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

HB Wealth, Arch
HB Wealth, a wealth manager, has widened its partnership with Arch to simplify the operational complexities of managing its private markets portfolios. 

HB Wealth uses Arch to automate document collection and reporting across more than 10,000 holdings. The wealth manager has pushed into the private markets space; more than $5 billion of its $30 billion in assets under management is in private markets.

“Private markets have long been a central component of our investment strategy,” Sean Hendler, director, performance reporting at HB Wealth, said. “Before implementing Arch, managing the fragmented information associated with these holdings was extremely time-intensive, and as our portfolios continue to grow, that challenge has increased accordingly. Arch has been critical in helping us streamline this process and manage the complexity efficiently at scale.”
 
Prior to Arch, HB Wealth explored building a solution of its own, attempting everything from Excel-based workflows to internal tools, before concluding that no internal solution could scale alongside the firm's growing private markets program. Beyond the time savings and efficiencies gained through the partnership, Hendler notes that the Arch team's responsiveness and client service has been a key differentiator. 

In July last year, Masttro, a global wealth technology provider serving family offices, RIAs, wealth managers, and high net worth individuals, formed a strategic partnership with Arch. Arch digitizes processes such as capital call tracking, document collection, and alternatives reporting, helping to reduce the administrative burden typically associated with these tasks. This publication recently spoke to Arch about its work.