InvestCloud Introduces Private Markets Account Offering 

Wealthtech provider InvestCloud has introduced Private Markets Account (PMA), a new offering that enables management of alternative investments alongside traditional ones. The PMA is a new category of managed account sleeve that combines public and private assets on one platform, streamlining portfolio diversification, asset allocation, and operational efficiency, a spokesperson shared with Connect Money. 

The PMA offers a centralized location for the holding, valuation, and rebalancing of alternative investments, utilizing InvestCloud’s APL managed accounts platform, which presently supports nearly four million models. 

“The PMA will enable the wealth management industry to benefit from the private markets through a combination of our leading technology, relevant models and top-tier partnerships with key leaders in the industry,” said InvestCloud chairman and CEO Jeff Yabuki. 

With PMA, wealth managers and financial advisors can oversee a variety of private market securities, including private credit, private equity, interval funds, real estate, operating companies, non-traded REITs, and BDCs.