Alt investment platform and wealth tech provider CAIS has extended its reach across the wealth industry with another significant addition to its network.
The leading platform in alternative investments for independent financial advisors has been chosen by Captrust to centralize and enhance the management of their alternative investment offerings.
The independent financial advisory firm, managing over $800 billion in client assets, has struck the partnership as it seeks to streamline operations and improve the alternative investing process for their advisors.
"We are thrilled to work with CAIS to offer our advisors best-in-class technology enhanced by a dedicated advisor-facing team of professionals to streamline their alternative investing experience," Michael J. Vogelzang, managing director and chief investment officer at Captrust, said in a statement Tuesday.
The growth-focused wealth titan reaffirmed its commitment to recruiting quality advisors last week after news broke that Rush Benton, Captrust’s long-time head of mergers and acquisitions, is leaving to start his own business.
Vogelzang emphasized the importance of this collaboration in reducing the operational challenges often associated with alternative investments. The integration with CAIS will allow Captrust advisors to utilize CAIS' SaaS technology, CAIS Solutions, to centralize their alternative investment products across various providers.
This technology supports automated processes throughout the investment lifecycle and offers enhanced data management through integrations with major custodians and reporting providers such as BNY Mellon’s Pershing, Fidelity, Charles Schwab, and Black Diamond.
Matt Brown, founder and CEO of CAIS, highlighted the strategic value of their platform, saying: "CAIS Solutions is creating immense value for advisory firms that have historically relied on fragmented technologies and processes to run their alternatives practice."
Brown noted the increasing demand for alternative investments and CAIS' commitment to addressing the unique needs of independent advisors. The announcement follows a similar move by Baird, an international wealth and asset management firm, which also expanded its use of CAIS to consolidate its alternative investment operations.
Wealth management unit sees inflows of $23 billion.
Deal will give US investment bank a foothold in lucrative European market.
New report examines the impact that the initiative has had on philanthropy.
Few feel confident that they will meet their retirement goals.
Catch-up contributions, required minimum distributions, and 529 plans are just some of the areas the Biden-ratified legislation touches.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
