iCapital and Envestnet have decided to extend their partnership in order to provide better access to alternative investment options through Envestnet’s Unified Managed Account (UMA) platform. This expansion will allow advisors to easily add alternative and structured products to invest alongside traditional assets in one portfolio. iCapital’s development has been deeply integrated with Envestnet so that the advisors’ process from the portfolio building, market closing, to control, has been supported while single sign-on makes the access a lot easier. This comprehensive method not only eliminates many of the administrative steps but also gives advisors more time to develop their investment strategies as the role of alternatives continues to grow.
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“As alternatives increasingly become a core component of portfolios, advisors need a practical way to implement them alongside traditional assets,” said Gary Gallagher, President of iCapital. “Embedding iCapital into Envestnet’s UMA platform allows advisors to incorporate alternatives and structured investments within a single account structure, supporting diversification, scale, consistency, and day-to-day execution across client portfolios.” The collaboration underscores a broader industry shift toward integrated, technology-driven portfolio management that enables advisors to deliver more sophisticated and holistic investment solutions.
