Asset manager TCW Group and iCapital Network Inc., a fintech that helps advisers use alternative investments with their clients, announced a partnership Monday in which TCW will use iCapital’s technology platform to make it easier for TCW's clients — both high-net-worth advisers and investors — to access its offerings of alternative investments.
ICapital will provide TCW with a customized technology solution that handles the subscription, administration, operational and reporting processes for the investments.
“We are excited by the partnership with iCapital, enabling expanded access to TCW’s growing slate of alternative investment products to a broader investor base through the financial intermediary community,” Alex McCulloch, head of retail marketing at TCW, said in a statement. “We expect TCW’s first offering through the iCapital technology to be in alternative credit, an area in which TCW has long-tenured experience and significant capabilities.”
ICapital Network has benefited from the explosion of interest in alternative investments and has more than $104 billion in assets on its platform. The fintech raised $497 million last year from private equity investors and did a couple of deals to expand its reach, buying Axio Financial, a distributor of structured notes, and partnering with digital currency asset manager Grayscale to offer cryptocurrency.
TCW manages $266 billion in assets and operates two mutual fund families, MetWest Funds and TCW Funds.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
It's the mega-RIA firm's third $1B+ acquisition in just three months.
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.
