CAIS, a financial product platform for independent wealth management, partnered with Wealth Enhancement Group, an independent wealth management firm with more than $57.7 billion in total client assets, to provide a customized platform solution for the firm’s network of advisors.
The company says the partnership between WEG and CAIS integrates a customized version of CAIS’ platform into the firm’s existing network of independent advisors. CAIS will provide access to an evolving menu of alternative investment funds and products, as well as educational resources, end-to-end digitized transaction processing, and third-party reporting integrations.
“We’re thrilled to partner with a firm that is committed to meeting the unique needs of the independent wealth management community,” said Jeff Dekko, chief executive officer at Wealth Enhancement Group. “CAIS will deliver a centralized platform solution that offers digitized investment selection, transaction processing and integrated reporting, creating a seamless alternative investing experience for our advisors and their clients.”
Wealth Enhancement Group’s more than 360 advisors will receive access to a variety of diversified investment products across asset classes, including private equity, private real estate, private credit, venture capital, hedge funds and structured solutions. CAIS will also assist WEG in adding their own sourced third-party funds to the platform for centralized monitoring, transacting, and reporting, as well as the launch of proprietary feeder funds and multi-manager funds.
“With the addition of Wealth Enhancement Group, CAIS remains dedicated to empowering the nation’s leading RIA aggregators including Mariner Wealth Advisors, Focus Financial Partners, and Advisor Group,” said Matt Brown, founder and chief executive officer at CAIS. “As multiple factors fuel uncertainty throughout public markets, the need to equip independent advisors with access to quality alternative investments has never been greater.”
With 69% of financial professionals citing a lack of educational resources as a barrier to private markets investing, WEG will also utilize CAIS IQ, a proprietary alternative investment education platform.
Founded in 1997, Wealth Enhancement Group is an independent wealth management firm offering comprehensive and customized financial planning and investment management services. Now serving more than 45,500 households, the company has more than 75 offices nationwide and is expanding through organic growth and acquisition.
CAIS provides a financial product platform offering access to alternative investment funds, IPOs and follow-ons, and structured notes. Independent due diligence services are provided by Mercer.