iCapital Network To Acquire Education And Compliance Platform AI Insight
Alternative investments fintech iCapital Network has agreed to acquire the assets of AI Insight, Inc., an alternative investment education and compliance platform.
“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.
“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 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 plan to expand its alternative investment education suite for financial advisors. In September, iCapital announced its purchase of the portfolio analytics tool, factorE.
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.