iCapital Network Agrees to Acquire AI Insight to Bolster Alternative Investments Education and Compliance Offerings for Financial Advisors
iCapital Leverages AI Insight’s Platform to Offer Independent Advisors Fund-Specific Research and Credentialing
iCapital Network, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced it has agreed to acquire the assets of AI Insight, Inc., an alternative investment education and compliance platform offering financial advisors investment research, training, qualification, and compliance support for a broad range of alternative investments, including private capital, hedge funds, non-traded REITs and BDCs, and alternative mutual funds.
“The growing interest in alternative investments and a regulatory environment expanding access to these opportunities are heightening the demand for in-depth and accessible education and compliance support”
AI Insight’s industry-renowned learning management system provides unbiased, fund-specific e-learning modules on private investment strategies to independent broker dealers and registered investment advisors focused on expanding the scope of products available to their clients. Advisors can study the specific structure, methods, and performance of a fund, and complete an assessment to demonstrate their mastery of the fund information, fulfilling their compliance and regulatory commitments, all within a single workflow.
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“The growing interest in alternative investments and a regulatory environment expanding access to these opportunities are heightening the demand for in-depth and accessible education and compliance support,” said Lawrence Calcano, Chairman and Chief Executive Officer of iCapital Network. “The acquisition of AI Insight supports our ongoing mission to equip independent advisors with comprehensive education and resources to ensure they are fully versed in the complexities of these funds and how they are best integrated in client portfolios.”
Under the agreement, Sherri Cooke, President and CEO, and Jennifer Simon, COO of AI Insight, and eight additional AI Insight employees are expected to join the iCapital team to ensure the quality of ongoing services to AI Insight’s clientele.
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“We have been committed to educating advisors and supporting their research process to help them appropriately position complex products within client portfolios while supporting their compliance needs,” said Ms. Cooke. “In reviewing opportunities to expand the services provided to our clients, iCapital was the obvious choice because, like us, they are committed to helping advisors and their clients have successful outcomes with alternative investing. We are excited about partnering with iCapital to continue improving the investing experience for advisors through education and intuitive technology.”
iCapital’s purchase of the AI Insight platform is the latest step in the firm’s commitment to expand the alternative investment education suite for financial advisors. In September, iCapital announced its purchase of the portfolio analytics tool, factorE, to evaluate and manage complex portfolios that hold a mix of traditional and alternative investments. iCapital also offers robust thought leadership and resources on market trends, emerging product strategies, and fund management, and continues to develop partnerships throughout the advisor industry to support this aim.
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