Lawrence Calcano's new push to address RIAs' gripe about shopping alts on his software means getting providers to sell alts more like commodities, less like rare paintings

Another bullshit business model in the form of a marketing platform that takes management fees, placement fees, and whatever else they can get their hands on from private funds. Read the ADVI and II on the Advisor Search website and get a feel for the "value proposition" here. Maybe next time you run an article on iCapital, you could break out the AUM by "purchased" and "organic" growth. That's why they need all the capital they've raised - they're simply playing the rollup game. Maybe I'm wrong, but I don't see how any fiduciary advisor can make the case that the aggregate cost of any fund through iCapital has a better (after fee) prospects for the end client than a wisely chosen ETF. How about iCapital make that case with an example or two?