AssetMark Launches Alternative Investments by iCapital Network®
27 April 2021 - 2:00PM
AssetMark (NYSE: AMK), and iCapital Networki, today announced the
launch of AssetMark Alternative Investments by iCapital, a
customized alternative investments service on the AssetMark
platform. The solution provides a curated selection of fully
diligenced alternative investments with low minimums and a seamless
end-to-end investing experience to support independent advisors in
attracting and serving high-net-worth (HNW) clients.
AssetMark Alternative Investments augments the investment
solutions available to independent registered investment advisors
(RIAs) on the AssetMark platform with alternative investment
strategies designed to address the diversification and return
objectives of qualified HNW investors. The offering provides access
to alternative investment managers professionally diligenced by
iCapital, through a convenient, best-in-class user experience. It
features an integrated, single sign-on with automated subscription
and administration, document management, and reporting.
Historically, individual investors have had limited access to
top-tier alternatives managers with appropriately low investment
minimums. AssetMark Alternative Investments by iCapital addresses
this challenge for financial advisors. RIAs can access and manage
their client portfolios while leveraging robust educational content
from iCapital. These solutions will help RIAs grow and
differentiate their business as demand for alternative investments
increases among all investor types; Preqin’s “Future of
Alternatives 2025” report suggests that global alternative assets
under management could grow from $10.7 trillion in 2021 to 17.2
trillion in 2025.
“With AssetMark Alternative Investments by iCapital, AssetMark
is building on its commitment to providing innovative solutions
that help RIAs attract and serve high-net-worth clients,” said
David McNatt, SVP, Investment Product Management & Development
at AssetMark. “Both AssetMark and iCapital Network are dedicated to
providing unparalleled service and experiences that support each
advisor’s high level of service and alternative asset class access
to clients for greater differentiation in a demanding market. We’re
proud to be working with them on this important new offering.”
“It is critical for advisors to meet the burgeoning appetite for
private market investments of their qualified investors with the
same breadth of options and efficiency as more traditional
investments,” said Dan Vene, Co-Founder & Managing Partner,
Head of Client Solutions at iCapital Network. “We are proud to
be working with AssetMark to bring this innovative alternative
investments solution to the thousands of advisors interested in
offering private market opportunities to their affluent
clients.”
On May 25-26, AssetMark Institutional will host its inaugural
RIA Summit featuring insights from industry experts and business
leaders on how RIAs can build successful, scalable businesses.
iCapital will discuss how opportunities in private markets
investing have evolved and how independent advisors can incorporate
these unique investments into their high-net-worth clients’
portfolios.
About AssetMark Financial Holdings, Inc.
AssetMark is a leading provider of extensive wealth management
and technology solutions that help financial advisors meet the
ever-changing needs of their clients and businesses. Through
AssetMark, Inc., its investment adviser subsidiary registered with
the U.S. Securities and Exchange Commission, AssetMark operates a
platform that brings together fully integrated technology,
personalized and scalable service, and curated investment solutions
to support financial advisors and their businesses. For more than
20 years, AssetMark has focused on offering the solutions and
services that help financial advisors grow. AssetMark had $74
billion in platform assets as of December 31, 2020. For more
information visit assetmark.com.
About iCapital Network
iCapital Network’s mission is to power the world’s alternative
investment marketplace. Its financial technology platform has
transformed the way alternative investments are bought, sold and
managed through tech-based solutions for advisors, their
high-net-worth client base, wealth management firms, asset
managers, and banks. The firm’s flagship platform offers advisors
and their clients access to a curated menu of private equity,
private credit, hedge funds, and other alternative investments at
lower minimums with a full suite of due diligence, administrative
support and reporting in a secure digital environment. Wealth
management firms use iCapital’s turnkey technology solutions to
provide clients with quality funds and simplified operational
workflows in an intuitive digital experience. Asset managers and
banks leverage iCapital’s tech-enabled services to streamline and
scale their private investments operational infrastructure.
iCapital was recognized in the 2018, 2019, and 2020 Forbes FinTech
50 and was named Solutions Provider of the Year in the 2020
MMI/Barron’s Industry Awards. As of March 31, 2021, iCapital
Network has more than 400 employees and services $73 billion in
global client assets across more than 760 funds.
For additional information, please visit iCapital Network’s
website at www.icapitalnetwork.com | LinkedIn:
https://www.linkedin.com/company/icapital-network-inc | Twitter:
@icapitalnetwork
See disclosures here.
Media Contacts:Oliver HaysMSR Communications
for AssetMark, Inc.oliver@msrcommunications.com716-861-6437
Morgan MillerThe Neibart Group for iCapital
Networkicapital@neibartgroup.com 919-602-2806
Source: AssetMark, Inc. and iCapital Network
____________________
i Institutional Capital Network, Inc. and its affiliates
(together, “iCapital Network” or “iCapital”)
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