Janney Montgomery Scott selects iCapital Network for alternative investment platform
Janney Montgomery Scott, a full-service wealth management, capital markets, and asset management firm, is to utilise iCapital Network’s platform technology in a white-label solution to enhance the alternative investment capabilities on its platform.
Through the partnership, Janney’s Financial Advisors gain access to iCapital’s curated online menu of private equity and hedge fund offerings with the ability to seamlessly incorporate these investments into client portfolios. Within the fund menu, the iCapital Research and Due Diligence Team provides a high-quality array of diverse alternative investment offerings to help achieve desired client outcomes of growth, income, and portfolio diversification. iCapital will also offer educational and detailed product support to Janney’s Financial Advisors.
“This new partnership substantially enhances Janney’s alternative investment offering and provides our Financial Advisors with access to a diverse menu of industry leading hedge fund and private equity managers. The broadening of Janney’s alternatives platform will immediately strengthen our ability to deliver a more comprehensive set of solutions to our clients,” says Kevin Reed, Head of Wealth Management at Janney Montgomery Scott.
“We are thrilled to partner with such a significant presence in the broker-dealer marketplace and we look forward to helping Janney financial advisors augment the strength of their client portfolios with alternative investment opportunities,” says Lawrence Calcano (pictured), Chief Executive Officer of iCapital Network. “We are committed to providing the industry with the technological expertise and product insights necessary to support advisors in deepening their client relationships.”