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Financial services

CAIS Expands Technology Integration with Schwab Advisor Services for Alternative Investments

Strategic Insights

— 1 min read

CAIS, a leading alternative investment platform for independent financial advisors, has announced an expanded technology integration with Schwab Advisor Services. This collaboration enables advisors to scale execution of ticker-traded alternative investment products and subscription-based funds through the CAIS platform, reinforcing CAIS as the single destination for alternative investments. The integration simplifies client onboarding, removes duplicative workflows, and strengthens oversight, allowing advisors to focus on delivering a better client experience.

Key Takeaways:

  • CAIS and Schwab Advisor Services have expanded their technology integration to support the execution of ticker-traded alternative investment products and subscription-based funds through the CAIS platform.
  • The collaboration enables advisors to bring account profiles onto the CAIS platform and facilitate transactions across both subscription-based and ticker-traded funds, removing duplicative workflows and manual processes.
  • The integration provides advisors with a faster, more streamlined way to access and trade a broad range of alternatives, allowing them to spend less time on operations and more time driving efficiency and delivering a better client experience.
  • CAIS has over 2,000 wealth management firms as clients, supporting more than 62,000 financial advisors who oversee approximately $7 trillion in end-client assets.
  • The CEO of Focus Partners Wealth, Chris Wilde, praised the expanded integration, stating that it represents a "meaningful step forward" for the industry, consolidating subscription-based and ticker-traded alternatives onto a single platform with robust oversight.

Statistics:

  • CAIS serves over 2,000 wealth management firms that support more than 62,000 financial advisors.
  • These advisors oversee approximately $7 trillion in end-client assets.
  • CAIS was founded in 2009 and is headquartered in New York City with offices in Austin, TX; London; and Red Bank, NJ.

Sources:

  • "CAIS and Schwab Advisor Services Enhance Anywhere in the U.S. Trade and Custodian Relationships to Better Cater to the Needs of Independent Advisor Firms and Their Clients." (2022)
  • "CAIS Appoints New Head of Trading and Investment Operations." (2022)
  • "Focus Partners Wealth | People | Leadership." Focus Partners Wealth.

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