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Deals Of The Day: The Latest In Wealth Management M&A – Wealth Enhancement Group, iCapital

Editorial Staff

11 March 2022

Wealth Enhancement Group
US-based , the fintech platform serving alternative investments such as private equity, has agreed to buy Sifel Financial’s feeder fund platform for the hedge fund space.

When the deal is closed, iCapital’s technology will streamline and automate onboarding, subscription processing and lifecycle operations for Stifel feeder funds and support that firm’s advisors and high net worth clients.

As part of the deal, Stifel employees who support the feeder fund platform will be offered roles at iCapital. 

The financial terms of the transaction, which is expected to close later this quarter, were not disclosed

As of the end of January this year, New York-based iCapital serviced $112 billion in client assets.