Keep pulling the thread on Lawrence Calcano.
iCapital services over a trillion dollars in client assets on its platform.
iCapital has made 24 acquisitions and has a strategy of fully integrating every company it purchases.
iCapital is in the process of closing its acquisition of Hexure, a company that provides an electronic application for annuities, to complete its annuities technology vertical.
Since its founding in 2013, iCapital has become the dominant financial technology platform for alternative investments.
Despite the dot-com crash, the actual adoption rate of the internet by consumers and businesses ultimately exceeded the most optimistic projections of that era.
Major technology companies of a previous era, such as DEC and Wang, were displaced by the shift to client-server architecture, and those firms were later displaced by the rise of the internet.
Companies like Borders failed because they did not adapt their business models to the technological shift brought by e-commerce platforms like Amazon.
The real-world impact of major new technologies consistently takes longer to materialize than the initial hype cycle suggests.
A significant trend in wealth management has been the movement of advisors to the independent RIA model, resulting in hundreds of billions to trillions of dollars being managed by these firms.
When iCapital was founded, large wirehouse firms lacked dedicated technology platforms for managing alternative investments, relying instead on manual, people-driven processes.
iCapital's business model is a B2B2C (business-to-business-to-consumer) model, focusing on providing its platform to financial advisors rather than directly to end-investors.
iCapital offers large financial advisory firms a white-label platform that serves as an operating system for their alternative investments, structured investments, and annuities businesses.