Key Takeaways
- • CAIS, an alternative investment platform for independent financial advisors, was selected by Advisor Group to provide a customizable platform for alternative investment access, education and transaction workflow.
- • Advisor Group, described as the nation's largest network of independent wealth management firms, serves approximately 10,100 financial advisors overseeing more than $515 billion in client assets.
- • Advisor Group's advisors will gain access to a curated menu of hedge funds, private equity, real estate and private credit products, with all funds subject to Mercer's third-party independent due diligence.
- • The partnership follows CAIS's securing of over $325 million in growth capital from Apollo, Motive Partners, Franklin Templeton, Reverence Capital Partners and Stone Point Ventures, which values the company at more than $1.1 billion.
Summary
CAIS announced that Advisor Group has selected its platform to provide alternative investment access, education and transaction workflow for Advisor Group's financial professionals, according to a Business Wire release dated May 5, 2022. Advisor Group, which bills itself as the nation's largest network of independent wealth management firms, serves approximately 10,100 financial advisors overseeing more than $515 billion in client assets.
Through the CAIS platform, Advisor Group's advisors will be able to access a curated menu of alternative investment products, including hedge funds, private equity, real estate and private credit. All funds will undergo due diligence from Mercer, which the release says gives Advisor Group's home office and advisors additional confidence in fund selection. Shannon Larson, SVP, Platform Management and Product Development at Advisor Group, said the firm chose CAIS for its flexibility to customize the product menu, simplify transactions and integrate with Advisor Group's wealth management ecosystem, serving clients from high-net-worth to mass-affluent.
CAIS states that its platform integrates with Advisor Group's third-party custodians and reporting providers, automating reporting and document workflows. The company also highlighted CAIS IQ, a personalized learning system that allows Advisor Group's home office to monitor advisors' progress on fund-specific courses and access foundational and asset class-themed courses eligible for CE credits. Larson said the courses are intended to help advisors allocate to alternatives with confidence while meeting the firm's compliance requirements.
CAIS founder and CEO Matt Brown said the company was pleased to be Advisor Group's solution. The announcement follows CAIS's securing of over $325 million in growth capital from Apollo, Motive Partners, Franklin Templeton, Reverence Capital Partners and Stone Point Ventures, which values the company at more than $1.1 billion. The release also states that CAIS has facilitated over $17 billion in cumulative transaction volume since its 2009 founding.
Through the CAIS platform, Advisor Group's advisors will be able to access a curated menu of alternative investment products, including hedge funds, private equity, real estate and private credit. All funds will undergo due diligence from Mercer, which the release says gives Advisor Group's home office and advisors additional confidence in fund selection. Shannon Larson, SVP, Platform Management and Product Development at Advisor Group, said the firm chose CAIS for its flexibility to customize the product menu, simplify transactions and integrate with Advisor Group's wealth management ecosystem, serving clients from high-net-worth to mass-affluent.
CAIS states that its platform integrates with Advisor Group's third-party custodians and reporting providers, automating reporting and document workflows. The company also highlighted CAIS IQ, a personalized learning system that allows Advisor Group's home office to monitor advisors' progress on fund-specific courses and access foundational and asset class-themed courses eligible for CE credits. Larson said the courses are intended to help advisors allocate to alternatives with confidence while meeting the firm's compliance requirements.
CAIS founder and CEO Matt Brown said the company was pleased to be Advisor Group's solution. The announcement follows CAIS's securing of over $325 million in growth capital from Apollo, Motive Partners, Franklin Templeton, Reverence Capital Partners and Stone Point Ventures, which values the company at more than $1.1 billion. The release also states that CAIS has facilitated over $17 billion in cumulative transaction volume since its 2009 founding.
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