Category Archives: CAIS

CAIS Hires Advisor I/O’s Alex Cavalieri as Director of Marketing Operations

CAIS Hires Advisor I/O’s Alex Cavalieri as Director of Marketing Operations

October 4, 2022 | Diana Britton | WealthManagement.com

Alex Cavalieri, the co-founder and former head of strategy at Advisor I/O (formerly Seven Group), has left the financial advisor marketing platform to join CAIS, as director of marketing operations.

Cavalieri is best known for building Seven Group, the marketing, practice management and content platform, which launched in 2020. The company was acquired by CION Investments Group, an alternative investment solutions platform, in July 2022, and rebranded as Advisor I/O. He was also the host of the popular “Advisor Lab” podcast.

“The team that worked alongside Alex and us to build, launch and grow Advisor I/O over the past three years is continuing to execute our mission of helping advisors scale their marketing efforts in a digital world,” said Michael A. Reisner, co-CEO of CION, in an emailed statement. “In the current environment of market volatility, lower asset values and uncertainty about the future, marketing is even more critical to advisors. We see Advisor I/O as a key element of our commitment to the advisor community.”

In his new role at CAIS, Cavalieri will oversee content, digital and project management, reporting directly to Abby Salameh, who was brought on last November as CMO. He’ll be helping Salameh build on the work she and her team have done over the last year.  

“We had very strong alignment very quickly as it relates to what she foresees is the vision of not only the marketing organization, but the CAIS brand and where the platform is going,” Cavalieri said. “I’m going to help build out what we’re doing from a content and digital perspective—scaling out our processes, from a technology standpoint, automation standpoint and then also how we’re building out our content ecosystem.”

One of his tasks is to build on the digital engagement of CAIS’s educational platform, CAIS IQ, which helps advisors prepare to talk to clients about alternatives.

“You look at the alts space—to the end investor it’s still fairly new from a mass audience standpoint, relative to the market and every other asset class,” he said.

He’ll also be working on how the marketing organization can better utilize data that’s feeding into different parts of the company.

“There are a few data initiatives that we’ve identified and that we can start to tackle, and that’s everything from your traditional dashboarding of marketing activities and different things like that and also to really understanding how we can continue to evolve our data within the firm and how it’s being looked at and analyzed,” he said. “And then the other part of that is really figuring out areas of optimization across automation from advisor communications to internal communications and also making sure that we’re able to provide as much of a personalized experience as we can to the advisor.”

The CAIS platform has been growing quickly the past few years, and recently expanded its relationships with large enterprises, such as Advisor Group and Focus Financial Partners. In April, the company announced a $100 million continuation of a January funding round that saw the company valued at more than $1 billion. The $100 million investment came from Reverence Capital Partners, which gave it a seat on CAIS’ board of directors, filled by Milton Berlinski, managing partner at Reverence.

Recession

Recession and Resilience: Looking to Leading Indicators

Recession and Resilience: Looking to Leading Indicators

August 5, 2022 | Andrew Snyder, Linge Sun, & Nicholas Reade | CAIS

The Fed continues navigating what appears to be an ever-finer line between a hard and soft landing for the U.S. economy. We look past the most recent GDP estimate to leading economic indicators that have historically proven to have greater predictive power to signal turning points in the economy1 in an attempt to better understand the probability of an impending recession.

As recession risks appear to rise, investors may find opportunities in alternative investments to attempt to increase the protection of their portfolios and seek to take advantage of potentially worsening economic conditions.

Strategies designed to enable capital preservation, like protection-focused notes, and those that can provide portfolio diversification, like hedge funds, may be particularly impactful in recessionary periods. In addition, special situations and distressed debt strategies may enable investors to access opportunities that typically arise as companies navigate a challenging environment of higher interest rates and increasing economic uncertainty.

Leading Indicators with Predictive Power2

GDP has been estimated to have fallen for the second consecutive quarter into 2022. Meanwhile, the Fed3 and the White House4 have emphasized that they do not believe the U.S. is currently in a recession and rebuffed the view that a recession is officially inaugurated through two consecutive contractions of GDP.

While the topic of GDP’s contribution to the definition of recession has been a hotly debated topic, it is important to remember that GDP growth is a lagging indicator of the state of the economy.5 To analyze the risk and potential severity of a recession, we look beyond GDP and through the slew of economic data to focus on indicators which tend to change in advance of the rest of the economy—specifically those statistically compelling in signaling past U.S. recessions (Exhibit 1).6

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CAIS and BNY Mellon’s Pershing Unveil New Features to Streamline Alternative Investing for Financial Advisors

CAIS and BNY Mellon’s Pershing Unveil New Features to Streamline Alternative Investing for Financial Advisors

June 30, 2022 | CAIS

New integrations including SSO, enhanced Document APIs, and automated Order Entry will help to tackle challenges and improve advisor experiences

CAIS, the leading alternative investment platform, and BNY Mellon’s Pershing (“Pershing”), a leading provider of clearing and custody services, today announced a series of updates to the CAIS platform that will seek to enhance alternative investment product access and order processes, as broker-dealers and financial advisors allocate to new asset classes on behalf of their clients.

“Outdated manual processes have been one of the major barriers to alternative investment fund allocation for the independent wealth management community,” said Matt Brown, Founder and CEO, CAIS. “As access to alternatives goes mainstream, our collaboration with Pershing highlights CAIS’s ongoing commitment to supporting advisors as they transact, and report on, the full spectrum of alternative investments.”

The expanded partnership between CAIS and Pershing offers a new level of integration that seeks to make investing in alternatives faster, more secure, and convenient for advisors. Among its new features is the automation of submitting order forms, enabled by API connectivity between CAIS and Pershing’s NetX360® investment platform. Eliminating the need for manual order entry is intended to lower the risk of transfer errors or lost forms, increase data security, and reduce the number of steps required by advisors, investors, and fund providers.

