A day after asserting it had reached $200 billion in belongings, different funding platform iCapital rolled out a brand new instrument it calls the Multi-Funding Workflow, which permits monetary advisors to course of a number of investments in a single, unified course of.
Whereas Multi-Funding Workflow is accessible to all advisors utilizing the platform, one of many instrument’s major targets is to speed up the adoption of iCapital’s mannequin portfolio function, which was launched this Might, mentioned Steve Houston, managing director and co-head of shopper options with iCapital.
Beforehand, monetary advisors utilizing iCapital Market needed to comply with a multi-step course of to subscribe to the completely different funding merchandise obtainable on the platform, with particular person subscription paperwork and advertising supplies emailed to shoppers. The Multi-Funding Workflow instrument can bundle a number of funding merchandise right into a unified commerce order with one-stop e-signature functionality and all-in-one shopper communication. As well as, the instrument makes use of clever automation to pre-populate fund suggestions and advisable proportion weightings for these funds for advisors utilizing iCapital’s mannequin portfolio.
“We predict mannequin portfolios is the place the puck is transferring, as evidenced by how monetary advisors handle their shopper portfolios within the public market sector,” mentioned Houston. “Fashions have performed an important function in acceleration and adoption of constructing the best sorts of portfolios, and that is actually an try to speed up that step with non-public markets.”
The Multi-Funding Workflow instrument, which has been in beta testing for about 5 months, is now obtainable to monetary advisors utilizing iCapital’s Market and iCapital Mannequin Portfolio. Additionally it is scheduled to quickly be rolled out for customers of iCapital Architect, which permits advisors to construct personalised shopper portfolios.
