BridgeFT and iCapital Partner to Launch Comprehensive Portfolio Data Solution for Wealth Managers

BridgeFT, a cloud-native, API-first wealth infrastructure software company, and iCapital, the global fintech platform driving the world's alternative investment marketplace, have announced a partnership to deliver a comprehensive data solution across all asset classes for the wealth management industry. This collaboration addresses the significant challenge financial advisors face in accessing, standardizing, and analyzing comprehensive data as they navigate increasingly complex portfolios spanning public securities, private market investments, structured investments, annuities, and direct off-platform investments.

The partnership provides a unified, scalable, and intelligent solution designed to empower advisors by offering a complete view of client portfolios across asset classes and thousands of positions both on and off iCapital's platform. Dave Hagen, BridgeFT's Chief Commercial Officer, stated that increased appetite for alternative investments is driving demand for comprehensive investment views, emphasizing their commitment to being a technology enabler for advisors. The solution combines iCapital's Alternative Data Management service, which leverages machine learning and AI for data retrieval, transformation, validation, and delivery, with BridgeFT's ability to consolidate custodial and transactional data across public market platforms.

This integration provides advisors with unprecedented insight into portfolio performance, risk, liquidity, and allocation strategy. Dan Vene, Co-Founder and Co-Head of iCapital Solutions, noted that the partnership reflects their commitment to providing innovative data solutions and enhanced advisor and client experiences, enabling advisors to work more efficiently, access real-time data, make smarter decisions, and deliver superior service. iCapital has been added to BridgeFT's WealthTech API Marketplace at https://www.bridgeft.com/, which offers the wealth market direct access to partners reshaping wealth management technology with API-first data and application services pre-integrated with BridgeFT's infrastructure.

The Marketplace aims to accelerate, simplify, and reduce the cost of wealth management application development and maintenance, providing financial institutions with tools to deliver better, data-driven outcomes for their clients. This partnership represents a significant advancement in addressing the data fragmentation challenges facing wealth managers as client portfolios become increasingly diversified across traditional and alternative asset classes.