What You Need to Know
- Fidelity’s eMoney adds white labeling to its Incentive financial planning and wellness mobile application.
- Mike Sleightholme has been named president of Broadridge Financial Solutions' Asset Management Solutions business.
- Riskalyze is substantially increasing its bond coverage.
The new Alternatives Exchange developed by UBS, Envestnet and iCapital went live, providing private market investment opportunities to Envestnet’s client base with more than 35 funds available from managers across geographies and strategies, the companies said Thursday in a joint announcement.
The firms announced in July they had teamed up to provide clients with access to UBS and iCapital alternative investment products including hedge funds and real estate through Envestnet’s platform.
Users of Envestnet’s Alternatives Exchange will now also have access to the AltsEdge Certificate Program, an educational initiative created by iCapital and the Chartered Alternative Investment Analyst Association to help advisors build their knowledge of the alternative investment space and how this asset class can potentially benefit their clients, the companies said Thursday.
The expansion of the Alternatives Exchange comes at a time when high-net-worth investors are increasingly looking to diversify their portfolios with alternative investments, the firms said.
Citing the findings of a recent iCapital/Boston Consulting Group report, they said HNW individuals are expected to increase their private equity investments by a compound annual growth rate of almost 19%, with global HNW investor commitments to private equity rising to $1.2 trillion by 2025.
Separately, iCapital said it’s now providing wealth managers on its platform access to Golub Capital’s private credit strategies. Advisors will now be offered Golub’s private credit expertise and products alongside iCapital’s education, technology and investment administration capabilities.
iCapital will also build a customized technology platform for Golub that the companies said will enable wealth managers and their HNW clients to access additional Golub products on an end-to-end, fully automated platform.
EMoney Advisor Adds White Labeling
Fidelity’s eMoney announced the availability of white labeling for its Incentive financial planning and wellness mobile application.
Incentive was built, operated and is supported by eMoney, but firms can now “offer their own financial wellness app with the white labeling option to differentiate their business and build credibility with their brand in a digital-first experience,” eMoney said Tuesday.
Incentive, available through retirement plan advisors, is an employee-based financial wellness solution that eMoney said helps investors “achieve their financial goals no matter where they are in their financial journey and puts the retirement plan advisor at the center of the client relationship.”
Broadridge Names New Asset Management President
Broadridge Financial Solutions appointed Mike Sleightholme as president of its Asset Management Solutions business.
Sleightholme most recently spent five years with SS&C Technologies, where he served as CEO and general manager of its DST Systems business.
He will be responsible for “driving Broadridge’s global asset management business growth, the strategic execution of client and market-focused solutions,” and service delivery, the firm said.