Professional wealth management software enhances portfolio performance reporting for domestic and international clients of U.S. Private Banking
HSBC U.S. Private Banking, part of the bank’s Wealth and Personal Banking business, announced that it has selected Addepar, a leading technology platform purpose built for investments, as its consolidated client performance reporting platform. HSBC’s U.S. Private Banking serves domestic and international high net worth and ultra high net worth clients, as well as family offices, with $65 billion in assets under management.
“This new partnership with Addepar combines best-in-class technology with advanced analytics that will help us best serve our clients based around the world”
As one of the largest banking and financial services organizations in the world, HSBC is committed to building the bank of the future by implementing transformative digital solutions for clients. Addepar’s innovative software and data platform for wealth and investment managers is a proven leader in the space, with a client base that includes more than 800 of the world’s top family offices, registered investment advisors, private banks and large financial institutions across more than 30 countries.
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Addepar will provide HSBC U.S. Private Banking with critical tools, such as comprehensive portfolio views and in-depth analytics, which will optimize the client experience. The platform will also improve reporting on private and alternative investments, leverage multi-currency capabilities, and provide tailored reporting for sophisticated needs of internationally-minded high net worth and ultra high net worth clients, as well as family offices.
“This new partnership with Addepar combines best-in-class technology with advanced analytics that will help us best serve our clients based around the world,” said Jessie Zhu, Head of Investments and Wealth Solutions, WPB US and Americas, HSBC. “We look forward to working with Addepar to manage, grow and preserve clients’ wealth for generations to come.”
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“Investment professionals are facing constantly shifting environments and markets as they navigate the current financial landscape, with a need for technology and quality data being more acute than ever. We are thrilled to partner with the forward-thinking team at HSBC to bring Addepar’s category-defining platform to their U.S. Private Banking business,” said Eric Poirier, CEO, Addepar. “The scalability, flexibility and security of our platform unlocks the ability for us to serve the fast-changing needs of the largest banks around the globe, and in turn, for them to provide exemplary service to their clients. We look forward to continuing to grow with HSBC in the years ahead.”
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