NEW YORK and BERWYN, Pa. – iCapital and Envestnet announced an expanded partnership that enables advisors to access alternative investments through Envestnet’s Unified Managed Account platform, according to a press release statement.
The integration allows advisors to incorporate alternatives and structured investments alongside traditional public market holdings within a single account structure. Advisors can access iCapital’s technology platform through Envestnet’s advisor-traded sleeves using single sign-on functionality.
“As alternatives increasingly become a core component of portfolios, advisors need a practical way to implement them alongside traditional assets,” said Gary Gallagher, President of iCapital.
Dana D’Auria, Co-Chief Investment Officer and Group President at Envestnet Solutions, said the expansion aims to give advisors the ability to bring investment opportunities into a unified portfolio experience.
Envestnet has onboarded two products managed by iCapital: iDPC, a private credit fund, and ODS, a structured investments SMA. Both are available within portfolios and models on the Envestnet platform.
iCapital has more than $1.14 trillion of assets serviced globally on its platform as of January 31, 2026, including $300.6 billion in alternative platform assets, $251.4 billion in structured investments and annuities outstanding, and $589.4 billion in client assets reported. The company serves over 3,300 wealth management firms and 123,000 active financial professionals.
Envestnet manages $7.0 trillion in platform assets and is used by over a third of all financial advisors across banks, wealth managers, brokerages, and RIAs. The company’s stock has delivered a 57% return over the past year, currently trading at $6.21 with a dividend yield of 5.5%. According to InvestingPro analysis, Envestnet appears undervalued relative to its Fair Value, placing it among opportunities on the platform’s most undervalued stocks list. The platform offers access to over 1,200 additional financial metrics and exclusive ProTips for deeper investment analysis.
iCapital and Envestnet are separate and unaffiliated firms.
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