NEW YORK, Sept. 10, 2013 /PRNewswire/ -- CAIS, the leading independent marketplace providing efficient access to institutional funds and products, today announced the expansion of its product menu to include capital markets syndicate offerings. CAIS will centralize a robust menu of equity and fixed income new issues from leading underwriters and financial sponsors, providing wealth advisors the opportunity to obtain allocations of IPOs and follow-on offerings generally only made available to institutional investors.
Capital markets syndicate is the latest addition to CAIS's existing product offering, which includes top-tier hedge funds, private equity funds, structured products and precious metals. Through this offering, CAIS will continue to provide the same level of customization and intuitive technology that advisors have come to expect, including electronic order entry, customized deal notifications and a consolidated syndicate calendar featuring offerings from multiple banks. Equity and fixed income offerings will include common stock across all sectors, MLPs, REITs, BDCs, preferreds, corporate bonds, municipal bonds, 144A/private placements and closed-end funds.
"Today, we are further leveling the playing field for wealth advisors by providing unprecedented, centralized syndicate access," said Rafay Farooqui, Co-Founder and President of CAIS. "We believe that providing capital markets access is an important addition to our established product menu of alternative investments and structured products that will better enable advisors to meet their clients' growing investment needs."
Additionally, bank underwriters and financial sponsors that partner with CAIS will gain streamlined distribution into the fragmented multi-trillion dollar independent wealth management industry. In launching its capital markets syndicate access, CAIS has formed several key strategic relationships with leading banks, most recently BMO Capital Markets (NYSE/TSX: BMO). CAIS will selectively expand these relationships to ensure diversity and consistency of syndicate offerings. The CAIS model represents a reliable and centralized high-net-worth distribution point that is non-competitive with bank capital markets mandates.