iCapital adds alternative strategies from 300 asset managers amid SIMON acquisition

Rick Steves

iCapital will add SIMON’s structured investments, annuities, digital assets and risk-managed products offerings.

Alternative investing-focused fintech iCapital has completed the acquisition of SIMON Markets, thus broadening iCapital’s investment menu, technical capabilities, education offerings and support services for advisors and their clients.

SIMON Markets will help iCapital enhance its solution for the wealth management industry with on-demand education, an intuitive marketplace, real-time analytics, and lifecycle management of alternative investments.

The integrated platform will also include tools for compliance, alternative allocation analytics and portfolio construction to support advisors in their efforts to optimize client portfolios.

SIMON leverages embedded finance technology to deliver integrations across 50 plus product manufacturers and 50 plus wealth managers – including the largest IBDs, bank/regional broker-dealers and private banks, and more than 100 RIAs, as well as platform access to more than 100,000 advisors.

iCapital serves more than $125 billion in platform assets and employed more than 800 people. The acquisition of SIMON has pushed that number above the 1,000 mark.

SIMON offers access to more than 100,000 advisors

iCapital will leverage SIMON to create a single source of alternative investment strategies from nearly 300 asset managers and product manufacturers, adding SIMON’s structured investments, annuities, digital assets and risk-managed products offerings to iCapital’s extensive menu of private offerings including equity, credit, real estate, infrastructure, direct deals, hedge funds, and other alternative strategies.

Lawrence Calcano, Chairman and Chief Executive Officer of iCapital, commented: “As advisors seek access to non-traditional investment structures to help clients meet long-term financial objectives, they can be best supported by a full-service platform offering a comprehensive set of strategies and tools to meet their needs. Incorporating SIMON’s tremendous capabilities into our already robust offering is further demonstration of our commitment to provide the wealth management industry with an unparalleled alternative investing experience.”

Jason Broder, former Chief Executive Officer of SIMON, has joined iCapital as Managing Director, Head of iCapital Solutions. In this role, Jason will lead market development and sales of iCapital’s full suite of technology offerings.

iCapital offers AltsEdge, AI Insight and iCapital Portfolio Intelligence alongside a library of articles with insights on market trends, various asset classes within alternatives, the mechanics of private investing, emerging product strategies and practice management.

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