NEW YORK--(BUSINESS WIRE)--Mercury Capital Advisors, the global placement agent specializing in alternative investments, today announced that its digital platform, Mercury iFunds™, is a finalist at the Banking Technology Awards in the ‘Best Use of IT in Private Banking/Wealth Management’ category.The Banking Technology Awards recognize top achievers and innovators who have demonstrated the highest level of professional excellence in leveraging all forms of IT. A panel of eleven fintech experts across various disciplines selected the finalists via a multi-tiered evaluation process that culminated in an official vote. Winners will be announced during the awards ceremony on December 13th in London.
Since its launch in late 2016, Mercury’s iFunds™ platform has expanded access to alternative investments for wealth intermediaries by streamlining alternative product distribution with lower minimums, automation and customization. The firm’s innovation led to new distribution channels, mobile technologies, apps and video presentations that all allow wealth managers to provide additional solutions to clients.
“We’ve created a cutting-edge digital solution for wealth intermediaries who recognize that the public markets have become highly commoditized in recent years, and so they are eager to embrace alternatives. We are honored to be recognized as a finalist and remain committed to delivering a high-end solution for our clients,” said Donal Mastrangelo, Executive Director and Head of U.S. iFunds Distribution. “Our team remains committed to the evolution of digital wealth management which we believe is the key to bridging the gap between generations, uncovering further alpha opportunities and mitigating risks in a more efficient and transparent fashion.”
Mercury iFunds™is a curated, end-to-end solution that enables investors to search 19 investment categories, identify fund opportunities, conduct due diligence, and complete allocations with streamlined electronic subscription documents. Digital technology makes the investment process secure, while the iFunds™ desktop and mobile compatibility makes it more efficient.
ABOUT MERCURY CAPITAL ADVISORS
Since 2003, professionals at Mercury Capital Advisors Group, LLC have executed more than 100 mandates, raising in excess of $160 billion from pre-eminent institutional investors spanning the globe. The firm has sixteen offices and affiliates in the United States, Europe, Asia, Latin America and the Middle East. In 2015, Thomson Reuters ranked Mercury the #1 book-runner for total private equity placements around the world and Private Equity International ranked Mercury Placement Agent of the Year in North America and Asia.
