Greenwood Capital announced April 16 it has formed a strategic alliance with First Trust Capital Management L.P. to allow its financial advisors to have expanded access to alternative investment strategies.

First Trust Capital Management offers a variety of alternative investments across private equity, venture capital, hedge funds, real estate and private credit options.

“The industry’s movement towards the democratization of alternative investments for use amongst a broader range of retail and institutional clients has opened the door for a large number of firms and products to enter the space,” said Mark Pyles, director of multi-asset strategies at Greenwood Capital. “In our first venture into the area, we sought to identify a partner with specific focus on serving RIAs through an educational and high-touch relationship experience. First Trust has an extensive history of working with firms similar to Greenwood Capital and we look forward to building a long-term evolutionary partnership between our two entities.”

Greenwood Capital specializes in investment advisory and management services, offering a variety of services for individuals and institutional clients. The business manages $1.6 billion in assets nationwide.