efficiently construct their clients’ portfolios. As a result, Fidelity saw a significant increase in financial professional users on the platform month-over-month, along with an increase in business targets for each asset class since the integration. Inception to date with Fidelity, total custodian structured investment volumes exceed $7.9bn across numerous RIAs, and total alternative investment subscriptions exceed $25.8bn across 490 funds.1
Together, iCapital and Fidelity are committed to driving innovation, expanding access to a growing suite of investments, and delivering cutting-edge tech solutions that elevate the wealth management experience for all.
To Learn More About How iCapital Can Transform Your Client’s Experience
Powering the Global Alternatives Marketplace
The world’s premier asset management firms, banks and wirehouses accelerate their alternative distribution efforts with iCapital’s digital technology.
Powering Financial Advisors’ Access to Alternatives
Many of the industry’s top fund managers rely on iCapital’s distribution to scale their fundraising on our Flagship Platform.
Powering Wealth Management’s Growth
Leveraging iCapital’s technology platform helps top wealth managers deliver high-quality alternatives investment opportunities to their clients with efficiency and ease.
Explore more of iCapital’s technology solutions
Model Portfolios
Offering diversified collections of investments designed to meet specific financial goals
Document Center 
Document Center
A user-friendly single-source destination for client and investment related documents
Investment Dashboard 
Investment Dashboard
Elevating the Standard in Performance Reporting for Alternative Investments
1. Investments placed through the unified platform through December 2024.
The iCapital Marketplace includes structured products in which National Financial Services, LLC (“NFS”) and Fidelity Brokerage Services, LLC (“FBS”) act as a member of the selling group. As such, NFS and FBS will receive a concession fee for initial purchases in these securities. In certain circumstances NFS will also earn additional compensation from iCapital for structured products purchased by you on the iCapital website.
Access to iCapital may be subject to limitations or modifications imposed by iCapital from time to time. Fidelity may terminate use of iCapital upon notice.
Fidelity Bond Beacon® is made available to intermediary clients of Fidelity Investments® on a non-discretionary basis through Fidelity Capital Markets, a division of National Financial Services LLC, Member NYSE, SIPC (“NFS”).
Fidelity Investments is an independent company, unaffiliated with iCapital.There is no form of legal partnership, agency affiliation, or similar relationship between iCapital and Fidelity Investments, nor is such a relationship created or implied by the information herein. Fidelity Investments has not been involved with the preparation of the content supplied by iCapital and does not guarantee, or assume any responsibility for, its content. Fidelity Investments is a registered trademark of FMR LLC. Fidelity Investments® provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. | 1193203.1.0
This material has been provided to you for informational purposes only by iCapital, Inc. and/or one of its affiliates including Institutional Capital Network, Inc. (collectively, “iCapital”). This material is the property of iCapital and may not be shared without its written permission. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital. This is not intended as, and may not be relied on in any manner as, legal, tax or investment advice, a recommendation to employ a specific investment strategy, or as an offer to sell, a solicitation of an offer to purchase, or a recommendation of any interest in any fund or security. Security products and services are offered through iCapital Markets LLC, a registered broker/dealer, member FINRA and SIPC. Financial products made available by iCapital Markets LLC may be complex and/or speculative and are not suitable for all investors.
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