NEW YORK – (NEWSWIRE) – iCapital Network, the financial technology platform setting the industry standard for access and efficiency in alternative investing, today announced that the firm has once again been honored at the WealthManagement.com Industry Awards as the leading alternative investment platform technology provider. iCapital also won the award in 2018.
The WealthManagement.com Industry Awards recognize the best business initiatives helping financial advisors build better practices and more effectively serve their clients. The Technology Providers: Alternative Investment Platforms category honors a new or enhanced initiative that innovatively facilitates the trading, research, processing, reporting and tracking of alternative investments. iCapital won for its Document Workflow Solution, which transforms the alternative investment subscription process by providing advisors with an intuitive, fully-digitized, real-time view into a client’s private fund investments.
“We’re delighted that we have been recognized by the industry for our continued efforts to provide financial advisors with the highest quality technology solutions,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “As demand for alternative investing opportunities continues to increase, this award attests to the power of technology to help advisors and their high-net-worth clients gain access to the opportunities of the private market and hedge funds.”
WealthManagement.com received a record number of nominations this year, selecting 61 winning businesses from more than 650 entries from 262 companies. The winners, including iCapital, were selected by a panel of fourteen distinguished judges in the industry, and were announced at an award ceremony held Thursday, September 12 in New York City.
iCapital’s alternative investment platform offers advisors and their clients an end-to-end technology solution that fully automates the unique subscription, administration, and reporting processes of alternative investments. Additionally, the firm’s ‘white label’ offering allows asset managers and banks to leverage iCapital’s tech-enabled services to streamline and scale their private investments operational infrastructure and access the multi-trillion-dollar retail marketplace.
A consortium of industry leaders aligned with iCapital’s mission of developing the industry standard technology solution for alternative investing. BlackRock, Blackstone, Carlyle, JP Morgan Asset Management, UBS and Morgan Stanley are strategic investors, and all utilize iCapital’s proprietary technology to help manage operations and administration of their own private fund vehicles for the retail wealth management community.
About The WealthManagement.com Awards
In their fifth year, the WealthManagement.com Industry Awards are presented annually by WealthManagement.com, a financial advisory industry publication from Informa. Companies and organizations are invited to complete a nomination application describing an initiative within several available categories that supports advisor success. WealthManagement.com also invites nominees to provide supplemental information to support their nomination in the form of third party testimonials and/or confidential growth, user or performance metrics. A panel of industry experts selects the finalists and winners based on qualitative and quantitative performance indicators. Nomination or receipt of a WealthManagement.com Industry Award is not necessarily indicative of any particular client’s experience or a guarantee that the firm will perform in the future as it did during the period evaluated by the Award judges.
About iCapital Network
iCapital Network’s mission is to power the world’s alternative investment marketplace. Its financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Asset managers and banks leverage iCapital’s tech-enabled services to streamline and scale their private investments operational infrastructure. iCapital was recognized in the 2018 and 2019 Forbes FinTech 50 which highlights the top 50 innovative financial technology companies that are transforming finance through technology. As of June 30, 2019, iCapital services more than $40 billion in invested capital across more than 100,000 underlying accounts.
For additional information, please visit iCapital’s website at icapital.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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Disclosures: 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 iCapital. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment 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. Inclusion in the Forbes FinTech 50 list makes no guarantee to future performance and may not be representative of a platform user’s experience. Awards, rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he or she will experience a certain level of results if iCapital is engaged, nor should it be construed as a current or past endorsement of iCapital by any of its clients. The information contained herein is subject to change. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. (d/b/a “iCapital Network” or “iCapital”). iCapital is a registered trademark of Institutional Capital Network, Inc. All rights reserved.