Keebeck Wealth Management, an independent advisory firm focused on serving entrepreneurs and multigenerational families, has announced a strategic partnership with iCapital.
Under the new arrangement, the Chicago-based firm said it will leverage iCapital’s technology platform to broaden the investment opportunities available to the aspiring entrepreneurs, established business owners and multigenerational households it serves.
With a global reach and an alternatives shelf that includes private equity, hedge funds, and structured investments, iCapital has established itself as a major fintech player in the alts investment space.
The wealth tech provider's efforts to help advisors extend their portfolio diversification capabilities past traditional stocks and bonds include a move to expand access to its Architect portfolio construction tool announced last week, and a July agreement to integrate its structured investments offering into the Envestnet platform for advisors.
Bruce Keebeck Lee, founder and CEO of Keebeck Wealth Management, highlighted the new iCapital partnership’s crucial role in enhancing the firm’s capabilities to address its clients' growing demands.
“As Keebeck continues to grow at an unprecedented rate, our partnership with iCapital becomes a cornerstone for scaling our ability to meet and exceed our clients' expectations,” Lee said in a statement.
According to its latest form ADV, dated March 30, 2023, Keebeck manages roughly $1.2 billion in assets for high-net-worth clients, and just over $500,000 for other individuals. The firm also oversees $118 million in pension and profit-sharing plan assets, roughly $4.5 million in assets from charitable organizations, and approximately $218 million from other corporations and businesses.
The new partnership agreement with iCapital also promises to address Keebeck’s increasing need for higher bandwidth to manage client interactions and to supply a comprehensive array of educational resources.
“iCapital's platform not only offers us the technological prowess to handle high demand, but it also enriches our advisory services with extensive educational resources for both our clients and advisors,” Lee said.
"The expansion of our partnership with Keebeck represents our ongoing commitment to provide unparalleled access to the alternative investment landscape," added Lawrence Calcano, iCapital chairman and CEO.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Shareholder targets FS KKR Capital's directors over alleged portfolio valuation and dividend missteps.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
