Saturday, April 13, 2024

iCapital Scoops Up Mirador | ThinkAdvisor

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Selection-investments platform providor iCapital says it’s obtaining Mirador, which makes a speciality of funding information aggregation and monetary reporting. As a part of the deal, over 180 Mirador workers are anticipated to enroll in iCapital, which has 1,200 group of workers participants and works with just about $181 billion in platform belongings international.

The purchase manner iCapital can amplify its information control and reporting functions to create a “extra enhanced era revel in” for shoppers within the wealth control, circle of relatives workplace, endowment and basis segments, the firms stated. Phrases of the settlement weren’t disclosed.

“Mirador has set the trade same old for managing information with main third-party efficiency reporting suppliers,” iCapital Chairman and CEO Lawrence Calcano defined in a observation.

“This acquisition additional complements and broadens the provider type iCapital delivers thru our market-leading choice funding running machine and permits us to ship on our objective of making a competent end-to-end information control capacity for the trade,” Calcano added.

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