Through this collaboration, Spouting Rock will provide a range of services to PPB, including: research on alternative managers, manager sourcing, due diligence, on-going monitoring, and reporting.

Advisors and investors will gain access to a platform of alternative investments, as well as execution services and reporting, the firms said.

"It is more critical than ever that alternative investments considered by advisors and investors exude excellence and provide transparency," said Brendan Lake, founder, president and chief executive of PPB Advisors.

"With access to product research and analysis, along with integration strategies based on custom asset allocation models, we aid advisors through every step of the investing process, while providing significant time and cost savings."