Strategic technology partnership to enhance MAI’s alternatives platform and optimize efficiency for advisors and investors.
MAI Capital Management , a registered investment advisory firm focused on empowering clients to simplify, protect, and grow their wealth, announced a partnership with iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries. Through the integration of iCapital’s technology into MAI’s custom platform, MAI’s in-house investment team can easily view, manage, and administer clients’ existing and future alternative investments.
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“We took great care in selecting a technology partner to support and scale our alternatives business and felt a natural fit with the team at iCapital,” said MAI’s Chief Investment Officer and Managing Partner, Kurt Nye, CFA. “Our focus is to build and manage bespoke portfolios built to preserve and create wealth across generations. With the support of iCapital, our team can now spend more time focusing on our diversified portfolios, balancing risk and deepening client relationships, instead of being bogged down by the operational intensity of alternative investments.”
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iCapital’s end-to-end technology provides MAI’s advisors with a solution to simplify the process of reconciling alternative investment and fund data, streamline document management and fund finance activities, and enable more efficient workflows. MAI’s investment team will also have the capability to create custom portfolios and complete related due diligence for clients. iCapital will manage the associated oversight functions and support ongoing operations and efficiencies for MAI’s advisors and clients, and iCapital has also agreed to manage a set of existing funds currently managed by MAI as part of the partnership.
“We are honored that the MAI Capital Management team entrusted iCapital to help streamline its workflows and administrative needs within alternatives,” said Steve Houston, Managing Director and Co-Head of iCapital Solutions. “As private market allocations become an increasingly important component of diversified investment portfolios, we share a common goal with MAI to help advisors scale without losing sight of what matters helping their clients achieve better financial outcomes.”
With more than 50 years of advising high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, including iconic athletes and entertainers, MAI specializes in comprehensive financial planning and investment management for individuals and families. It delivers financial and estate planning, investment management, tax planning, insurance, accounting, and philanthropic strategies. MAI’s private markets platform comprises alternative funds across various strategies including real assets, private equity, private credit, venture capital and hedge funds.
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The partnership underscores the increasing role of technology in administering complex alternative investment products. It also provides MAI’s registered independent advisors with a complete suite of technology and educational content to help them navigate and deliver private market investments to clients.
Learn more about MAI and iCapital’s new partnership by watching this iCapital CONNECT video featuring Kurt Nye and Michael Sidgmore, co-founder and partner Broadhaven Ventures.
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Source – businesswire
