iCapital, which delivers access to alternative investing to asset and wealth managers, has announced plans to acquire third-party distributor for structured notes Axio.

The firm is seeking to expand its suite of investment strategies and bolster its distribution capabilities to support fund managers and build on the platform’s educational efforts, technology offering, and support system for financial advisers. The transaction is expected close during the final quarter of 2021. Axio’s chief executive officer Marc Paley (pictured) is expected to take the role of managing director and head of distribution, reporting to iCapital chairman and chief exec

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