iCapital completed the acquisition of SIMON Markets.

iCapital, a fintech platform, completed the acquisition of SIMON Markets, a securities product and services provider. Financial terms were not disclosed. “We have long-admired iCapital and everything it has accomplished in the alternative investing space. After a highly collaborative exploratory process over recent months, it became abundantly clear that together we can create an unrivaled experience for our clients and set the stage for iCapital’s continued expansion of investment opportunities and support services for advisors. Together we’re delivering something the wealth management industry has wanted for a very long time – access to all alternative solutions under one, centralized platform," Jason Broder, SIMON CEO.