(HedgeCo.Net) The long-anticipated convergence between traditional wealth management and alternative investments took a decisive step forward this week, as iCapital and Envestnet announced a sweeping expansion of their strategic partnership. At the core of the announcement is a structural innovation that could reshape the retail investment landscape: the seamless integration of private markets into Unified Managed Accounts (UMAs).
For years, industry participants have spoken about the “democr...
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