InvestCloud to enable multiple service
providers across the InvestCloud PMA Network to seamlessly access
the full suite of capabilities to manage alternative investments on
InvestCloud APL, a market-leading managed account platform with
more than $3 trillion of assets on the platform
Apollo to provide private markets model
portfolios enabling a financial advisor’s preferred portfolio
construction – including fixed income, equity and real asset
private market replacement solutions, risk-based portfolios and
outcome-based solutions – across the InvestCloud platform
InvestCloud, a global leader in wealth technology, today
announced a founding partnership with Apollo (NYSE: APO) to
activate the Private Markets Account Network (PMA Network), which
was launched with the first-of-its-kind Private Markets Account
(PMA) in December 2024. Only available from InvestCloud, the PMA
combines public and private assets within a single, unified
platform to enable a seamless wealth management experience for
financial advisors and their clients.
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This collaboration enables InvestCloud’s wealth management
clients to incorporate Apollo’s private market model portfolios,
and multi-manager models, into their managed account programs
through its industry-leading APL platform. By offering efficient
access to private markets alongside traditional public market
securities, the partnership empowers thousands of advisors to
diversify portfolios with confidence and achieve better investment
outcomes for millions of clients.
The PMA Network is a connected ecosystem of asset managers,
wealth managers, intermediaries, distributors and model creators
that will include access to Apollo’s private market model
portfolios within the PMA, a centralized point for holding, valuing
and rebalancing alternative investments for those who are eligible.
The PMA Network will use the InvestCloud platform to connect wealth
managers to an array of alternative asset managers, making private
markets products available for inclusion in portfolios. Apollo is
the founding alternative asset manager in the PMA Network, leading
the market on combining private and public market investments in a
single portfolio.
“The PMA Network is a unique InvestCloud innovation designed to
crack the code on how wealth managers, financial advisors and
investors access private markets to deliver a unique and seamless
public-private investment experience,” said Jeff Yabuki, Chairman
and CEO of InvestCloud. “By combining Apollo’s deep private market
expertise with our leading technology, we are dramatically
accelerating the integration of private markets into the wealth
management landscape.”
Yabuki added, “We are thrilled to have Apollo as the founding
alternative asset manager to join the PMA Network, which connects
private markets asset managers, wealth managers and other
suppliers. The Network is further democratizing access to private
markets, helping our clients to achieve better outcomes for their
customers. The PMA is a truly innovative solution, and the close
partnership with Apollo creates an unrivalled capability, offering
and platform.”
“The convergence of private and public markets is shaping the
future of wealth management. Apollo is investing heavily to provide
the global wealth market access to private markets investments and
seamless infrastructure for advisors to integrate these solutions
into their broader client portfolios. Today’s announcement is the
culmination of months of deep collaboration with InvestCloud, a
partnership we believe marks a pivotal step for the wealth
management industry to broadly manage true total-market portfolios.
Leveraging InvestCloud’s world-class platform, and client base of
leading wealth management firms, Apollo and other general partners
within the PMA Network can gain unparalleled access to distribution
channels, creating new possibilities for the entire ecosystem,”
said Stephanie Drescher, Partner and Chief Client & Product
Solutions Officer at Apollo Global Management.
Apollo’s portfolio strategies include a wide range of private
market investments. Designed to simplify and align with advisors’
preferred portfolio construction approach, Apollo’s model solutions
can support full fixed income, equity and real asset replacement
solutions to create complementary risk-based total market
portfolios, as well as outcome-based private market solutions.
Originally unveiled in December 2024, InvestCloud’s Private
Markets Account is poised to evolve further in 2025 with enhanced
capabilities to help clients stay ahead of the market. The PMA is
enabled by APL from InvestCloud, which is the largest managed
accounts platform in the country with more than $3 trillion of
assets across nearly 10 million accounts utilizing nearly 4 million
models on its market-leading technology. APL will bring the
innovation of the PMA to the network, with enhanced efficiency and
effectiveness.
About InvestCloud InvestCloud, a global leader in wealth
technology, aspires to enable a smarter financial future. Driving
the digital transformation of the wealth management industry, the
company serves a broad array of clients globally, including Wealth
and Asset Managers, Wirehouses, Banks, RIAs, and Insurers. In terms
of scale, the company’s clients represent more than 40 percent of
the $132 trillion of total assets globally. As a leader in
delivering personalization and scale across advisory programs,
including unified managed accounts (UMA) and separately managed
accounts (SMA), the company is committed to the success of its
clients. By equipping and enabling advisors and their clients with
connected technology, enhanced intelligence, and inspired
experiences, InvestCloud delivers leading digital wealth management
and financial planning solutions, complemented by a dynamic data
warehouse, which scale across the complete wealth continuum. In
2024, InvestCloud introduced the first-of-its-kind Private Markets
Account™ and Private Markets Account Network to enable integrated
management of public and private markets assets from a single,
unified managed account. InvestCloud was also named a CNBC World’s
Top Fintech Company, a proof point of the company’s commitment to
innovation and client success. Headquartered in the United States,
InvestCloud serves clients around the world. Learn more at:
https://investcloud.com/pma/
About Apollo Apollo is a high-growth, global alternative
asset manager. In our asset management business, we seek to provide
our clients excess return at every point along the risk-reward
spectrum from investment grade credit to private equity. For more
than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of December
31, 2024, Apollo had approximately USD $751 billion of assets under
management. To learn more, please visit www.apollo.com.
Apollo Forward-Looking Statements
This press release contains forward-looking statements that are
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
discussions related to Apollo’s expectations regarding the
performance of its business and other non-historical statements.
These forward-looking statements are based on management’s beliefs,
as well as assumptions made by, and information currently available
to, management. When used in this press release, the words
“believe,” “anticipate,” “estimate,” “expect,” “intend” and similar
expressions are intended to identify forward-looking statements.
Although management believes that the expectations reflected in
these forward-looking statements are reasonable, it can give no
assurance that these expectations will prove to have been correct.
These statements are subject to certain risks, uncertainties and
assumptions. Apollo believes these factors include but are not
limited to those described under the section entitled “Risk
Factors” in Apollo’s most recent annual report on Form 10-K filed
with the Securities and Exchange Commission (the “SEC”), as such
factors may be updated from time to time in Apollo’s periodic
filings with the SEC, which are accessible on the SEC’s website at
www.sec.gov. These factors should not be construed as exhaustive
and should be read in conjunction with the other cautionary
statements that are included in this press release and in Apollo’s
other filings with the SEC. Apollo undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future developments or otherwise, except as
required by applicable law. This press release does not constitute
an offer of any Apollo fund.
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version on businesswire.com: https://www.businesswire.com/news/home/20250220281183/en/
For InvestCloud Media Inquiries InvestCloud
Communications Email: Britt.Zarling@MotivePartners.com For Apollo
Media Inquiries: Tim Quinn Email: tquinn@apollo.com
Apollo Global Management (NYSE:APO)
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