iCapital’s innovative technology provides NewEdge Wealth with operational infrastructure to efficiently scale access to alternative investments

NewEdge Wealth, LLC, a registered investment advisor specializing in servicing the needs of ultra-high net worth families, family offices and institutional clients, and iCapital,¹ the global fintech platform driving access to alternative investments for the wealth management industry, announced a strategic partnership today that provides NewEdge Wealth financial advisors and their high-net-worth clients with access to a diversified range of alternative investing opportunities.

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The partnership includes a customized technology offering that provides advisors at NewEdge Wealth with a curated menu of alternative investment strategies – from private equity, private credit, real estate to hedge funds – and also enables the firm’s advisors to purchase structured investment opportunities.

iCapital’s technology solution automates the subscription, administration, operational, and reporting processes for the life of the investment funds. As part of the partnership, advisors also gain access to a full suite of research, due diligence, educational materials, and investment product training.

“iCapital is a clear leader in the industry, and with the ever-increasing demand for alternative investments from high-net-worth and ultra-high-net-worth investors accelerating, we are thrilled our advisors benefit from iCapital’s cutting-edge technology,” said Rob Sechan, Managing Partner of NewEdge Capital Group, and CEO, Co-Founder, NewEdge Wealth. “We view this partnership as instrumental in scaling our alternatives business and empowering advisors to provide clients with a broader and more complete range of portfolio solutions.”

“Advisors best serve their clients when they have access to the latest tools, educational resources, and a spectrum of thoughtful investment solutions,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital. “This partnership exemplifies our commitment to helping advisors achieve better client outcomes, and we are delighted that NewEdge chose iCapital’s turnkey technology solution to open up greater access to institutional-quality alternative investment strategies.”

About NewEdge Wealth

NewEdge Wealth is a division of NewEdge Capital Group, LLC. NewEdge Capital Group services multiple business lines and supports over 300 financial advisors servicing several thousand households, family offices and institutions. Today, NewEdge Capital Group, a Barron’s Top 100 RIA Firm and Forbes’ America’s Top RIA Firm,² has over $42 billion in client assets and supports over 300 financial advisors servicing several thousand households, family offices and institutions comprising more than 75,000 client accounts. The company is a division of EdgeCo Holdings, LP, which collectively services over $170 billion in assets through NewEdge Capital Group and its other custody and retirement businesses.

About iCapital

Founded in 2013, iCapital is the leading global fintech company powering the world’s alternative investment marketplace. iCapital has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities. iCapital’s solutions enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.

iCapital-managed platforms offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, hedge funds, structured investments, annuities, and risk-managed solutions. iCapital has been recognized on the Forbes Fintech 50 list each year from 2018 to 2022, the Forbes America’s Best Startup Employers in 2021, 2022, and 2023, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020, 2021, 2022 and 2023.

As of August 31, 2023, iCapital services over $166 billion in global client assets, of which about $28 billion are from international investors (non-US Domestic) across more than 1,300 funds. Employing more than 1,200 people globally, iCapital is headquartered in NYC and has offices worldwide, including in Zurich, London, Lisbon, Hong Kong, Singapore, and Toronto.

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The material herein has been provided to you for informational purposes only by iCapital, Inc. (“iCapital”). This material is the property of iCapital and may not be shared without the written permission of iCapital. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital.

This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. You should consult your personal accounting, tax and legal advisors to understand the implications of any investment specific to your personal financial situation. This material does not intend to address the financial objectives, situation or specific needs of any individual investor. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors.

The information contained herein is an opinion only, as of the date indicated, and should not be relied upon as the only important information available. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. The information contained herein is subject to change, incomplete, and may include information and/or data obtained from third party sources that iCapital believes, but does not guarantee, to be accurate. iCapital considers this third-party data reliable, but does not represent that it is accurate, complete and/or up to date, and it should not be relied on as such. iCapital makes no representation as to the accuracy or completeness of this material and accepts no liability for losses arising from the use of the material presented. No representation or warranty is made by iCapital as to the reasonableness or completeness of such forward looking statements or to any other financial information contained herein.

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Alternative investment products and services may be offered through iCapital Securities, LLC. Structured investment products and services may be offered through Axio Financial LLC and/or SIMON Markets LLC. iCapital Securities LLC, Axio Financial LLC, and SIMON Markets LLC are each a registered broker/dealer, member FINRA and SIPC, and an affiliate of Institutional Capital Network, Inc. (“iCapital”). Alaia Capital LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”), acts as a portfolio consultant to m+ funds and is an affiliate of iCapital. Outcome Driven Strategies, LLC and Cornerstone Advisory, each an investment adviser registered with the SEC, provide investment advisory services for the structured investment separately managed accounts described herein. Outcome Driven Strategies, LLC is jointly owned by Axio Advisors LLC and Cornerstone Advisory (not affiliated with iCapital).

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¹ iCapital, Inc., and its affiliates (together, "iCapital").

² Barron’s rankings awarded in September 2023 based on June 30, 2023, data. Forbes/Shook rankings awarded in October 2023 based on June 30, 2023, data.

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“iCapital is a clear leader in the industry, and with the ever-increasing demand for alternative investments from high-net-worth and ultra-high-net-worth investors accelerating, we are thrilled our advisors benefit from iCapital’s cutting-edge technology,”