“We are pleased to expand on this partnership with CAIS that will enhance the alternative investing capabilities being offered to advisors,” said Justin Fay, Director, Global Strategy and Product Management, BNY Mellon’s Pershing. “As investor demand for alternatives continues to grow, our priority is to make all aspects of the process more efficient and less time consuming.”

The updates build on CAIS and Pershing’s existing partnership, which automated manual transaction and documentation processes to reduce human error potential and improve advisors’ ability to browse, research, and allocate to alternative investments. CAIS has also introduced Single Sign-On (SSO) for broker-dealers and RIAs working with Pershing. The authentication scheme should allow users to securely access independent software applications using a single set of credentials. CAIS anticipates that the result will be improved time management, lower IT costs inside advisory and brokerage firms, and mitigation of risks tied to enterprise fragmentation.

CAIS offers broker-dealers and financial advisors a choice between a complete end-to-end platform solution or a customized, modular service for specific advisor-sourced funds and strategies. Financial advisors and independent broker-dealers who use CAIS via Netx360® also have access to CAIS IQ, a proprietary learning system that helps users learn faster and retain information longer. Private funds available through CAIS undergo independent investment and operational due diligence performed by Mercer.

This announcement follows CAIS securing over $325 million in growth capital from Apollo, Motive Partners, Franklin Templeton, Reverence Capital Partners, Stone Point Ventures, and Hamilton Lane, which values the Company at more than $1.1 billion.

About CAIS

CAIS is the leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. CAIS also offers custom solutions for advisors seeking to create custom fund vehicles around ideas they source.

CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.

All funds listed on CAIS undergo Mercer’s independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowering over 5,300+ unique advisor firms/teams who oversee more than $2.5+ trillion in network assets. Since its inception, CAIS has facilitated over $17+ billion in transaction volume as the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco. For more information about CAIS, please visit www.caisgroup.com.

Securities offered through CAIS Capital LLC, member FINRA, SIPC.

About BNY Mellon’s Pershing

BNY Mellon’s Pershing is a leading provider of clearing and custody services. We are uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation.

Wealth management and institutional firms outsource to us for trading and settlement services, investment solutions, bank and brokerage custody, middle and back office support, data insights, and business consulting.

Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc. and Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940. Additional information is available on pershing.com, or follow us on LinkedIn or Twitter @Pershing.

Media Contact

For CAIS
Nadia Damouni
pro-CAISPR@Prosek.com

CAIS Receives Strategic Investment from Hamilton Lane

CAIS Receives Strategic Investment from Hamilton Lane

June 28, 2022 | CAIS

Latest capital infusion underscores heightened demand for alternative investments access amid growing economic uncertainty

CAIS, the leading alternative investment platform, today announced a strategic investment from Hamilton Lane (NASDAQ: HLNE), a leading private markets investment management firm with more than $901 billion in assets under management and supervision. Hamilton Lane is the latest in a series of CAIS investors that have participated in the most recent financing, including Apollo, Motive Partners, Franklin Templeton, Reverence Capital Partners and Stone Point Ventures, which has resulted in the Company’s enterprise valuation exceeding $1.1 billion. Terms of the investment were not disclosed.

“We are thrilled to welcome another strong partner that shares our mission to level the playing field for RIAs, independent broker dealers, aggregators, and custodians looking to allocate to alternative investments,” said Matt Brown, Founder and CEO of CAIS. “Hamilton Lane brings tremendous value to CAIS as a strategic partner that is well-versed across private markets investing and data-driven innovation.”

The new capital will further CAIS’s mission to modernize how the independent advisor community can access and learn about alternative investments, while also connecting asset managers with the multi-trillion-dollar private wealth channel. Specifically, CAIS will continue to develop technology, expand its global team, enhance the advisor experience through personalized learning, and automate back-end processes for financial advisors and fund managers alike. It is Hamilton Lane’s intention to onboard some of its evergreen and closed-end products to the CAIS platform over time.

“We are seeing significant macroeconomic tailwinds that highlight the urgency for improved access to alternative investments, especially for the independent wealth and non-institutional channels,” said Erik Hirsch, Vice Chairman and Head of Strategic Initiatives at Hamilton Lane. “We are big believers that technology can serve as a powerful tool in solving for some of the traditional accessibility challenges, and look forward to supporting CAIS in that shared goal.”

The announcement follows CAIS’s release of results from an independent survey of financial professionals conducted at the 2022 Morningstar Conference, which validate the industry challenges it is addressing. Most notably, the survey found that more than 80% believed retail investors should have access to alternative investments, 76% argued that the traditional 60/40 portfolio is ineffective or less effective in today’s economic climate, and 69% cited a lack of educational resources as a hurdle to navigating private markets.

About CAIS

CAIS is the leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. CAIS also offers custom solutions for advisors seeking to create custom fund vehicles around ideas they source.

CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.

All funds listed on CAIS undergo Mercer’s independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowering over 5,300+ unique advisor firms/teams who oversee more than $2.5+ trillion in network assets. Since its inception, CAIS has facilitated over $17+ billion in transaction volume as the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco. For more information about CAIS, please visit www.caisgroup.com.

Securities offered through CAIS Capital LLC, member FINRA, SIPC.

About Hamilton Lane

Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for 30 years, the firm currently employs approximately 530 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has over $901 billion in assets under management and supervision, composed of more than $106 billion in discretionary assets and nearly $795 billion in advisory assets, as of March 31, 2022. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane.

Contacts

For CAIS
Nadia Damouni
pro-CAISPR@Prosek.com

For Hamilton Lane
Kate McGann
kmcgann@hamiltonlane.com

Financial Advisors Want Alts for Everyone, According to a New CAIS Survey

Financial Advisors Want Alts for Everyone, According to a New CAIS Survey

June 21, 2022 | Holly Deaton | RIAIntel

A new survey suggests that financial advisors want all retail investors to have the same access as accredited investors.

