UBS Invests In iCapital, Initiates New Partnership

New York-based iCapital Network has announced a new strategic partnership with UBS Financial Services.

UBS will become an investor in iCapital, the companies announced on Tuesday, and UBS advisors will be able to access iCapital’s alternative investments technology platform.

“UBS has $10 billion to $15 billion in alternatives that their cleitns have invested in, moving forward, iCapital will be reporting on and managing all of that,” says Lawrence Calcano, iCapital’s CEO. “Banks are looking to scale their infrastructure, and many banks have low penetration rates of advisors when it comes to alts.
Source: FA Magazine

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