Enhanced capabilities enable advisors to allocate and manage the investment lifecycle of complex products at scale within a single portfolio framework
iCapital, the global fintech company shaping the future of investing, and Envestnet, the leading Adaptive WealthTech company, announced an expanded strategic partnership that further enables access to iCapital’s alternative investments capabilities within Envestnet’s Unified Managed Account (UMA) platform.
Advisors can now access iCapital’s technology platform through Envestnet and utilize UMAs to incorporate alternatives and structured investments alongside traditional public market holdings within a single account structure. Through workflows connecting iCapital’s technology into Envestnet’s advisor-traded sleeves, advisors gain access to a seamless experience across portfolio construction, implementation, and ongoing oversight as alternatives play an increasingly central role in diversified portfolios.
“As alternatives increasingly become a core component of portfolios, advisors need a practical way to implement them alongside traditional assets,” said Gary Gallagher, President of iCapital. “Embedding iCapital into Envestnet’s UMA platform allows advisors to incorporate alternatives and structured investments within a single account structure, supporting diversification, scale, consistency, and day-to-day execution across client portfolios.”
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Through this expanded capability, advisors can leverage single sign-on (SSO) functionality to access iCapital’s platform experience, helping reduce friction across key stages of the investment process. Advisors will be able to access alternative investments and structured investments through iCapital’s platform experience within Envestnet, while maintaining consistency with broader portfolio management and reporting workflows.
“We’re focused on giving advisors the ability to bring the full spectrum of investment opportunities into a unified portfolio experience,” said Dana D’Auria, CFA, Co-Chief Investment Officer and Group President, Envestnet Solutions. “Expanding our work with iCapital is about extending that vision, making it easier for advisors to deliver more sophisticated portfolios within a single, cohesive framework.”
This expansion builds on the broader iCapital–Envestnet partnership, which continues to evolve as advisors adopt more complex portfolio strategies. Recent developments include Envestnet onboarding two products managed by iCapital–iDPC, a private credit fund, and ODS (Outcome Defined Strategy), a structured investments SMA, making both available within portfolios and models on the Envestnet platform.
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