BB&T Securities has selected CAIS to bolster its menu of alternative investment offerings.
With CAIS, BB&T Securities, a wholly owned subsidiary of BB&T Corp., will gain access to premier hedge funds, private equity and debt, real estate and other non-traditional investment strategies for its financial advisers.
“CAIS will help us meet the growing demand of alternative investments from our financial advisers and their end-clients,” said Mark Knezevich, vice president of alternative investments at BB&T Scott & Stringfellow, a division of BB&T Securities.
CAIS is an alternative investment product platform offering wealth management professionals a complete end-to-end solution comprised of fund sourcing, independent due diligence provided by Mercer, product education, a simplified subscription process and reporting integration.
The total transaction volume on the CAIS platform since inception has grown to more than $6.5 billion, making traction since the $4.5 billion milestone was exceeded in second quarter 2017.
Founded in 2009, CAIS connects its network of alternative investment managers with more than 450 wealth management firms represented by 9,000 advisers who oversee more than $1 trillion in assets.
