American wealth management firm Janney Montgomery Scott has teamed up with iCapital Network to provide its advisers technological expertise and product insights to help them deepen their relationship with clients.
Under the agreement, iCapital will Janney’s financial advisers access to a white-label version of its alternative investing platform.
Furthermore, they will also get access to curated menu of private equity and hedge funds, iCapital said in a press statement.
iCapital added that its research and due diligence team will also offer a wide range of diverse alternative investment offerings within the fund menu.
Janney’s financial advisers will also be offered educational and detailed product support by iCapital.
Janney Montgomery Scott head of wealth management Kevin Reed said: “This new partnership substantially enhances Janney’s alternative investment offering and provides our financial advisers with access to a diverse menu of industry leading hedge fund and private equity managers.
“The broadening of Janney’s alternatives platform will immediately strengthen our ability to deliver a more comprehensive set of solutions to our clients.”
iCapital Network CEO Lawrence Calcano said: “We are thrilled to partner with such a significant presence in the broker-dealer marketplace and we look forward to helping Janney financial advisers augment the strength of their client portfolios with alternative investment opportunities.
“We are committed to providing the industry with the technological expertise and product insights necessary to support advisors in deepening their client relationships.”