The wealth manager will use the SaaS offering from CAIS.
CAPTRUST, the US
financial advisory firm with more than $800 billion in client
assets under advisement, has chosen CAIS to put all its alternative
investment products and processes onto a single platform.
The firm’s advisors will use CAIS’ software-as-a-service
technology.
“Working with CAIS will play a critical role in eliminating the
operational burdens typically associated with investing in
alternatives and creating a more streamlined and scalable
solution for our clients,” Michael J Vogelzang, managing director
and chief investment officer at CAPTRUST, said.
The SaaS offering is powered by CAIS’ technology and enables
independent financial advisors to centralize their fund positions
– no matter where they are sourced – through automated processes
across the entire alternative investment lifecycle.
The CAIS platform also provides integration into CAPTRUST’s
custodians and reporting providers, including BNY Mellon’s
Pershing, Fidelity, Charles Schwab, and Black Diamond.
In recent arrangements, CAIS expanded its relationship with
Baird, the wealth and
asset manager.
CAIS is a business that is designed to improve access to
alternative investments such as private equity, credit,
infrastructure, real estate and hedge funds. Similar
organizations include iCapital in the US and Moonfare in
Germany.
