Big moves
NY-headquartered wealthtech iCapital will boost the operational efficiency of investment for Endowus, Singapore’s premier wealth management platform.
This move will allow Endowus to offer its clients an opportunity to tap institutional-class private market initiatives. Also, the firm will get a chance to extend the reach of its private market investment offering to Singapore and Hong Kong.
Read more here.
Endowus is not the only partner iCapital tied the partnership knot with. Together with the UK Allfunds, it became the company NY-based Blue Owl Capital teamed up with to scale its retail presence. Through this partnership, investors can explore Blue Owl's credit offerings through the iCapital-managed feeder fund.
Apparently, the collaboration is a response to retail investors' rising interest in private credit and other alternative assets.
Read more here.
Meanwhile, the above-mentioned above industry-leading B2B platform Allfunds has announced Tom Wooders as Country Head for the company’s UK business. Tom will direct the business in this key market as it gains ground and weight and report directly to Chief Commercial Officer.
Read more here.
Next read: Overview of iCapital Network & an interview with CEO Lawrence Calcano.
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Orion named Tom McCarthy a new Executive Vice President of Sales for Wealth Management. This appointment will drive Orion’s growth across the industry, fueled by this year’s impressive M&A feats, including the acquisition of Redtail Technology and TownSquare Capital.
Read more here.
Mako Financial Technologies and PortfolioAid have forged a strategic partnership to scale up the outreach of their integrated service offerings.
Through this cooperation, advisors and wealth managers will be able to access top-tier Wealthtech offerings for simplified KYC workflows for client onboarding, portfolio construction, compliance management, and other processes.
Read more here.
Bird’s eye survey
AdviceBridge’s recent research reveals that an eye-watering number of advice businesses never gather information on new technology. Yes, no research at all, you’ve read it correctly. How come?
Read more here.
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