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NEW YORK, NY —(NEWSWIRE)— iCapital Network, the financial technology platform setting the industry standard for access and efficiency in alternative investing, and Janney Montgomery Scott LLC, a leading full-service wealth management, capital markets, and asset management firm, today announced a partnership in which Janney will utilize the iCapital platform technology in a white-label solution to enhance the alternative investment capabilities on Janney’s platform.

Through the partnership, Janney’s Financial Advisors gain access to iCapital’s curated online menu of private equity and hedge fund offerings with the ability to seamlessly incorporate these investments into client portfolios. Within the fund menu, the iCapital Research and Due Diligence Team provides a high-quality array of diverse alternative investment offerings to help achieve desired client outcomes of growth, income, and portfolio diversification. iCapital will also offer educational and detailed product support to Janney’s Financial Advisors.

“This new partnership substantially enhances Janney’s alternative investment offering and provides our Financial Advisors with access to a diverse menu of industry leading hedge fund and private equity managers. The broadening of Janney’s alternatives platform will immediately strengthen our ability to deliver a more comprehensive set of solutions to our clients,” said Kevin Reed, Head of Wealth Management at Janney Montgomery Scott.

“We are thrilled to partner with such a significant presence in the broker-dealer marketplace and we look forward to helping Janney financial advisors augment the strength of their client portfolios with alternative investment opportunities,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “We are committed to providing the industry with the technological expertise and product insights necessary to support advisors in deepening their client relationships.”

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 September 30, 2019, iCapital services more than $42 billion in invested capital across more than 100,000 underlying accounts.

For additional information, please visit iCapital’s website at | LinkedIn: | Twitter: @icapitalnetwork

About Janney Montgomery Scott LLC
Janney provides advice to individual, corporate, and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the Financial Industry Regulatory Authority, New York Stock Exchange, and Securities Investor Protection Corporation. Additional company information is available at

Media Inquiries:

iCapital Network:
Morgan Miller
Cell 919-602-2806
[email protected]

Janney Montgomery Scott
Bradd DelMuto
Tel 215-665-6595
[email protected]


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 Network” or “iCapital”). Past performance is not indicative of future results. Alternative investments such as those described 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. 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. 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 Network is engaged, nor should it be construed as a current or past endorsement of iCapital Network by any of its clients. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of iCapital Network.

iCapital and iCapital Network are registered trademarks of Institutional Capital Network, Inc. All rights reserved.