iCapital is working with Anthropic as it seeks to use AI to support client experience linked to alternatives, structured investments and annuities on its platform.
The company is integrating Anthropic’s Claude models as part of broader efforts to strengthen platform tools used by advisers, product providers and their clients across the investment lifecycle, covering education, workflows and insights.
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iCapital plans to apply Claude’s reasoning and interpretability in a compliance-first environment to support client solutions across its platform.
The company added that these capabilities align with its data-rich infrastructure and are intended to underpin enterprise-grade tools to help advisers and product providers work through complexity and draw out insights.
Within its engineering organisation, iCapital has already introduced Claude Code into development workflows, which it said has shortened build cycles and enabled quicker iteration of platform features.
The company said that experience contributed to the decision to deploy Anthropic’s models more widely.
Initial use cases are expected to focus on adviser-facing workflows, client enablement and product provider engagement.
iCapital CEO and chairman Lawrence Calcano said: “AI’s value isn’t novelty – it’s foundational to improving outcomes across the ecosystem and for those who rely on our platform every day.
“We chose to work with Anthropic because Claude’s capabilities align with the institutional-grade standards required to do that responsibly. Our AI strategy is focused on supporting advisors and product providers with the tools and technology to help them service their clients more effectively.”
In March, iCapital and BlackRock’s Aladdin Wealth platform entered a new partnership to connect iCapital’s alternative investment technology platform with Aladdin Wealth.
Recently, Goldman Sachs removed access to Anthropic’s AI models for its banking staff in Hong Kong.
