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

November 22, 2019 | Alternative Investments, FinTech, News
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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]

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