CAIS, the leading alternative investment platform, today announced its collaboration with Ares Wealth Management Solutions (“AWMS”) to onboard select Ares Management (“Ares”) alternative investment strategies and expand their reach to a broader audience of independent broker-dealers (IBDs) and registered investment advisors (RIAs).
CAIS will work with AWMS to create custom investment solutions that support new asset flow and business development opportunities for the independent advisor community. AWMS, in turn, expects to benefit from access to CAIS’ data-rich dashboard, which is expected to help measure product interest across more than 6,600 advisor firms and teams on the platform. This strategic partnership is intended to enhance the distribution and marketing capabilities for several Ares investment solutions, including its evergreen, drawdown, and ’40 Act funds.
“Ares and AWMS share our goal of expanding alternative investments access to IBDs and RIAs, especially as performances in the public markets face greater scrutiny,” said Matt Brown, Founder and CEO of CAIS. “The modern three-dimensional portfolio is here to stay, and we believe firms like Ares and AWMS, with their scale and commitment to the wealth management community, will play a strong role in bridging the gap between alternative investment managers and financial advisors.”
With a majority of financial professionals citing a lack of educational resources as a barrier to private markets investing, AWMS will also benefit from CAIS’ tech-enabled education platform, CAIS IQ, which helps independent financial advisors master various alternative investments, understand the role they play in client portfolios, and grow a client base seeking alternatives exposure.
“Through technology and education, CAIS has created an important point of access to the fragmented independent advisor community,” said Raj Dhanda, Partner, Global Head of Wealth Management in Ares Wealth Management Solutions. “We are pleased to bring select Ares products to the CAIS platform and create customized learning content for CAIS IQ as part of our broader corporate commitment to this audience.”
Source: Company Press Release
