UBS (NYSE: UBS), Envestnet (NYSE: ENV), and iCapital have launched the Alternatives Exchange, a platform that provides private market investment opportunities to Envestnet’s client base with more than 35 funds available from managers across geographies and strategies.
Users of Envestnet’s Alternatives Exchange will now also have access to the AltsEdge Certificate Program, an educational initiative jointly created by iCapital and Chartered Alternative Investment Analyst Association to help advisors build their knowledge of the alternative investment space.
The expansion of the Alternatives Exchange comes at a time when high-net-worth investors are increasingly looking to diversify into alternative investments, the companies said.
According to “The Future is Private – Unlocking the Art of Private Equity in Wealth Management,” high-net-worth individuals are expected to increase their private equity investments by a compound annual growth rate of nearly 19 percent, with global high-net-worth investor commitments to private equity rising to $1.2 trillion by 2025.
“With the increased demand for alternative investments from [high-net-worth] and ultra-high-net-worth investors accelerating, the Alternatives Exchange will help us broaden our distribution network and provide clients with curated products to meet their evolving needs,” said Jerry Pascucci, head of global alternative investment solutions and global wealth management, at UBS. “Advisors best serve their clients when they have access to the latest tools, educational resources and wide spectrum of investment solutions.”
UBS provides financial advice and services to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland.
Envestnet is a financial technology firm that develops and distributes wealth management technology and products to financial advisors and institutions.
iCapital was founded in 2013 in New York City and provides end-to-end technology and services to wealth management firms, asset managers, registered investment advisors. Additionally, its ‘flagship’ platform offers wealth advisors and their high-net-worth clients access to private equity, private credit, hedge funds, structured notes, and other alternative investments. iCapital’s research and diligence team provides analysis alongside the firm’s advisor education, compliance, portfolio management, and portfolio analytics tools and services.
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