iCapital announced on Tuesday that it is launching a customized platform for RIAs, enabling firms using GeoWealth to more easily include private assets within UMA (Unified Managed Accounts).
The experience is available to eligible advisors accessing custom model portfolios provided by BlackRock while utilizing GeoWealth’s investment deployment platform, the statement adds.
With this alliance, GeoWealth, a proprietary technology platform and turnkey asset management platform (TAMP) serving the RIA channel, will provide advisors with intuitive workflows, efficient insight tools, and comprehensive investment management capabilities throughout the investment lifecycle. Meanwhile, iCapital’s multi-investment workflow tool streamlines the entire alternative asset investment experience, aggregating insights from firms.
“Modern RIAs need solutions that provide high-net-worth clients with access to alternative assets at scale,” said Colin Falls, CEO of GeoWealth.
The integration streamlines access to BlackRock’s custom models, aiming to incorporate private markets, direct indexing, and fixed-income SMAs—alongside traditionally offered ETFs and mutual funds—into a single account, the statement explains.
“Retail investors are leading the adoption of private markets as they seek portfolios that offer exposure to investments unavailable through public markets and the potential for uncorrelated returns,” said Jaime Magyera, Co-Head of U.S. Wealth Advisory at BlackRock.
Lawrence Calcano, Chairman and CEO of iCapital, added: “iCapital’s technology was designed to advance the industry and enable efficient management of alternative investments in client portfolios, and this partnership underscores that mission.”
