iCapital Network® and Pershing Enhance Technology Integration to Improve Alternative Investing Experience for Advisors
Summary
NEW YORK--(BUSINESS WIRE)--iCapital Network1, the leading financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced an enhanced technology integration with BNY Mellon’s Pershing (“Pershing”) that will simplify the process for advisors accessing alternative investments. “We have a shared commitment to ensure that the many advisors who custody with Pershing have the most innovative technology options at their disposal when accessing alternative investments on behalf of their clients.” “We have a long history of making alternatives available to advisors on our platform but knew that manual steps made private investments a more difficult asset class to access,” said Robert Cirrotti, managing director, Global Strategy & Product Management at Pershing. Its financial technology platform has transformed the way alternative investments are bought and sold through the development of tech-based solutions for advisors, their high-net-worth client base, asset managers, and banks. The firm’s flagship platform offers advisors and their clients access to a curated menu of private equity and hedge funds at lower minimums with a full suite of due diligence and administrative support in a secure digital environment. Asset managers and banks leverage iCapital Network’s tech-enabled services to streamline and scale their private investments operational infrastructure.