HB Wealth Broadens Private Markets Exposure with Arch Partnership

Atlanta-based HB Wealth, a registered investment advisor, is bolstering its reach in managing private market portfolios in a partnership with Arch, an optimization platform. 

As part of the collaboration, HB Wealth will leverage Arch’s platform to automate document collection and reporting capabilities, enabling advisors to gain portfolio insights for private equity, private debt, and private real estate investments. 

Through Arch’s solutions, HB Wealth will be able to streamline various reporting, including K-1s, 1099s, and will use Arch’s tools to expand its CPA access, and investment statements and research, the firm said. 

Prior to adopting Arch, HB Wealth had attempted to build its own internal systems, which included Excel-based workflows and proprietary tools. However, the firm ultimately decided that the approaches could not be maintained with its alternatives program. 

“As HB Wealth strategically expands its geographic footprint, we’re thrilled to provide a solution that scales as fast as their ambition, driving margin expansion and high-touch client services as they grow,” Ryan Eisenman, CEO and co-founder of Arch, said. “Independent advisors use private markets as a tool to provide diversification, higher returns, and differentiation for their clients; they then encounter the increased work it takes to make, manage, and understand alternative investments.” 

In November, HB Wealth added a Charlotte-based five-person advisory team, initially forming the foundation of HB Wealth’s presence in the North Carolina market. 

Additionally, last August, HB Wealth was rebranded from Homrich Berg Wealth Management. The rebrand brings all existing teams and offices into full alignment under the HB Wealth banner. 

HB Wealth, which manages about $30 billion in assets under management, functions across 48 states from its 12 offices.