iCapital deepens Arax partnership with Ashton Thomas deal

iCapital is helping more advisors gain access to the alternative investment space thanks to a new strategic collaboration.

The leading global fintech firm announced Thursday that it has entered into a strategic partnership with Ashton Thomas Private Wealth to streamline and expand access to private market investments for the firm’s financial advisors and their high-net-worth clients.

 “As a platform with significant growth, technology is a core aspect of how we're going to be successful – which is an area where I think iCapital has been exceptional,” Haig Ariyan, CEO of Ashton Thomas’s parent firm Arax Investment Partners, said in a statement Thursday.

Aaron Brodt, CEO and founder of Ashton Thomas Private Wealth, said the collaboration demonstrates his firm’s commitment to providing an elevated advisor experience.

“[T]his collaboration with iCapital and the use of their technology and operating system help our advisors and their clients more efficiently navigate the complexities of alternative investments,” Brodt stated.

Under the partnership, Ashton Thomas advisors gain access to iCapital’s integrated platform that features a range of alternative investment strategies including private equity, private credit, real estate, and hedge funds as well as structured investment opportunities.

The platform simplifies the management of multiple asset classes and enhances data aggregation, financial reporting, and data management and reporting capabilities, which includes enhancements resulting from iCapital’s Mirador acquisition in April.

Lawrence Calcano, chairman and CEO of iCapital, expressed enthusiasm as his firm bolstered its relationship with Arax.

“This collaboration with the Ashton Thomas team exemplifies our shared vision for innovation and excellence in wealth management, reinforcing our commitment to cutting-edge solutions and unparalleled client service,” Calcano said.

Aside from automating subscriptions, admin, operations and reporting for the life of the investment funds, the joint offering will give advisors at Ashton Thomas access to a full library of research, due diligence, and educational materials along with investment product training.

“By helping wealth management clients best leverage the breadth of our operating system and education resources, we aim to set new standards in efficiency, productivity, and client satisfaction,” he added.