iCapital, a global fintech platform, and Ares Wealth Management Solutions (AWMS) expanded their partnership to provide financial advisors and registered independent advisors with greater access to a broadened menu of alternative investment solutions and a comprehensive set of tools to support the development of client portfolios.
AWMS is leveraging the broad capabilities of iCapital’s technology to offer investment solutions tailored for the global wealth management community across Ares Management’s credit, private equity, real estate and secondaries asset classes.
AWMS will launch an Ares-branded, iCapital-powered site to support the AWMS team as they manage the distribution, marketing and client management activities for various investment solutions, including evergreen, drawdown, exchange and ’40 Act funds. With approximately 110 dedicated professionals backed by the scale of the Ares investment management platform, AWMS is one of the most resourced wealth distribution and client service teams in the alternative investment industry.
iCapital will provide feeder fund structuring and management, present the investment for the offering and facilitate the ongoing servicing. This includes investor onboarding, electronic subscription processing, fund servicing and reporting for the life of the investments.
In addition to the launch of Ares’ branded distribution and servicing platform powered by iCapital, Ares offers access to a subset of its investment products via the iCapital flagship platform.
“We work tirelessly with our strategic partners to continually elevate the experience for advisors and their high-net-worth clients accessing alternatives investing opportunities,” Lawrence Calcano, chairman and CEO of iCapital, said. “We are excited to announce our enhanced and evolving partnership that utilizes many of iCapital’s capabilities to support AWMS in providing broad access to their diverse investment offerings to the global wealth management community.”
“This is a differentiating partnership that advances AWMS’ commitment to providing financial advisors and their clients greater access to the breadth of Ares’ institutional-quality products and services,” Raj Dhanda, global head of wealth management in Ares Wealth Management Solutions, said. “In expanding our relationship with iCapital and powered by its leading digital platform, we are further enhancing AWMS’ ability to meet high-net-worth investors’ demand for alternatives and better support their desired portfolio outcomes.”