Key Takeaways
- • Kestra Financial, the Austin, Texas-based wealth management platform, announced an expanded strategic partnership with iCapital to enhance alternative investment offerings for its advisors.
- • The enhancements include access to private equity, private credit, real estate, infrastructure, and hedge fund products, along with reduced minimum investment requirements.
- • Kestra advisors gain single sign-on access to the Advisor Complete portal, additional due diligence from the iCapital team, and a simplified subscription process.
- • The partnership builds on more than five years of collaboration and is aimed at reducing back-office workload so advisors can spend more time with clients.
- • Kestra oversees $103 billion in assets under advisement and supports more than 1,700 independent financial professionals.
Summary
Kestra Financial, a leading independent wealth management platform headquartered in Austin, Texas, announced an expansion of its strategic partnership with iCapital, the global fintech platform that powers the alternative investment marketplace. The company said the expanded collaboration is designed to give Kestra advisors and their clients a more seamless experience when accessing alternative investments through iCapital's technology platform.
The partnership has been in place for more than five years as a customized technology offering for Kestra advisors seeking alternative investment products. The enhanced arrangement adds a broader product range spanning private equity, private credit, real estate, infrastructure, and hedge funds; reduced minimum investment requirements; real-time access to detailed product information and updates; additional due diligence from the iCapital team; single sign-on functionality with the Advisor Complete portal; and a simplified submission process. Kestra said these changes should streamline subscriptions and reduce administrative friction, allowing advisors to extend their investment offerings while spending less time on back-end processes.
John Amore, EVP of Wealth Management at Kestra Financial, said the enhancements reflect the firm's commitment to equipping advisors with tools to deliver value and service to clients. Steve Houston, Managing Director and Co-Head of iCapital Solutions, said the integration gives Kestra's advisors a comprehensive platform to research, market, and transact in private markets.
Kestra Financial, a division of Kestra Holdings established in 1997, supports independent financial professionals and wealth management firms, including traditional and hybrid RIAs, with personalized support and integrated business management technology. The firm oversees $103 billion in assets under advisement and supports more than 1,700 independent financial professionals.
The partnership has been in place for more than five years as a customized technology offering for Kestra advisors seeking alternative investment products. The enhanced arrangement adds a broader product range spanning private equity, private credit, real estate, infrastructure, and hedge funds; reduced minimum investment requirements; real-time access to detailed product information and updates; additional due diligence from the iCapital team; single sign-on functionality with the Advisor Complete portal; and a simplified submission process. Kestra said these changes should streamline subscriptions and reduce administrative friction, allowing advisors to extend their investment offerings while spending less time on back-end processes.
John Amore, EVP of Wealth Management at Kestra Financial, said the enhancements reflect the firm's commitment to equipping advisors with tools to deliver value and service to clients. Steve Houston, Managing Director and Co-Head of iCapital Solutions, said the integration gives Kestra's advisors a comprehensive platform to research, market, and transact in private markets.
Kestra Financial, a division of Kestra Holdings established in 1997, supports independent financial professionals and wealth management firms, including traditional and hybrid RIAs, with personalized support and integrated business management technology. The firm oversees $103 billion in assets under advisement and supports more than 1,700 independent financial professionals.
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