BOLTON, MIAMI, ZURICH & NEW YORK – Bolton Global Capital, a leading independent wealth management firm, and iCapital1, the global fintech platform driving access to alternative investments for the wealth management industry, today announced a partnership to provide Bolton’s extensive network of financial advisors with a range of private market offerings and resources.
Bolton will launch a customized marketplace powered by iCapital’s technology and solutions to deliver private equity, private debt, and real estate investment offerings to advisors across Latin America as well as US advisers servicing US resident and non-resident LATAM clients. Unicorn Strategic Partners, a leading distribution partner to asset managers and a strategic partner to iCapital in the LATAM region, will support Bolton in their distribution efforts and will educate Bolton’s network of advisors on the asset class and funds available on Bolton’s marketplace.
“Financial advisors are increasingly looking for a broader array of investment options to meet clients’ growing appetite for private market offerings,” said Steve Preskenis, Bolton’s President. “Our partnership with iCapital provides advisors with streamlined access to a selective range of alternative investment solutions, while empowering them with the resources to make informed decisions about how this asset class can potentially benefit client portfolios.”
Bolton’s digital marketplace will automate the subscription process to improve the efficiency and client experience of alternative investing.
“There is increasing unmet demand from wealth managers and their clients in the region for private markets as value creation is increasingly taking place outside public markets while companies are still private,” said Marco Bizzozero, Head of International at iCapital. “We are delighted to further strengthen our presence domestically and in Latin America and to support the Bolton team in our shared mission to provide institutional-quality investment offerings to the US and LATAM wealth management communities.”
In addition, iCapital will offer research, due diligence, education, and investment product training to Bolton’s advisor network of more than 50 affiliated offices.
“A lack of education has prevented many advisors from using more alternative investments,” said Wes Sturdevant, Head of Client Solutions LATAM. “This partnership is emblematic of iCapital’s key value proposition because it helps advisors and their clients understand private market investments through education to produce successful outcomes.”
About Bolton Global Capital
Founded in 1985, Bolton Global is the premier independent broker-dealer serving international and domestic clients with their wealth management and investment needs. Bolton is a leader in providing access to US and global financial markets for Latin American Investors. For nearly 40 years, Bolton has provided innovative access and unparalleled service to wealth managers and their investors. Bolton supports over $12 billion in assets under administration as of December 31, 2022.
For more information, visit www.boltonglobal.com / LinkedIn: https://www.linkedin.com/company/bolton-global-capital
Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.
iCapital-managed platforms offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, hedge funds, structured investments, annuities, and risk-managed solutions. iCapital has been recognized on the Forbes Fintech 50 list each year from 2018 to 2022, the Forbes America’s Best Startup Employers in 2021, 2022, and 2023, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021, and 2022.
As of February 28, 2023, iCapital services over $153 billion in global client assets, of which $30 billion are from international investors (non-US Domestic) across more than 1,230 funds. Employing more than 1,090 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
For more information, visit www.icapital.com | Twitter: @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc
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1. Institutional Capital Network, Inc., and its affiliates (together, “iCapital”)
This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Institutional Capital Network, Inc. or its affiliates (together “iCapital”). Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. The information contained herein is subject to change and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and iCapital assumes no liability for the information provided.
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Products offered by iCapital are typically private placements that are sold only to qualified clients of iCapital through transactions that are exempt from registration under the Securities Act of 1933 pursuant to Rule 506(b) of Regulation D promulgated there under (“Private Placements”). An investment in any product issued pursuant to a Private Placement, such as the fund described, entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. Further, such investments are not subject to the same levels of regulatory scrutiny as publicly listed investments, and as a result, investors may have access to significantly less information than they can access with respect to publicly listed investments. Prospective investors should also note that investments in the products described involve long lock-ups and do not provide investors with liquidity.
Relationship Between iCapital and Underlying Fund GPs (defined as Underlying Fund GPs of products offered on the iCapital platform where iCapital is acting in an investment advisor capacity). iCapital is not a current client of, or investor in a private fund advised by, the Underlying Manager; however, iCapital sponsors and manages the Access Fund, which is or is expected to be an investor in the Underlying Fund, a private fund managed by the Underlying Manager. Prospective investors in the Access Fund should be aware that, as a result of the relationship between iCapital and Underlying Fund GPs and its affiliates created by the access fund arrangement discussed herein (1) iCapital is financially compensated for the arrangement by payment of certain management fees (which are calculated as described in “SUMMARY OF PRINCIPAL TERMS OF THE ACCESS FUND – Management Fee” or corollary section of the Access Fund Offering Memorandum) and, if applicable, certain fees for placement of investors in the Access Fund or the Underlying Fund (which are typically calculated as a percentage of an investor’s aggregate commitment to the relevant fund), and (2) the existence of such compensation may create conflicts of interest whereby, for example, iCapital may be more inclined (a) to establish access funds (including the Access Fund) (i) for investment in underlying funds (including the Underlying Fund) sponsored or managed by the Underlying Fund GPs and its affiliates, than for investment in investment funds sponsored or managed by other fund managers, and (ii) upon terms and conditions more favorable to the Underlying Fund GPs and its affiliates than iCapital would otherwise agree to in the absence of such compensation; (b) to make positive statements about the Underlying Fund GPs and its affiliates in order to encourage investors to make a larger commitment to the Access Fund, thereby increasing the fees paid to iCapital, or (c) to vote or exercise consent rights in respect of interests in underlying funds (including the Underlying Fund) held by access funds (including the Access Fund) in a manner more favorable to the Underlying Fund GPs and its affiliates than iCapital would otherwise vote or exercise in the absence of such compensation.
Securities and services may be offered through iCapital Securities, LLC, Axio Financial LLC, and/or SIMON Markets LLC, each of which is a registered broker/dealer, member FINRA and SIPC, and subsidiary of Institutional Capital Network, Inc. (“iCapital”). iCapital Advisors, LLC, a subsidiary of iCapital, is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. Additional information is available upon request.
Securities and services may be offered through Bolton Securities, Inc., or Bolton Global Capital, each of which is a registered broker/dealer, member FINRA and SIPC, or Bolton Global Asset Management, a federally registered investment adviser (“Bolton Global”). These registrations and memberships in no way imply that the SEC, FINRA or SIPC have endorsed the entities, products or services discussed herein. Additional information is available upon request.
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