Different funding platform iCapital reached over $200 billion in international belongings this September, doubling the quantity of belongings on the platform in 9 months. Of that sum, roughly $172 billion comes from U.S. buyers and $28 billion from worldwide.
The expansion in belongings coincides with the rise within the variety of funds and managers accessible on the platform over the previous a number of years. At the moment, iCapital has 1,630 funds from greater than 600 asset managers. That represents a 77% improve in funds accessible on the platform in comparison with December 2021. Property accessible by means of these funds embody options, structured investments and annuities. Earlier this yr, iCapital additionally launched a mannequin portfolio choice for monetary advisors.
“iCapital is honored to assist extra monetary advisors than ever develop their companies by means of the usage of our expertise and end-to-end working platform,” Chairman and CEO Lawrence Calcano mentioned in an announcement. “Our prospects are and can proceed to be the cornerstone of every part we do.”
As well as, iCapital introduced that over 104,000 monetary professionals have accomplished transactions on its platform over the previous 12 months, averaging about 4 visits per thirty days. Earlier this yr, iCapital revealed that 170 new advisory companies joined its platform within the first six months of the yr. Total, it reported that 2,500 wealth managers have been utilizing its companies as of July, together with roughly 2,250 unbiased wealth advisors.
iCapital, which already operates a number of worldwide workplaces in Europe and Asia, plans to open workplaces in Australia and the Center East within the subsequent six months.
“There may be an ongoing shift within the position of public versus non-public markets in supporting rising, worthwhile corporations. It’s more and more vital for personal buyers all over the world to have the chance to entry non-public markets to allow them to profit from the worth creation, which is these days more and more occurring outdoors of the general public markets as a result of corporations are remaining non-public longer,” mentioned iCapital Head of Worldwide Marco Bizzozero in an announcement.
