iCapital, the global fintech platform driving the world's alternative investment marketplace for the wealth and asset management industries, in collaboration with GeoWealth and BlackRock has announced its technology is now powering a custom platform experience for registered investment advisors (RIAs), which enables firms using GeoWealth to more easily include private assets within unified managed accounts (UMAs). The experience is available for eligible advisors accessing custom model portfolios provided by BlackRock while leveraging GeoWealth’s investment implementation platform.
With the partnership, GeoWealth, a proprietary technology and turnkey asset management platform (TAMP) serving the RIA channel, will provide advisors with intuitive workflows, efficient reporting tools, and comprehensive investment management capabilities throughout the investment’s lifecycle, while iCapital’s Multi-Investment Workflow Tool streamlines the entire alternative assets investing experience.
“Modern RIAs require solutions to provide high-net-worth clients access to alternatives at scale," said Colin Falls, CEO of GeoWealth. “The industry is racing to solve the challenge of implementing alternatives into model portfolios, while GeoWealth’s proprietary UMA technology will make this possible. We look forward to continuing to work with BlackRock and iCapital to offer this practice-differentiating offering to RIAs.”
The integration streamlines access to BlackRock custom models that are intended to incorporate private markets, direct indexing and fixed income SMAs – in addition to traditionally offered ETFs and mutual funds – in a single account.
“Retail wealth investors are leading the adoption of private markets as they seek portfolios offering exposure to investments they cannot access via public markets and the potential for uncorrelated returns,” said Jaime Magyera, Co-Head of U.S. Wealth Advisory for BlackRock. “This collaboration between iCapital and GeoWealth complements our existing relationships to meet the evolving needs of advisors and their clients through an innovative and easy-to-use structure.”
iCapital’s technology, which notably reduces the complexity and multi-step process of investing in alternatives for the advisor and investor, includes unified trade orders across multiple investment products, intelligent automation, one-stop e-signature solutions, and consolidated client communications.
“iCapital’s technology was designed to advance the industry and enable efficient management of alternative investments in client portfolios, and this partnership underscores that mission,” said Lawrence Calcano, Chairman and CEO of iCapital. “We’re thrilled to be partnering with these two industry leaders to build out the infrastructure needed to support alternatives in the same accounts as the rest of the portfolio. Our deep integrations with GeoWealth and BlackRock will further transform the digital alternatives investing experience for advisors and their high-net-worth clients.”
About GeoWealth
GeoWealth is a turnkey asset management platform (TAMP) and financial technology solution built specifically for the needs of modern RIAs. GeoWealth’s user-friendly, cost-efficient, integrated technology enables advisors to access a diversified lineup of model portfolios and offload mid-and back-office responsibilities, including performance reporting, billing, portfolio accounting and more. Via its customizable open-architecture platform, GeoWealth enables advisors and firms to grow faster and serve clients more efficiently. Founded in 2010, GeoWealth is headquartered in Chicago, IL. Visit us at geowealth.com and follow us on LinkedIn.