A majority of financial professionals, including RIAs, believe that all retail investors should have access to alternatives. Financial advisors already widely recommend that clients who meet the accredited investor requirements allocate to alternatives, according to a new CAIS survey shared with RIA Intel.

The survey of 303 respondents, 107 of whom identify as financial advisors, was conducted by Prosek Partners at the May 2022 Morningstar Investment Conference. The survey was conducted on behalf of CAIS, an alternative investment platform used by more than 5,300 advisory firms with more than $2.5 trillion in assets.

More than 83 percent of financial advisors surveyed say that all retail investors should have access to alternative investments — and 82 percent say that they’re recommending alts to accredited investors. One reason for this may be that 42 percent of those surveyed say the traditional 60/40 portfolio is not as effective as it once was, and 33.6 percent said that it’s not at all effective. 

“When you look at the 60/40 portfolio right now, it’s not doing well. The question is where to find income distribution,’” says Abby Salameh, CMO and managing director of CAIS IQ. “Alternatives are the front-runner as a solution to that challenge.”

Investment in alternative assets has boomed in the past year, even as 2022 saw increased market volatility in traditional asset classes. Global alternative assets under management are expected to increase by 60 percent and reach $17 trillion between the end of 2020 and the end of 2025, far outpacing global GDP and inflation rates, according to alternatives data and research firm Preqin. Dave Lowery, head of research insights at Preqin, told RIA Intel that the more recent volatile macro conditions could accelerate the move toward alternatives, with any drop in value a potential buying opportunity.

CAIS’s own data showed significant growth during the first half of 2022, with the majority of flows across alternative asset classes on the platform seeing double- to triple-digit percent increases; private equity allocation was up 500 percent year-over-year on CAIS, and registered funds were up 400 percent year-over-year. Hedge fund allocations and private credit were up 30 percent and 40 percent, respectively, and real estate was up 80 percent year-over-year.The CAIS platform did see a decrease in digital assets, by 72 percent year-over-year, but all other asset classes and total asset flows increased year-over-year. The number of companies using CAIS has also doubled during the past 12 months to more than 5,300 advisory firms, the company told RIA Intel in May. 

The first half of 2022 saw the launch of several alts-focused platforms such as Gridline, an alts platform targeting smaller funds, and AltExchange, a Plaid-like service that aggregates and organizes information from more than 50 alternative investment platforms for wealth managers.

However, high barriers to entry still exist for investors and advisors who want to diversify with alternatives. They’re expensive, complex, and illiquid, and many advisors don’t even consider them. 

According to the CAIS survey, about 70 percent of respondents cite a lack of education about alternatives as a hurdle to investing in them, while 37.6 percent say high levels of administration and paperwork are barriers to using alts. In addition, 34 percent of advisors cite concerns around due diligence and compliance processes as difficulties when making allocations.

Salameh said that education for both advisors and investors is the key to breaking down some of the barriers that advisors encounter along the alts road. To that end,  the Chartered Alternative Investment Analyst (CAIA) Association recently launched its own education platform to help educate financial advisors who want to learn more about alternatives, following a significant uptick of designation holders. CAIS itself launched a learning tool in 2019.

Keynote: Breaking Down the Barriers to Investing in Alternative Investments (CAIS)

Watch CAIS’s Blue Vault Bowman Alts Week 2022 keynote presentation, featuring Diana Britton (Managing Editor, Wealth Management), Brendan Ciddihy (Chief Operating Officer, CAIS), Justin Fay (Director, Global Strategy and Product Management, BNY Mellon | Pershing), and Joe Raieta (Partner, Managing Director, Snowden Lane Partners).

 

Alternative Investment Sponsors may be contributing members of Blue Vault, which could create potential conflicts of interest.  Blue Vault subscribers and followers should consider this in their review and analysis.  Information is intended only for institutional, broker dealer or registered investment adviser use.  This information is prohibited for use by the general public.

CAIS: Expanding the (Alternative) Universe

CAIS: Expanding the (Alternative) Universe

June 10, 2022 | Nicholas Reade | CAIS

We started the year with record highs in global equity markets and a general expectation that the U.S. Federal Reserve (the Fed) would hike interest rates to tame the multi-decade high rate of inflation. At the time, we believed that these conditions – along with rising correlations between stocks and bonds and low expected returns – warranted a reassessment of the appropriateness of the 60/40 stock/bond portfolio (60/40 portfolio). We also presented the case for the inclusion of alternative investments to seek to enhance return, diversify risk and supplement income.

Given the historically poor start to the year that stocks, bonds and the 60/40 portfolio have had – which we previously addressed – we believe it may be time for investors to expand their investment universe and learn more about alternative investments. This includes private equity and debt, hedge funds, real estate, digital assets and numerous other strategies.

As a reminder, it can be helpful to look at the past to get a sense of what to expect in the future, however, it’s also important to remember that past performance is not always a guarantee or indicator of future returns. To this end, the below chart shows the annualized risk and return for traditional investments like stocks and bonds, as well as the 60/40 portfolio.

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CAIS: Navigating Venture Capital Across the Capital Structure

Watch CAIS’s Blue Vault Bowman Alts Week 2022 presentation, featuring Andrew Snyder (Director of Product and Research, CAIS), Matt Ahern (Managing Principal, Knightsbridge Advisers), and Chad Norman (Senior Portfolio Manager, Avenue Venture Strategy). 

 

Alternative Investment Sponsors may be contributing members of Blue Vault, which could create potential conflicts of interest.  Blue Vault subscribers and followers should consider this in their review and analysis.  Information is intended only for institutional, broker dealer or registered investment adviser use.  This information is prohibited for use by the general public.

Advisor Group Selects CAIS for Alternative Investment Access and Education

Advisor Group Selects CAIS for Alternative Investment Access and Education

May 5, 2022 | CAIS

CAIS, the leading alternative investment platform for independent financial advisors, today announced its selection by Advisor Group to provide a platform solution for improved alternative investment access, education and transaction workflow. Advisor Group is the nation’s largest network of independent wealth management firms with over 10,100 financial advisors overseeing more than $515 billion in client assets.  

