iCapital and Envestnet announced an expanded strategic partnership to integrate alternative and structured investments into Envestnet’s Unified Managed Account (UMA) platform, enabling advisors to manage complex portfolios within a single framework.
The enhanced collaboration allows financial advisors to access iCapital’s technology directly through Envestnet and incorporate alternative assets alongside traditional public market investments within one account structure. The integration is designed to streamline portfolio construction, implementation, and ongoing management as alternatives become a more central component of diversified portfolios.
Through connected workflows and single sign-on capabilities, advisors can now access iCapital’s platform seamlessly within Envestnet, reducing friction across the investment lifecycle while maintaining consistency in reporting and portfolio oversight.
The expanded capabilities also enable advisors to manage advisor-traded sleeves that include alternative and structured investments, supporting greater scalability, efficiency, and consistency in portfolio execution.
The partnership builds on ongoing collaboration between the two firms, including recent additions of investment solutions such as private credit and structured investment strategies available within Envestnet’s platform.
The move reflects growing demand for integrated portfolio solutions that combine traditional and alternative assets, as advisors seek to deliver more sophisticated investment strategies within unified account structures.
KEY QUOTES:
“As alternatives increasingly become a core component of portfolios, advisors need a practical way to implement them alongside traditional assets. Embedding iCapital into Envestnet’s UMA platform allows advisors to incorporate alternatives and structured investments within a single account structure, supporting diversification, scale, consistency, and day-to-day execution across client portfolios.”
Gary Gallagher, President, iCapital
“We’re focused on giving advisors the ability to bring the full spectrum of investment opportunities into a unified portfolio experience. Expanding our work with iCapital is about extending that vision, making it easier for advisors to deliver more sophisticated portfolios within a single, cohesive framework.”
Dana D’Auria, Co-Chief Investment Officer And Group President, Envestnet Solutions
