This article applies to Adviser Representatives (AR) only. If you are a client and wish to take any actions in this article, please contact your adviser or Netwealth.
Who is iCapital?
iCapital (iCapital, Inc. together with its affiliates, "iCapital") is a global B2B fintech platform providing access to alternative investments for the wealth management industry. iCapital has transformed access to alternative investments, offering investment opportunities in direct investments and feeder funds. iCapital offers an extensive menu of alternative investments, including private equity, private credit, real estate, infrastructure and hedge funds.
What is the benefit of the Netwealth-iCapital strategic partnership?
Netwealth’s strategic partnership with iCapital provides wholesale advised clients access to alternative investment funds typically unavailable in the Australian market across asset types such as private equity, private credit, real assets and hedge funds. Netwealth is iCapital’s exclusive Australian distribution partner for iCapital sponsored funds.
How can wealth professionals see which iCapital funds are available?
The iCapital funds available can be viewed by wealth professionals who have subscribed to the Netwealth-iCapital portal. The Netwealth-iCapital portal is not available for investor access (including no access for qualified wholesale investors).
How does a wealth professional access the Netwealth-iCapital portal?
Step 1: Wealth professionals can request access to the Netwealth-iCapital portal through Netwealth’s Wealth Exchange online app store, which can be found through the Business Settings drop down menu when logged in to Netwealth. The Wealth Professional requesting access must be located in Australia. For any further information regarding how to access Wealth Exchange, please click here.
Step 2: Click subscribe at the iCapital Wealth Exchange application tile to read and acknowledge the required disclaimers and trigger a registration request for user log in access.
Step 3: The subscriber will receive an email from no-reply@icapitalnetwork.com within 5 days to complete the subscription process. Follow the ‘Create Your Password’ prompt to begin.
Step 4: Once registered you will have access to the Netwealth-iCapital portal. The following website link should be retained for future access - netwealth.icapitalnetwork.com/login.
Who can place investment instructions for an iCapital non-custodial fund?
Only advisers or professional investors can place investment instructions for an iCapital non-custodial fund. Non-advised investors cannot place investment instructions for an iCapital non-custodial fund. iCapital funds available through the Netwealth-iCapital portal will typically also be available in the non-custodial asset list for eligible users to place investment instructions via their Netwealth account.
Are the funds going to be available custodially or non-custodially?
Initial options will be available through the non-custodial administration service. iCapital intends to make available Funds able to be held in custody. For information on how to transact based on the availability of a fund, please refer to the relevant articles (Custody & Non-Custody). When viewing the iCapital portal, each investment option will denote the transaction accessibility.
How can a wealth professional request further information in relation to an iCapital Fund available through the Netwealth-iCapital portal?
Please contact your Netwealth distribution contact with your request for further information and Netwealth will connect you with iCapital.
For more information about the Netwealth-iCapital partnership, please contact your Netwealth distribution representative.