“We were looking for a trusted long-term partner and what attracted us to CAIS was their flexibility to customize the platform’s product menu, simplify the transaction process, and integrate our wealth management ecosystem to help solve the needs of all types of clients, from high-net-worth to mass-affluent,” said Shannon Larson, SVP, Platform Management and Product Development at Advisor Group.

Through the CAIS platform, Advisor Group’s financial professionals will gain access to a curated menu of alternative investment products, including hedge funds, private equity, real estate, and private credit. All funds will undergo Mercer’s third-party independent due diligence, giving Advisor Group’s Home Office and financial advisors additional confidence on the funds they select for their clients.

“We are pleased to be Advisor Group’s solution for alternative investment access and education,” said Matt Brown, Founder and CEO at CAIS.  “Our platform’s ability to integrate with Advisor Group’s third-party custodians, reporting providers and other vendors ensures an easy and seamless workflow.”

CAIS’ platform seamlessly integrates with Advisor Group’s ecosystem, including the leading custodians and reporting providers. This integration automates and streamlines the reporting and document workflow process, enabling financial professionals to browse, research, transact, and operate in a connected ecosystem.

Advisor Group’s financial professionals will further benefit from access to CAIS IQ, a personalized learning system for mastering alternative investments. CAIS IQ will help Advisor Group’s home office with monitoring and supervising financial advisors’ learning progress on fund-specific courses provided via the CAIS platform in addition to foundational and asset class-themed courses available for CE credits.

“CAIS and Advisor Group share a commitment to lead with learning. CAIS IQ’s customized, interactive courses will provide advisors with the knowledge to help them allocate to alternative investments confidently while meeting our firm’s compliance requirement,” said Larson.

This partnership announcement follows the company securing over $325 million in growth capital from Apollo, Motive Partners, Franklin Templeton, Reverence Capital Partners, and Stone Point Ventures which values the Company at more than $1.1 billion.

About Advisor Group

Advisor Group, Inc. is the nation’s largest network of independent wealth management firms, serving approximately 10,100 financial advisors and overseeing over $515 billion in client assets. The firm is mission-driven to support the strategic role that advisors can play in the lives of their clients. Cultivating a spirit of entrepreneurship and independence, Advisor Group champions the enduring value of financial advisors and is committed to being in their corner every step of the way. For more information visit https://www.advisorgroup.com.

Securities and investment advisory services are offered through the firms: FSC Securities Corporation, Royal Alliance Associates, Inc., SagePoint Financial, Inc., Triad Advisors, LLC, and Woodbury Financial Services, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Securities America, Inc., a broker-dealer and member of FINRA and SIPC. Advisory services are offered through Arbor Point Advisors, LLC, Ladenburg Thalmann Asset Management, Inc., Securities America Advisors, Inc., and Triad Hybrid Solutions, LLC, registered investment advisers. Advisory programs offered by FSC Securities Corporation, Royal Alliance Associates, Inc., SagePoint Financial, Inc., and Woodbury Financial Services, Inc., are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser. Advisor Group, Inc. is an affiliate of these firms. 20 E. Thomas Rd., Ste. 2000, Phoenix, AZ, 85012. 866.481.0379.

About CAIS

CAIS is the leading alternative investment platform for financial advisors who seek improved access to and education about alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. Additionally, CAIS provides an industry-leading learning system, CAIS IQ, that helps advisors learn faster, remember longer and improve client outcomes.

All funds listed on CAIS undergo Mercer’s independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab and Pershing, making investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowers over 5,300+ unique advisor firms/teams who oversee more than $2.5T+ in network assets. Since inception, CAIS has facilitated over $17B+ in transaction volume. CAIS is the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco.

For more information about CAIS, please visit www.caisgroup.com

Securities offered through CAIS Capital LLC, member FINRA, SIPC.

CAIS Announces Inaugural Alternative Investment Summit for Independent Financial Advisors

CAIS Announces Inaugural Alternative Investment Summit for Independent Financial Advisors

April 19, 2022 | CAIS

CAIS, the leading alternative investment platform for independent financial advisors, today announced the launch of its inaugural annual summit which will take place October 17 to 19, 2022 at the Beverly Hilton in Los Angeles, California. Apollo Chair Jay Clayton, who previously served as Chairman of the SEC where he was at the forefront of modernizing investment oversight and regulations, will deliver the keynote address. 

“There are many industry events that feature alternative investments, but none are dedicated to meeting the unique needs of Registered Investment Advisors and Independent Broker Dealers,” said Matt Brown, Founder and CEO of CAIS.  “With the increasing demand and rising allocations to alternative investments, CAIS continues to invest in the technology that enables financial advisors and asset managers to engage and transact seamlessly,” Brown continued.

The launch of the CAIS Alternative Investment Summit follows the company securing over $325 million in growth capital from Apollo, Motive Partners, Franklin Templeton, and Reverence Capital Partners which values the Company at more than $1.1 billion. 

The 3-day, invitation-only CAIS Summit, will feature senior leadership from the alternative investment community and focus on private equity and credit, venture capital, hedge fund strategies, real estate, structured solutions and digital assets. Additionally, the Summit will explore the advancements in technology and regulation that are paving the way for alternative investment transformation and platformization.  

To learn more about the CAIS Alternative Investment Summit, please email us at CAISsummit@caisgroup.com.

About CAIS

CAIS is a leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.

All funds listed on CAIS undergo Mercer’s independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowering over 4,800+ unique advisor firms/teams who oversee more than $2T+ in network assets. Since its inception, CAIS has facilitated over $15B+ in transaction volume as the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco.

For more information about CAIS, please visit www.caisgroup.com

Securities offered through CAIS Capital LLC, member FINRA, SIPC.

