iCapital partners with CAIA to educate advisors

Alternative investment platform iCapital Network and the Chartered Alternative Investment Analyst (CAIA) Association have launched AltsEdge, a new education program that is set up to help financial advisors understand private markets. The move comes at a time when more alternative investment offerings are being sold to a retail audience and private equity firms are preparing to roll out products to be used in 401(k) plans. The AltsEdge program will have 10 guided modules and offers the opportunity for continuing education credits. The nodules cover private equity, hedge funds, private credit, real assets and registered funds. “Wealth managers are seeing heightened receptivity to alternative investments from clients, but comprehensive, foundational education continues to be cited as a barrier to increased adoption,” said Lawrence Calcano, chairman and CEO of iCapital Network, which has $68 billion of client assets on its platform. “The best results occur when financial advisors and their clients are appropriately informed on the risks and considerations of investing in alternatives. This iCapital Network program represents both our commitment to our clients’ success and a significant leap forward for the alternative investments education marketplace.” The program is supported by a joint venture with iCapital’s newly created nonprofit, the iCapital Foundation, dedicated to advisor and investor education alongside other social and community support initiatives. The nonprofit will host the education program in partnership with CAIA, which is a well-known credentialling body in the alternative investment industry. “Clients will continue to want and need greater access to private markets and they are naturally looking to their financial advisors to manage their investment diversification across a more complex set of offerings,” said William Kelly, CEO of CAIA. “But as advisors act on a broader client allocation model, there is a need to educate. Alternative investments can be a powerful tool when understood and used properly, and we are very pleased to partner with iCapital Network to equip the advisor community with these invaluable learning materials.” For iCapital, this is the latest initiative in creating an education program. Last month, iCapital acquired AI insight, an alternative investment education and compliance platform aimed at financial advisors. AI Insight offers training and research across private capital investments including hedge funds, non-traded REITS and BDCs and alternative mutual funds. Last year, iCapital bought factorE, a portfolio analytics tool that is aimed to help investors evaluate and manage complex portfolios that hold a mix of traditional and alternative investments.

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