Welcome to the 16th episode of the Monthly Alts Pulse, a collaboration between iCapital x Alt Goes Mainstream.
We were live from iCapital Connect’s conference in Phoenix to announce a ground-breaking partnership in private markets: a collaboration between BlackRock, iCapital, and GeoWealth, where models that include both public and private markets exposure through a unified managed account (UMA) are now available to advisors.
I sat down with Jack Hannah, the President & COO of GeoWealth, and Michael Doniger, SVP, Partnerships at iCapital, to discuss the technology and market structure innovation of the UMA and how private markets can play a role in model portfolios.
In this live, unscripted episode, Jack, Michael, and I had a fascinating and lively discussion. We covered:
An introduction to the partnership between BlackRock, iCapital, and GeoWealth.
Incorporating private markets into UMAs.
The private markets integration workflow.
Customization and “sleeving” in UMAs.
Thanks Jack and Michael for a great episode … looking forward to next month’s Monthly Alts Pulse conversation!
Show Notes
00:00 Introduction and Guest Welcome
00:13 Meet the Guests: Jack and Mike
00:34 The Evolution of UMAs
01:03 Incorporating Alternatives into UMAs
01:25 Private Markets Integration
02:30 Challenges and Solutions in UMA Implementation
02:46 The Role of Technology in UMA
06:33 Customization and Sleeving
07:34 Advisor and Client Needs
09:37 Building the Model Marketplace
10:33 Future of Model Portfolios and UMAs
13:56 Post-Investment Processes
15:07 Data Solutions and Performance Reporting
16:02 Future Projections for UMAs and Private Markets
17:08 Conclusion and Final Thoughts
Share this post