The Potential Opportunity in Market Volatility

The Potential Opportunity in Market Volatility

April 6, 2022 | Nic Millikan | CAIS

For the past decade, we’ve experienced an environment that many consider to be of low inflation and easy monetary policy, while the domestic stock markets recorded the longest bull market in history.1 

Then came 2020 and the pandemic induced sell-off in global risk assets and the subsequent fiscal and monetary policy response to shore up economies and stock markets across the world. This stimulus has fed through not only to asset prices, but to the prices of the goods and services we consume. So strong has the impact of the additional liquidity been that we are now experiencing inflation at levels not witnessed in over 40 years.2

It’s been quite a ride for investors who may have benefited from the rebound in the stock market, but so strong have been the gains, that many have questioned whether markets can, and should, continue to move higher. This has manifested itself in the consciousness of investors, 46%3 of whom are feeling “bearish” about the markets.

It is in times like these that some financial advisors turn to the old adage of “stay the course” in an attempt to claim the nerves of jittery clients. 

A potential problem is that we may be entering an interest rate tightening cycle, at the same time we have seemingly high inflation and stock market valuations. In such conditions, it is reasonable to expect that the next decade will look entirely different to the one we have just experienced. So, while “stay the course” may still be wise advice, the present situation may provide an opportunity to reassess client portfolios and prepare them for the road ahead.

The Strategies of the Last 40 Years May Not Work for the Next 40 Years

It has been more than 40 years since we saw both inflation and interest rates peak before starting their four-decade march lower. Since September 1981, when the U.S. 10-Year Treasury Bond interest rate peaked at 15.8, Bloomberg shows the Dow Jones Industrial Average has gained over 38 times despite a few (rather major) hiccups. The prior forty years starting in 1941 saw it gain almost 6 times – more than 6 times less than the most recent period. And just last November, the NASDAQ closed above 16,000 for the first time ever. 

All that is to say that the past forty years have generally been positive for equity investors. But there may be a change in the air.

Traditional Wisdom

Traditional wisdom becomes traditional wisdom for a reason – it generally works. And “stay the course” has generally been positive for investors over the past few decades. But the next 40 years may have a few new factors that may impact markets – the ongoing global pandemic, inflation, Russian aggression, worsening relations with China – just to name a few. 

Tools for the Times

With such a wide range of factors affecting the day-to-day of markets, investors may need to adopt a more active approach to their portfolios to help navigate uncertainty. 

Thankfully, investors today have several tools available to them due in part to their flexibility and relevance to the present market environment. 

Strategic Asset Allocation 

For at least a decade now, the FAANGM stocks (Alphabet, Apple, Meta, Microsoft and Netflix) have become a large driver of broader market performancegiven their weight within market capitalization indices such as the S&P 500 now exceeds 20%. However, despite the dominant growth of these, and other high growth stocks, the recent increases in interest rates have many investors reassessing how much they are willing to pay for these names, all of which are currently trading below their record prices set last year according to Bloomberg data.

The traditional wisdom of “stay the course” may see investors stick with these public equity companies in order to participate in potential future gains. However, given where many believe we are in the business and interest rate cycle, it may be more prudent to for investors to update their strategic asset allocation, and to cast a wider net for investments that are lowly correlated to stocks and driven by diversified sources of returns.

Alternative investment solutions such as private market asset classes like private equity and debt, as well as digital assets like Bitcoin may help realign portfolios. 

Tactical Asset Allocation

As markets oscillate and adapt to the changing nature of the broader economy, investors have the opportunity to take advantage of dislocations and divergences to look to hedging instruments, such as hedge funds and structured notes, to seek to trade in and around these different environments. Timing the market is difficult but using these periods could potentially provide entry points into these strategies. 

Take The Opportunity To Reassess Your Portfolio

The core of this discussion embraces the notion of diversification, which, as Nobel Prize winner Harry Markowitz is attributed to as having said “is the only free lunch in finance.”

Investors should take this time to reexamine their portfolios and to figure out how much of them are built on traditional wisdom and how much of them are built for the present and future. 

Here are a few questions investors should ask themselves in relation to their investments:

• How much am I counting on tech to continue doing the same things it’s been doing for the last 20 years?

• How can I hedge myself against the record inflation we’re experiencing right now?

• How much of my portfolio is built on the movements of the last 40 years, and what changes might I want to make to prepare for the next 40?

• With the pandemic winding down, how can I position my portfolio to capitalize on a future world that may look very different from the past?

• What role do alternative investments and sources of risk and return play within my portfolio?

“Stay the course” may remain sage advice, but sometimes a change is so drastic you should stop, look at the course you’re on and consider adjustments to account for new terrain.

For more information about investment opportunities available on the CAIS Platform, contact a CAIS representative.

1. Forbes, “Bear Market And Bull Market: What’s The Difference”, Feb 24, 2022, https://www.forbes.com/advisor/investing/bear-market-vs-bull-market/#:~:text=The%20average%20bull%20market%20lasts,growth%20of%20more%20than%20400%25

2. Bloomberg, “U.S. Inflation Hit Fresh 40-Year High of 7.9% Before Oil Spike”, March 10, 2022, https://www.bloomberg.com/news/articles/2022-03-10/u-s-inflation-hits-fresh-40-year-high-of-7-9-before-oil-spike?sref=gujXdcJY

3. AAII Investor Sentiment Survey, https://www.aaii.com/sentimentsurvey

4. Yardeni Research, Inc., “Stock Market Briefing: FAANGMs”, https://www.yardeni.com/pub/faangms.pdf

Bond & Equity Markets Appear to Have Divergent Views on the Impact of Inflation

Bond & Equity Markets Appear to Have Divergent Views on the Impact of Inflation

April 18, 2022 | Nic Millikan | CAIS

When the Consumer Price Index of inflation for March came in this month at 8.5%, it not only hit another four-decade high, but it again exceeded the markets expectation for the rate of year-over-year price increases according to a Bloomberg survey. Interestingly, and despite the ongoing higher than expected pressures, after the release we heard calls across the market that we had reached ‘peak inflation’.1 Regardless of this view, the U.S. Federal Reserve (the Fed) doubled down on their commitment to raise interest rates to aggressively fight inflation2, while restarting the runoff of its more than $8.9 trillion dollar balance sheet.3

Interestingly however, both equity and bond markets appear to have set divergent expectations for the ongoing impact on inflation, which sees them now seemingly hold opposing views on the prospect of forward returns. While there can only be one future state of the market, this creates the potential for future volatility and dispersion in risk assets and could have very real implications for the future risk and return potential for both stock and bond markets.

