iCapital Network, a fintech providing access to alternative investments, announced on Thursday it is set to acquire the assets of AI Insight, Inc., an alternative investment education and compliance platform. According to iCapital Network, the AI Insight platform offers financial advisors investment research, training, qualification, and compliance support for a broad range of alternative investments, including private capital, hedge funds, non-traded REITs and BDCs, and alternative mutual funds.
iCapital Network further revealed that AI Insight’s learning management system provides unbiased, fund-specific e-learning modules on private investment strategies to independent broker dealers and registered investment advisors focused on expanding the scope of products available to their clients.
“Advisors can study the specific structure, methods, and performance of a fund, and complete an assessment to demonstrate their mastery of the fund information, fulfilling their compliance and regulatory commitments, all within a single workflow.”
Lawrence Calcano, Chairman and CEO of iCapital Network, spoke about acquiring AI Insight by stating:
“The acquisition of AI Insight supports our ongoing mission to equip independent advisors with comprehensive education and resources to ensure they are fully versed in the complexities of these funds and how they are best integrated in client portfolios.”
Under the agreement, Sherri Cooke, President and CEO, and Jennifer Simon, COO of AI Insight, and eight additional AI Insight employees are expected to join the iCapital team to ensure the quality of ongoing services to AI Insight’s clientele.