Addepar launches digital Marketplace

Addepar has launched a digital platform to connect HNW clients with private capital market funds.

The platform is available through the firm’s broker-dealer Acervus Securities, which completes a thorough diligence process on all funds before they are allowed access.

Marketplace is partnering with iCapital Network to offer its clients access to private equity vehicles via networking platform Artivest. The partnership also enables them access to hedge funds.

The platform is also partnering with secondary market advisor Melting Point Solutions to enable HNWs access to secondary vehicles.

Marketplace is also offering HNWs access to private company securities through its partnership with Zanbato network, as well as cash management facilities.

Once transactions are completed, they feed back to Addepar’s analysis and reporting application.

According to Eric Poirier, the current global pandemic and corresponding market volatility was the catalyst to launch this product now. “Our clients are demanding longer-term investments that fuel lasting solutions, and the world now has a wide range of problems we all must confront and solve together,” he added.

Founded in 2009 during the last financial crisis, wealth management platform Addepar specialises in data aggregation, analytics and reporting for portfolio, market and clients.