Divergence in Implied Volatility

By looking at the expected implied volatility of an asset class, we may be able get a sense of what investors general expectations are for the dispersion of returns – the higher the dispersion, the higher the potential range of future returns, with the reverse also being true.4 Both the U.S. stock and bond markets have measures of short-term implied volatility. Stocks have the VIX, or the Chicago Board Options Exchange Volatility Index, and bonds have the MOVE, or the ICE BofA MOVE Index.

Currently, we see that the MOVE Index is trending higher and is approaching the level it was in March 2020, when the index hit a high of more than 160.5 The bond market appears to be taking its cue from the Fed’s hawkish stance on interest rates to stamp out high inflation and appears to be factoring in a volatile future state for bond markets. Conversely, we see that the VIX is trending lower and is currently below its 24.5 average since the end of 2019.6 The stock market appears to be expecting future returns to be less volatile, which could reflect the general view that we have reached ‘peak inflation’ and forward returns are unlikely to be greatly impacted by it.

This divergence, which started in October 2021, occurred after the Fed made it clear that it would begin to tighten monetary policy and remove liquidity from markets via its balance sheet roll-off,7 setting bond and stock markets on divergent paths for expected volatility.

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CAIS Announces $100 Million Investment from Reverence Capital Partners

CAIS Announces $100 Million Investment from Reverence Capital Partners

April 6, 2022 | CAIS

CAIS, the leading alternative investment platform, today announced a $100 million investment from Reverence Capital Partners. The raise is a continuation of the Company’s $225 million round in January, led by Apollo, Motive Partners, and Franklin Templeton which resulted in CAIS’ enterprise valuation exceeding $1 billion. Milton Berlinski, Managing Partner at Reverence Capital Partners, also joins CAIS’ Board of Directors, effective immediately.

“Reverence Capital Partners has a long and successful track record as an investor in the independent wealth management community and understands the unique needs of both financial advisors and alternative asset managers,” said Matt Brown, Founder and CEO of CAIS. “We are excited to have Reverence join our distinguished list of investors and look forward to tapping into the extensive knowledge and network that Milton and his team will bring to CAIS moving forward.”

The new investment accelerates CAIS’ mission to modernize how independent financial advisors learn about and gain access to alternative investments. Similar to the capital originally raised in January, the new proceeds will fuel further advancements in CAIS’ technology, enhance the customer experience through personalized experiences, as well as digitize product operations for fund managers and financial advisors alike.

“Through our experience working with asset management, wealth management, and fintech businesses, we have seen firsthand the challenges associated with independent investing in alternative asset classes,” said Berlinski. “CAIS is an industry leader providing the resources and infrastructure needed to enhance access, education, execution, and reporting to these complex solutions. We are excited to build on our partnership with this management team as CAIS continues to scale.”

Alternative assets are expected to make up to 24% of the global investable market by 2025, according to the Chartered Alternative Investment Analyst Association, up from 12% in 2018. In the last year alone, transaction volume on the CAIS platform has increased by 69%, with the number of platform users increasing by 29% in the same period.

The news also follows CAIS’ launch of the CAIS Advisory Council (“CAC”), a standing committee comprised of seasoned and next-generation RIAs, independent broker dealers, RIA aggregators, and custodians who will help identify technical opportunities to expand the platform and provide ad-hoc guidance around issues impacting the alternative investment ecosystem.

About CAIS

CAIS is a leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.

All funds listed on CAIS undergo Mercer’s independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowering over 4,800+ unique advisor firms/teams who oversee more than $2+ trillion in network assets. Since its inception, CAIS has facilitated over $15+ billion in transaction volume as the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco. For more information about CAIS, please visit www.caisgroup.com.

Securities offered through CAIS Capital LLC, member FINRA, SIPC.

About Reverence Capital Partners

Reverence Capital Partners is a private investment firm focused on thematic investing in leading global, middle-market Financial Services businesses through control and influence oriented investments in 5 sectors: (1) Depositories and Finance Companies, (2) Asset and Wealth Management, (3) Insurance, (4) Capital Markets, and (5) Financial Technology/Payments. The firm was founded in 2013 by Milton Berlinski, Peter Aberg, and Alex Chulack, who collectively bring over 90 years of advisory and investing experience across a wide range of financial services sectors. For more information, please visit www.reverencecapital.com.

Contacts
For CAIS: Nadia Damouni Pro-CAISPR@Prosek.com For Reverence Capital Partners: (212) 804-8025 info@reverencecapital.com

Seeking to Diversify Systematic Risk with Global Macro

Seeking to Diversify Systematic Risk with Global Macro

March 21, 2022 | Nic Millikan & Nicholas Reade | CAIS

Last week, the U.S. Federal Reserve (Fed) took the broadly expected step of raising interest rates for the first time since 2018 to attempt to rein in rampant inflation. The 25-basis point (bps) hike, while small, is significant as it marks a potential shift to a tightening regime that may set us on the path towards a more normalized approach to monetary policy. At the same time, we have seen a resurgence of COVID-19 cases in Asia that threatens to disrupt already fragile supply chains, Russia’s continued incursion of the Ukraine continues to threaten and destabilize both the geopolitical and global economic landscape. Taken together, these events have impacted markets from a macro perspective, potentially ushering a forward return environment that may be driven more by macroeconomic factors than it has been in recent history. Against such an economic backdrop, global macro hedge funds may provide a diversification benefit to offset volatility and the lasting impacts of global uncertainty.

