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

Arch, a platform that tracks private market investments has partnered with Archway Group, a technology and outsourced provider for single- and multi-family offices. 

The partnership will deliver a β€œunified, end-to-end solution for UHNW investors and their advisors.”

β€œThis partnership represents an opportunity to bring the market a fully-integrated alternative investments workflow, reporting and accounting solution designed to empower both capital allocators and operations teams,” Ryan Eisenman, co-founder and CEO of Arch, said. 

The firms said there is a need for modern reporting tools for alternative investments such as private equity, venture capital and hedge funds. In total, the alternative investments sector is expected to be worth $29.2 trillion in 2029.

Archway supports nearly 600 UHNW families, including 10 of the wealthiest 25 families in the US, with over $750 billion tracked across complex portfolios, trusts and operating entities. 

Arch says it streamlines the lifecycle of alternative investing – from logging into portals and collecting documents to automating capital calls and delivering real-time reporting. The platform supports $275 billion in private assets.