Wealth Enhancement Group has teamed up with CAIS to supply a personalized alternate options platform answer to the agency’s quickly rising community of advisors.
Claiming greater than $57.7 billion in whole shopper belongings throughout greater than 360 advisors, Minneapolis-based WEG is among the many largest RIA aggregators within the nation. The brand new partnership integrates a personalized model of the CAIS various investments platform into WEG’s present community of advisors, offering entry to an evolving menu of other funding funds and merchandise, in addition to academic sources, end-to-end digitized transaction processing and third-party reporting integrations.
Based in 2009, CAIS works with greater than 6,600 advisory groups overseeing greater than $2.5 trillion in whole shopper belongings. All funds listed by CAIS are topic to due diligence and ongoing monitoring by Mercer Capital, and reviews and fund scores can be found to all advisors on the CAIS platform.
“We’re thrilled to accomplice with a agency that’s dedicated to assembly the distinctive wants of the unbiased wealth administration group,” mentioned WEG CEO Jeff Dekko, who will probably be talking subsequent week on the inaugural CAIS Various Funding Summit at The Beverly Hilton in Los Angeles. “CAIS will ship a centralized platform answer that gives digitized funding choice, transaction processing and built-in reporting, making a seamless various investing expertise for our advisors and their purchasers.”
Beneath the brand new partnership, WEG advisors will obtain entry to a tailor-made menu of diversified funding merchandise throughout asset courses comparable to non-public fairness, non-public actual property, non-public credit score, enterprise capital, hedge funds and structured options. CAIS may even help WEG in including their very own sourced third-party funds to the platform for centralized monitoring, transacting and reporting, in addition to the launch of proprietary feeder funds and multi-manager funds.
“With the addition of Wealth Enhancement Group, CAIS stays devoted to empowering the nation’s main RIA aggregators, together with Mariner Wealth Advisors, Focus Monetary Companions and Advisor Group,” mentioned CAIS CEO Matt Brown. “As a number of elements gas uncertainty all through public markets, the necessity to equip unbiased advisors with entry to high quality various investments has by no means been better.”
Practically 70% of economic professionals cite an absence of academic sources as a barrier to personal markets investing, based on CAIS analysis. WEG additionally expects to profit from the CAIS IQ proprietary various funding schooling platform. CAIS IQ additionally permits house workplace professionals to observe monetary advisors’ studying progress throughout quite a lot of programs, a few of which can be found for CE credit.
Based in 1997, WEG now serves greater than 45,500 households and is increasing quickly by means of natural progress and acquisitions. Whereas recommendation is obtainable by means of its RIA, Wealth Enhancement Advisory Companies, a few of the agency’s funding advisor representatives are additionally registered representatives of and provide securities by means of LPL Monetary. Roughly $4 billion of WEG’s shopper belongings are held in brokerage belongings.