Scivantage, Relationship Science also announce new offerings
As of March 31, iCapital services more than $2 billion for investors in over 40 private offerings, the company said in a statement. The network hosts approximately 1,500 qualified investors and advisors who together manage more than $1.7 trillion in investable assets.
Nick Veronis, iCapital co-founder, managing partner and head of origination and due diligence, added, “Since iCapital’s inception, our focus has been the democratization of institutional-quality alternative investments. We look forward to continuing our conversations with the general partner community on an expanded range of alternative products as we develop our accredited offerings, while retaining the high standards we have set for the platform to date.”
On Wednesday, technology platform Relationship Science launched a targeted news monitoring service that aims to compete with Google Alerts.
Relationship Science’s News & Alerts tool lets users refine their alerts beyond simple keywords and phrases. The tool also searches Relationship Science’s proprietary database of regulatory filings and government databases.
Relationship Science also provides professionals with profiles of businesses and influential people in their industry.
“We’ve already had a lot of success helping both enterprises and individuals unlock the hidden value of their relationships,” Domenic Graziosi, CEO of Relationship Science, said in a statement. “Now we’re making it easier than ever for our users to stay on top of the important news impacting their businesses.”
(Related: AI Platform Trawls Internet for Bond Data)
Scivantage announced a new digital interface on Tuesday that will help advisors give their clients a comprehensive view of their investments.
Wealthsqope is a digital wealth tool that can be used across all investment channels and operating models, including self-directed, advisory, robo and trust firms. It’s available as a holistic, turnkey or tailored solution.
“Consumers are comfortable living digitally and want to manage all aspects of their financial lives online, from any device,” Joe Stensland, chief commercial officer of digital wealth at Scivantage, said in a statement. “Wealthsqope empowers wealth management firms to deliver a unified digital client experience that meets and exceeds consumers’ expectations, enhancing a firm’s ability to attract, retain and grow client assets.”
Earlier this month, SaaS-based valuation tool Truelytics announced that it is offering a free version of its platform to financial advisors.
Truelytics is a software-as-a-sevice application that estimates the value of advisory firms. The firm announced on April 21 that it has created a free version that shows advisors their Truelytics Score, a weighted average based on the firm’s business, client and market stability ratings. Advisors who pay for a subscription will receive a detailed breakdown of over 40 key performance indicators with tips for how to make improvements.
“Every business owner should know how much their firm is worth,” Terry Mullen, CEO of Truelytics, said in a statement. “Unfortunately, in our industry many advisors don’t think of themselves as business owners and therefore don’t know or focus on their value.”