Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

iCapital Closes Acquisition of Advisor Platform Simon Markets.

Document Cited in Related
Vincent

MANews-(C)2009-2022

US-based asset and wealth management industries fintech platform iCapital has closed the acquisition of fintech company Simon Markets, the company said.

Simon is a technology platform facilitating structured investments and annuity products with more than USD 48bn of issuances in 2021.

Through deeply embedded technology, Simon delivers integrations across 50 plus product manufacturers and 50 plus wealth managers including the largest IBDs, bank/regional broker dealers and private banks, and more than 100 RIAs, as well as platform access to more than 100,000 advisors.

Simon brings transparency to the industry, streamlines workflows for advisors, and creates scalable distribution for product manufacturers.

iCapital is a industry alternatives platform, servicing more than USD 125bn in platform assets and employing more than 800 people globally.

The deal will significantly expand iCapital's investment menu, and augment its technical capabilities, education offerings and support services for wealth managers.

Simon offers an end-to-end digital suite of tools, on-demand education, marketplace, real-time data and analytics, and life-cycle management.

Its platform also includes Simon Spectrum, a multi-dimensional allocation analysis and portfolio construction tool designed to evaluate how structured investments and/or annuities may fit into a portfolio.

The combined capabilities of these platforms will deliver a best-in-class experience for financial professionals.

Under the agreement, Jason Broder, chief executive...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT