BNY and iCapital Join Forces to Improve Alternative Investing
BNY and iCapital have teamed up to simplify access to alternative investments for wealth managers and financial advisors.
This new partnership connects BNY Pershing’s Wove and Alts Bridge platforms with iCapital’s digital infrastructure, creating a smoother investment experience.
As a result, advisors will now find it easier to offer clients alternative assets, such as private equity, credit, and hedge funds.
Notably, the keyphrase “alternative investments” is central to this story, as both companies aim to make them more accessible and scalable.
How the Integration Works
BNY’s wealth clients using Wove will now be able to access iCapital directly, thanks to a seamless system integration.
This will allow wealth advisors to manage traditional and alternative investments in one single dashboard, giving them a broader view.
Moreover, clients gain access to funds on both iCapital’s platform and through BNY’s Alts Bridge, creating more flexibility and reach.
Because of this collaboration, wealth managers can now move faster while helping their clients diversify portfolios with more confidence.
Why This Partnership Matters
Previously, access to alternative investments often required manual processes and lacked transparency, causing friction for both advisors and clients.
Now, this joint solution from BNY and iCapital improves automation and increases visibility into fund offerings, pricing, and performance data.
As a result, advisors can better focus on client needs while the platform handles most of the heavy lifting behind the scenes.
This helps ensure that clients receive tailored investment strategies that combine both traditional and alternative investments seamlessly.
Executive Views on the Alliance
Ainslie Simmonds, who oversees BNY’s wealth service platform, shared her thoughts on the collaboration with iCapital.
She said, “We are helping unlock better access for advisors to alternatives by offering a streamlined, full-service investment platform.”
She also noted that Alts Bridge and Wove, powered by iCapital, will provide a user experience not available elsewhere today.
Similarly, Steve Houston from iCapital called the partnership a powerful tool for advisors working to scale their services effectively.
Better Tech, Better Outcomes for Advisors
This partnership supports advisors with better tools, smoother workflows, and less time spent on complex, manual investment processes.
By integrating digital access to alternative investments, the combined platform boosts efficiency, transparency, and ease of use.
Therefore, advisors can spend more time on what matters—helping their clients build stronger portfolios and meet financial goals.
And with this strategic move, BNY and iCapital are setting a new benchmark for wealth technology partnerships in financial services.
Conclusion: A Smarter Way to Access Alts
As interest in alternative investments continues to grow, this integration marks a major step toward smarter wealth management solutions.
Because BNY and iCapital have simplified the process, more advisors will now be able to offer these valuable options.
Overall, this alliance provides a better way to grow client portfolios, manage risk, and stay competitive in a changing market.
Indeed, with platforms like Wove and Alts Bridge connected to iCapital, the future of investing is easier and more accessible than ever.