The North American firms are joining forces.
Adhesion Wealth, which provides outsourced investment management solutions for registered investment advisors, has partnered with Addepar, a tech platform, to provide customizable investment management solutions for the RIA sector.
Through this partnership, RIAs obtain more reporting flexibility and save time. Adhesion advisors gain access to Addepar’s portfolio reporting and analytics platform.
The Addepar platform aggregates data from more than 250 proprietary data feeds and integrates with advisory firms’ existing software through modern application programming interfaces. Addepar clients who want unified managed account and separately managed account capabilities will obtain data integration with Adhesion.
“This partnership represents a huge step forward for productivity and integration in wealth management,” Barrett Ayers, president of Adhesion Wealth, said.
Addepar is based in Silicon Valley and has offices in New York City and Salt Lake City. Adhesion Wealth is a wholly-owned subsidiary of Vestmark, the business based near Boston, Massachusetts.