Revisiting Global Macro

Before we dive into the potential diversification benefits of global macro hedge funds, it is worth revisiting what they are. A global macro hedge fund is generally defined as a strategy that seeks to take directionally long or short exposures to different macroeconomic and geopolitical factors, including but not limited to, interest and foreign exchange rates, political events and international relations, essentially focusing on the systematic risk of markets.[1] They can employ discretionary or systematic styles, and may utilize fundamental or technical inputs to alpha generation from the exposure to different risk premia, or betas.[2] Given global macro’s historical ability to deliver positive absolute returns in prior crises, such as the credit crisis, tech bubble burst and pandemic sell-off[3], many investors seek exposure to global macro as a way to diversify equity market risks.[4] Given the confluence of macroeconomic and geopolitical risks impacting equity markets, we are again seeing renewed interest in macro hedge funds by advisors.

Seeking to Diversify Equity Market Risk with Global Macro

Effective diversifiers are investments that when added to a portfolio, either increase the expected return per unit of risk, or reduce a portfolio’s overall risk, leaving expected return unchanged.[5] The historical performance of global macro hedge funds highlights how this strategy can potentially do both. 

First, looking at historical correlations of global macro hedge funds relative to the 60/40 stock/bond portfolio over the last 30 years, we can see that in periods of crises, correlations have declined and moved toward zero. This divergence in performance indicates the diversification benefit of global macro strategies. In some instances, correlation has not only declined, but it has turned negative, allowing global macro hedge funds to potentially add to a portfolio’s overall return while value of the 60/40 stock/bond portfolios would decline.

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CAIS Announces $225 Million Financing Round Led by Apollo and Motive Partners, Exceeds $1 Billion Valuation

CAIS Announces $225 Million Financing Round Led by Apollo and Motive Partners, Exceeds $1 Billion Valuation

January 11, 2022 | Business Wire

CAIS, the leading alternative investment platform, today announced a $225 million round of funding led by Apollo (NYSE: APO) and Motive Partners (“Motive”), with additional investment from Franklin Templeton (NYSE: BEN), which values CAIS at more than $1 billion. This new investment follows a previous investment by Eldridge and accelerates CAIS’s mission to modernize how financial advisors access alternative investments. Blythe Masters, Founding Partner of Motive, and Andrew Gosden, Managing Director in Financial Services & Strategy at Apollo, will join CAIS’s board of directors.

“We are honored to have Apollo, Motive, and Franklin Templeton as our new shareholders and partners,” said Matt Brown, Founder and CEO of CAIS. “This investment advances the critical role CAIS plays in revolutionizing how the alternative investment and wealth management communities engage, learn, and transact.”

Alternative assets are expected to make up to 24% of the global investable market by 2025, according to the Chartered Alternative Investment Analyst Association, up from 12% in 2018. CAIS has doubled its headcount in the last year to meet demand, as transaction volume has increased by 65 percent year-over-year with the number of platform users increasing by 60 percent. Building on that momentum, CAIS will use the proceeds of this financing round to fuel further advancements in technology, enhance the customer experience, invest in the digitization of product operations and processes, and explore strategic opportunities.

“We are excited to invest in CAIS, one of the fintech leaders transforming alternative investment access for wealth management. At Apollo, we want more individuals to access alternative strategies and companies like CAIS help to bridge the gap between asset managers and advisors through their growing platform. We believe this latest funding round will support the Company’s continued growth and success,” said Marc Rowan, Co-Founder and CEO of Apollo.

“CAIS has built a unique marketplace for alternatives through a commitment to excellent service and education. This investment will turbo-charge the technology transformation of the business towards a modular, flexible cloud-based architecture, which will modernize the way investors gain access to this asset class, allowing managers, investors, and their advisors to focus less on process and more on value-added interactions,” said Blythe Masters, Founding Partner at Motive.

CAIS serves the independent wealth management community, which has been historically under-allocated to alternatives when compared with large national broker-dealers or institutional investors, whether due to complexity, higher minimums, and fees, need for education, or other barriers to entry. As the first truly open marketplace for alternative investments, where financial advisors and asset managers can engage and transact at scale, CAIS seeks to remove these barriers, enabling advisors to enhance outcomes for their investors and providing managers with centralized access to a highly fragmented wealth management community.

“We believe that individual investors should have access to the same alternative investment solutions as large institutions, and CAIS is doing just that through its innovative and user-friendly platform,” said Jenny Johnson, President and CEO of Franklin Templeton. “CAIS shares our goal of making it easier for advisors and individual investors to diversify into alternatives to meet their investment objectives.”

Financial Technology Partners served as financial advisor to CAIS on the transaction.

About CAIS

CAIS is the leading alternative investment platform for financial advisors who seek improved access to, and education about, alternative investment funds and products. CAIS provides financial advisors with a broad selection of alternative investment strategies, including hedge funds, private equity, private credit, real estate, digital assets, and structured notes, allowing them to capitalize on opportunities and/or withstand ever-changing markets. CAIS also provides an industry-leading learning system, CAIS IQ, to help advisors learn faster, remember longer, and improve client outcomes.

All funds listed on CAIS undergo Mercer’s independent due diligence and ongoing monitoring. Mercer diligence reports and fund ratings are available to advisors on the CAIS password-protected platform. CAIS streamlines the end-to-end transaction process through digital subscriptions and integrated reporting with Fidelity, Schwab, and Pershing, which make investing in alternatives simple.

Founded in 2009, CAIS, a fintech leader, is empowering over 4,400+ unique advisor firms/teams who oversee more than $2T+ in network assets. Since inception, CAIS has facilitated over $13.8B+ in transaction volume as the first truly open marketplace where financial advisors and asset managers engage and transact directly on a massive scale. CAIS has offices in New York, Los Angeles, Austin, and San Francisco.

Securities offered through CAIS Capital LLC, member FINRASIPC.

