Now, Advisors and Qualified Clients Get Access to PIMCO Alternative Strategies

November 22, 2019 | Alternative Investments, FinTech, News

iCapital Network, which connects advisors and their high net worth investors to leading alternative investment managers, ties up with PIMCO.

iCapital Network said it will develop a customized technology platform for PIMCO, one of the world’s largest fixed-income asset managers. Financial advisors and qualified investors can, therefore, use this platform to access PIMCO’s alternative investment strategies.

“We are excited to partner with iCapital and look forward to leveraging their capabilities as we continue our efforts to democratize alternative investments for qualified investors seeking additional sources of return and diversification in their portfolios,” said Eric Mogelof, PIMCO head of US Global Wealth Management, in a statement.

The platform to be created by iCapital Network will enhance the investing experience for advisors as well as their clients. Also, the technology integrates subscription, performance and tax reporting for alternative investments in an all-in-one platform. Furthermore, investors will appreciate the total transparency in each step of the investing process.

iCapital Network

Its online platform facilitates high net worth individuals and their financial advisers to make investments in private equity, private debt, venture capital, and hedge funds. CEO Lawrence Calcano, 56, a 17-year veteran of Goldman Sachs; managing Partner Dan Vene, 44, and Managing Partner & Head of Research Nick Veronis, 54, co-founded the firm. It appears on the Forbes Fintech 50 List for 2019.

Last month, iCapital Network became the first third-party platform sponsor on the Schwab Alternative Investment Market Place platform. Moreover, in April this year, iCapital Network was recognized in the 2019 Fintech Breakthrough Awards as the Best Banking Infrastructure Platform.

Investors in the firm include Blackrock, Blackstone, JPMorgan Chase, Morgan Stanley, The Carlyle Group, and UBS.

[Related Story: RIA Deal Fervor Continues: Bluespring Wealth Acquires Vector Wealth Management]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

December 6, 2019

SIFMA: US Economy Will Expand in 2020 But at a Moderate Pace

SIFMA: US Economy Will Expand in 2020 But at a Moderate Pace

Latest Alternative Investment News

Steve Cohen Looks to Boost Stake As MLB Team Owner
December 7, 2019     Hedge Funds, Latest News, News

As uber-rich private equity and hedge fund billionaires are homing in on sports franchises, Steve Cohen is negotiating to up his current 8% stake in the Mets to 80%. Cohen…

LPL Wades Into Pricing Wars; Axes Platform Fees on ETFs for Advisors
December 6, 2019     News

LPL Financial launched a no-transaction-fee, ETF network where advisors can trade ETF’s for free in their advisory accounts. LPL Financial partnered with three leading ETF providers – State Street Global…

Goldman’s Private Equity Clients All Fear a Recession
December 6, 2019     News, Private Equity

Goldman Sachs clients are hunkering down for a recession, but are still looking for multi-billion dollar investment opportunities. Speaking on a Bloomberg interview, Alison Mass, Goldman Sachs Group Inc.’s chairman…

SIFMA: US Economy Will Expand in 2020 But at a Moderate Pace
December 6, 2019     Headlines, Special Reports

SIFMA’s bi-annual survey compiles economic focus from its Roundtable members, the chief US economists of over 20 global and regional financial institutions. SIFMA’s 2019 End-Year US Economic Survey forecasts US…