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Alternative Assets  |  December 21, 2023
NewEdge Wealth Adds iCapital to Alts Platform
By: Joe Palmisano

NewEdge Wealth Adds iCapital to Alts Platform

NewEdge Wealth, a registered investment advisor, and wealth tech platform ICapital announced a strategic partnership to provide NewEdge Wealth’s financial advisors and their high-net-worth clients access to a range of alternative investing opportunities, including private equity, private credit, real estate and hedge funds.

The partnership includes a customized technology offering and also enables advisors to purchase structured investment products.

iCapital’s technology solution automates the subscription, administration, operational and reporting processes for the life of the investment funds. As part of the partnership, advisors also gain research, due diligence, educational materials and investment product training.

“iCapital is a clear leader in the industry, and with the ever-increasing demand for alternative investments from high-net-worth and ultra-high-net-worth investors accelerating, we are thrilled our advisors benefit from iCapital’s cutting-edge technology,” Rob Sechan, NewEdge Wealth’s CEO and co-founder, said.

NewEdge Wealth, a division of NewEdge Capital Group, LLC. has over $42 billion in client assets.

iCapital services over $166 billion in global client assets.

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NewEdge WealthICapital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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