The latest technology news in the wealth management sector from around the world.

Alto, a self-directed individual retirement account (IRA) platform, is partnering with Canopy, a special purpose vehicle management solution that works with fund managers and investors on private market transactions.

Under the partnership, when investors choose Alto as the IRA custodian on Canopy, information and signatures are securely shared between the two platforms, simplifying the process.

“Our goal at Alto is to make alternative investing with retirement funds as easy as investing in public markets,� Scott Harrigan, president of Alto, said. “Our partnership with Canopy extends that simplicity across their platform, giving investors streamlined access to private market opportunities they care about and making it easier for issuers and GPs who are raising capital.�

The market in private-placement alternative assets has risen to $20.4 billion in year-to-date fundraising. In aggregate terms, net asset value across private placement real estate investment trusts (REITs) and Business Development Companies (BDCs) has climbed to $93.2 billion, rising 43 per cent on a year before.