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UBS, Envestnet and iCapital Network partner to expand alternative investment offering

By Pavithra R

July 14, 2021

  • America
  • UBS
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UBS, Envestnet and iCapital Network partner to expand alternative investment offeringUBS, Envestnet and iCapital Network announced a strategic relationship to deliver access to curated UBS and iCapital alternative investment products through Envestnet’s platform.

To power the initiative, Envestnet is also launching Alternatives Exchange, a new solution to provide these products to the firm’s clients, leveraging iCapital’s turnkey technology through single-sign-on access.

“UBS has a long history of partnering with leading technology companies, like Envestnet and iCapital, to help broaden the firm’s distribution network of its products and services. This strategic relationship will enable us to scale our product offering for investors and strengthen our position in the alternative investments sector,” said  Tom Naratil, President Americas at UBS.

To support this effort, Envestnet | PMC, Envestnet’s portfolio consulting group, will provide oversight of the Alternatives Exchange. Also, UBS has created a dedicated group to service this initiative, which will provide access to investment solutions and custody services.

“Through our partnership with UBS and iCapital, we continue to make significant strides in building out our financial wellness ecosystem. UBS’s global reach, iCapital’s demonstrated technology, and both firms’ extensive history with alternatives will be key for helping us equip advisors with the tools to help diversify client portfolios,” said Bill Crager, Co-Founder and CEO of Envestnet.

Through the alliance, Envestnet’s platform will provide access to iCapital’s enhanced technology and processing capabilities. iCapital’s technology includes its digital subscription process for alternative investments, with Anti-Money Laundering and Know Your Client features to assist advisors through essential compliance processes. Investment-related documents and reports are made available in real-time through iCapital’s intuitive document center.

“We are proud to partner with UBS and Envestnet, to provide advisors with access to a broad array of quality alternative investment strategies via the Alternatives Exchange. We are committed to continuing the transformative work iCapital is doing with our partners to help the industry meet the growing demand for alternative investments, and to provide innovative solutions that have the potential to deliver better outcomes for advisors and their clients,” said Lawrence Calcano, Chairman and CEO of iCapital Network.

Established in 1999, Envestnet is transforming the way financial advice and wellness are delivered. The company’s mission is to empower advisors and financial service providers with technology, solutions, and intelligence to make financial wellness a reality for everyone.

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