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! Subscribe to Alt Goes Mainstream to receive the weekly newsletter every Sunday and all of AGM’s podcasts. Show Notes 00:00 Introduction and Guest Welcome 00:34 Evolution of UMAs in Private Markets 01:03 Incorporating Alternatives into UMAs 01:32 Private Markets Integration Workflow 02:41 Challenges and Solutions in UMA Implementation 03:32 Customization and Sleeving in UMAs 04:32 Client-Centric Solutions and Advisor Needs 05:21 Early Adoption of Private Market Solutions 06:17 Building a Robust Model Marketplace 08:37 Future of Model Portfolios and UMAs 13:10 Post-Investment Processes and Technology 14:17 Data Solutions and Performance Reporting 15:06 Growth Projections for UMAs and Private Markets 16:09 Conclusion and Final Thoughts 16:12 Closing Remarks and Thank You
