iCapital and Ares Wealth Management Solutions Expand Partnership
iCapital, a global fintech platform focused on alternative investments, and Ares Wealth Management Solutions (AWMS) have expanded their partnership.
iCapital, a global fintech platform focused on alternative investments, and Ares Wealth Management Solutions (AWMS) have expanded their partnership to provide financial advisors and registered independent advisors greater access to alternative investments and a set of tools to support the development of client portfolios.
Ares Wealth Management Solutions, an affiliate of Ares Management Corporation (NYSE: ARES), oversees the product development, distribution, marketing and client management activities of investment offerings for the global wealth management channel. Ares Management Corporation is an alternative investment manager with approximately $334 billion of assets under management.
Ares Wealth Management Solutions is leveraging iCapital’s technology capabilities to offer investments for the global wealth management community across Ares Management’s credit, private equity, real estate and secondaries asset classes.
Ares Wealth Management Solutions will launch an Ares-branded, iCapital-powered site to support their team as they manage the distribution, marketing and client management activities for various investments, including evergreen, drawdown, exchange and ’40 Act funds.
iCapital will provide feeder fund structuring and management, present the investment for the offering, and facilitate the ongoing servicing. This includes investor onboarding, electronic subscription processing, fund servicing and reporting for the life of the investments.
In addition to the launch of Ares’ branded distribution and servicing platform powered by iCapital, Ares offers access to a subset of its investment products via the iCapital flagship platform.
“We work tirelessly with our strategic partners to continually elevate the experience for advisors and their high-net-worth clients accessing alternatives investing opportunities,” said Lawrence Calcano, chairman and chief executive officer of iCapital. “We are excited to announce our enhanced and evolving partnership that utilizes many of iCapital’s capabilities to support AWMS in providing broad access to their diverse investment offerings to the global wealth management community.”
In other company news, iCapital recently announced plans to purchase UBS Fund Advisor LLC, the alternative investment manager and the feeder fund platform managed by UBS (NYSE: UBS). The platform, generally referred to as “AlphaKeys Funds,” represents more than $7 billion in client assets.
iCapital was founded in 2013 and provides end-to-end technology and services to wealth management firms, asset managers, registered investment advisors. As of July 31, 2022, iCapital services more than $136 billion in global client assets, of which more than $32 billion are from international investors (non-US domestic), across more than 1,080 funds. Employing more than 1,000 people globally, the firm is headquartered in NYC and has offices worldwide including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.
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