Eolas Capital, a provider of distribution and business services to boutique asset managers, and inCadense, a provider of separately managed accounts (SMAs) for asset and wealth managers, have formed a strategic partnership to simplify and expand access to customized SMAs and model portfolios for high-net-worth investors, family offices and institutional asset owners worldwide.

Through this collaboration, inCadense's asset manager clients seeking efficient entry onto U.S. SMA platforms will benefit from Eolas' distribution expertise, while boutique managers working with Eolas gain access to inCadense's global technology and comprehensive managed account solutions.

Eolas will focus on identifying and positioning differentiated boutique managers with the right intermediary relationships and platform opportunities, including those that serve both local and cross-border clients. inCadense provides an international SMA and model platform that can take those strategies and express them as managed accounts and models suitable for different jurisdictions, while also connecting into relevant custodians and trading infrastructures.

Eolas and inCadense are forming this partnership at a time of rapid growth in cross-border investment. According to U.S. Treasury International Capital (TIC) data, U.S. investors held more than $15 trillion in global investments and non-U.S. investors held more than $30 trillion in U.S. securities at year-end 2024.

"Many boutique or specialist managers lack the infrastructure, connectivity, or regulatory capabilities needed to participate in SMA programs internationally. Success in these programs requires a deep understanding of cross-border distribution, tax implications, market complexities and infrastructural nuances," said Kristen Fontaine, president and head of distribution for Eolas Capital. "Working together, Eolas and inCadense can help managers reach more investors, particularly via SMA and model-based distribution, rather than only through traditional fund wrappers."