About Apollo

Apollo is a global, high-growth alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. To learn more, please visit www.apollo.com.

About Motive Partners

Motive Partners is a specialist private equity firm with offices in New York City and London, focusing on growth equity and buyout investments in software and information services companies based in North America and Europe and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. More information on Motive Partners can be found at www.motivepartners.com.

About Franklin Templeton

Franklin Resources, Inc. (NYSE:BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and over $1.5 trillion in assets under management as of November 30, 2021. For more information, please visit franklinresources.com.

Media Contact

For CAIS:
Nadia Damouni
Pro-CAISPR@Prosek.com

For Apollo:
Joanna Rose, Global Head of Corporate Communications
Communications@apollo.com
Noah Gunn, Global Head of Investor Relations
IR@apollo.com

For Motive Partners:
Sam Tidswell-Norrish
Investor Relations
sam@motivepartners.com

For Franklin Templeton:
Matthew Walsh
matthew.walsh@franklintempleton.com

CAIS appoints Head of Data

CAIS appoints Head of Data

November 16, 2021 | Hedgeweek

Alternative investment platform CAIS has appointed George Davies, PhD, as its new Head of Data. Based in the Company’s New York office, Davies will report to Shane Williams, Chief Technology Officer.

“We are delighted to welcome George to this newly created position,” says Williams. “George’s track record working with data to enhance areas such as risk management, trade modelling, and pricing will complement our efforts to employ CAIS’ own data for trend spotting, creating personalised experiences for advisors, delivering meaningful engagements for managers, and informing business decisions.”

Davies has worked with technology platforms across wealth advisory, asset management, and trading for more than 20 years. He most recently served as Vice President of Data for personal finance technology platform SmartAsset, where he managed the company’s data engineering and data science teams while scaling system architecture. Davies also served as Chief Data Officer for fintech companies TraverseIQ and iSentium, and as a Quantitative Analyst for UBP Asset Management, ART Advisors, and Scotia Capital Markets. He earned his PhD in Astrophysics from Queen’s University.

“Having worked with a variety of financial technology companies throughout my career, I was immediately attracted to CAIS’ entrepreneurial mindset and the transformational impact this company is having across the financial advisory and asset management communities,” says Davies. “I look forward to working with Shane and the team as they continue to increase access and education around alternative asset classes for advisors, so they can help their clients realise supplemental income and higher returns.”

In this role, George will be managing teams that develop predictive analytics and machine learning across all business functions, seeking to enhance outcomes for all constituents within the CAIS community.

“George’s hiring reflects our efforts to attract quality talent from all areas of financial services,” says Matt Brown, Founder and CEO. “With a Head of Data in place, we will deepen our efforts to extract valuable insights from the front and back ends of our platform, which should lead to greater outcomes for the wealth management ecosystem that we serve.”

Transaction volumes on the CAIS platform were 74 per cent higher in the third quarter of 2021 compared to the prior year. The number of advisors on the CAIS platform also grew 89 percent year-over-year. Due to this increase in demand, CAIS has added 85 employees across all areas of the organisation within that same time frame.

 

 

 

CAIS Expands Independent Broker Dealer Relationships with Alts Education

CAIS Expands Independent Broker Dealer Relationships with Alts Education

September 28, 2021 | Business Wire

CAIS Expands Independent Broker Dealer Relationships with Alts Education

CAIS IQ empowers financial advisors and home offices with personalized alternative investment education, insights, and data analytics

CAIS, the leading alternative investment platform, today announced CAIS IQ is supporting independent broker dealers and home offices through its membership and sponsorship of two leading trade associations: the Alternative and Direct Investment Securities Association (ADISA) and Institute for Portfolio Advisors (IPA). These sponsorships represent CAIS’s commitment to empowering financial advisors with the education they need to allocate to alternative investments.

“We are happy to have CAIS join ADISA as a new member and sponsor as they work to broaden their relationships throughout the broker-dealer community,” said John Harrison, DBA, Executive Director of ADISA. “ADISA prides itself on broadening access to quality alternative investments by facilitating education, relationships and advocacy. As such, we welcome CAIS to our large coalition and look forward to working with them in the coming years.”

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Snackable (and Genuine) Learning With ‘Netflix Magic’ Could Change Wealth Management

Snackable (and Genuine) Learning With ‘Netflix Magic’ Could Change Wealth Management

CAIS IQ is creating custom courses for a $21 billion RIA, and the knock-on effects of the partnership could prove a game changer for the industry.

August 4, 2021 | Michael Thrasher | RIA Intel

In 2019, the people behind CAIS, a $13 billion alternative investments platform founded a decade earlier, were not totally satisfied. They’d built a system to make the historically laborious process of investing in private equity or hedge funds easier, but they felt they were falling short educating wealth managers about those investments. Those managers, in turn, weren’t likely to invest in something they didn’t understand. 

Whitepapers and webinars weren’t cutting it. So, CAIS founder and CEO Matt Brown hired Andrew Smith Lewis to be his chief innovation officer. A learning whiz, Smith Lewis was the founder and CEO of The Princeton Review of Japan, and co-founded Cerego, a system focused on long-term information retention that supports programs for the U.S. Army, New York University, the Bill & Melinda Gates Foundation, and other institutions.

Smith Lewis and a growing 10-person team got to work on CAIS IQ, the new platform that directs users to different visual, written, and audio content based on how well they absorb and retain information.

Shortly after CAIS IQ launched last summer to 9,000 advisors, its “snackable” bursts of learning, in the form of videos, webinars and podcasts, were already proving they helped them “master” alternative investments spending just minutes each day. The launch of IQ included an effort to gather insights and adapt the program. For example, mobile app users were spending 24% less time learning than web-based users, but mobile learners were achieving a 56% “higher rate of mastery,” Smith Lewis told RIA Intel last year.

CAIS IQ is free for any CAIS member to use. Advisors with the Certified Investment Management Analyst and Certified Financial Planner designations can receive continuing education credits for CAIS IQ courses.

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