CAIS, New York based financial technology platform that provides independent wealth channels with access to the alternative investments, announced securing US$ 50 million Series B investment as equity funding on 19th November 2020.
The equity funding was led by Eldridge which is a holding company that has its network of enterprises in domains of entertainment, technology, real estate and finance. With the funding, they also announced Todd Boehly, CEO and co-founder of Eldridge, will be joining the board of directors of CAIS. They are planning to use this fresh funding for their continued investment in innovative technologies, analytics and data. They will also be expanding their education platform and thereby enhance the overall experience of the users.
This equity funding was a result of their exceptional record growth of 2019 and convincing strong performances this year. The CAIS platform is the first completely open marketplace available for alternative investments. The platform enables asset managers and financial advisors to engage and transact on a large scale directly. The platform is based on four pillars; Access, Learn, Transact and Diligence. The platform is in use by more than 3,200 unique advisor firms and teams that combine over US$ 10 billion transaction volume and network assets worth US$ 1.2 trillion for accessing evolving options of alternative investment products and funds that include private credit, hedge funds, real estate, digital assets and private equity. CAIS platform is the choice of some of the country’s largest custodians like Pershing, Schwab and Fidelity.
They have built a modern technology based platform to empower the financial advisory teams with access to unmatched alternative investments. They have made the wealth management ecosystem quicker, cost-effective and easier for allocation of alternative investments by establishing trusted relationships with asset managers, service providers, custodians and financial advisors.
The CAIS IQ
They also offer CAIS IQ for transforming the field of advisor education. It is a personalized and empowering learning system that uses artificial intelligence for helping financial advisors to master their knowledge of alternative investments and improving their client outcomes. It is a mobile and modular system that offers CE credits.
About CAIS
CAIS was founded in 2009 by Matt Brown and Jeremy Norton. The financial technology platform helps financial advisors to access alternative investment products. The fund offerings listed over the CAIS platform are complemented by Mercer’s due diligence and constant monitoring. Mercer fund ratings and diligence reports are available over the CAIS platform for the advisors.
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