Sanctuary Wealth, CAIA Partner on Alts Education Program
Sanctuary Wealth launched the Sanctuary Wealth AltVantage Program (SWAP) in collaboration with the Chartered Alternative Investment Analyst Association (CAIA), the global professional body for the alternative investments industry.
SWAP will offer Sanctuary partner firms complimentary access to the Fundamentals of Alternative Investments (FAI) certificate program on the UniFi by CAIA platform, which launched in 2022, through a sponsorship with asset managers Franklin Templeton and FS Investments.
The program educates advisors to position alternative investments in a client’s portfolio and communicate their benefits, drawbacks, and implementation considerations.
The initiative will be led by Patrick McGowan, head of manager research and alternative investments at UniFi, who was recently appointed to the CAIA Advisory Council. He will lead the inaugural cohort of Sanctuary partner firms in the FAI certificate program.
“SWAP represents a pivotal opportunity for our partner firms to deepen their understanding of the alternative investment landscape,” said McGowan. “With projections indicating a potential $20 trillion influx of capital into the alternative space in the coming years, it’s crucial that our partner firms are well equipped to navigate and capitalize on these opportunities for our clients.”
The FAI program, which is intended to assist advisors in better integrating alternative investments into their clients’ portfolios, includes strategies such as private equity, private credit, real assets, and hedge funds, and it takes a goals-based approach to implementation. Upon passing a quiz at the end of each module, participants will receive a certificate of completion and a digital badge. The program is 15 hours and qualifies for CE credit from the CFP® Board, IWI, CIRO, and NASBA.
“When implemented correctly, alternative investments can enhance client outcomes, but they also bring more complexities than traditional markets and therefore require further education,” added Aaron Filbeck, managing director and head of UniFi by CAIA at CAIA Association.
Currently, the Sanctuary Wealth network includes more than 120 partner firms in 30 states nationwide, with approximately $42 billion in assets on its platform.