Automation rollout targets reporting gaps and data fragmentation across alternative investments.
HB Wealth is deepening its partnership with Arch as operational challenges tied to private markets continue to mount across the RIA channel.
Advisors have been steadily increasing allocations to alternatives in pursuit of diversification, stronger returns, and differentiation for clients. But while access to private markets has improved, many firms are finding their back-office infrastructure ill-equipped to handle the complexity that comes with managing those investments at scale.
Instead of access, the real bottleneck has become operational: tracking, reconciling, and reporting on hundreds or even thousands of holdings remains difficult due to inconsistent documentation and fragmented reporting standards.
Against that backdrop, HB Wealth is expanding its use of Arch’s platform to automate document collection and reporting while delivering real-time visibility across more than 10,000 private holdings. The firm, which manages $30 billion in assets and has allocated more than $5 billion to private markets, ranks among the top fifth of RIAs by exposure to alternatives.
The enhanced partnership centralizes processes around key documents such as K-1s and investment statements, helping reduce administrative strain while improving coordination with CPAs, clients, and broader advisory teams.
Prior to adopting Arch, HB Wealth attempted to build internal systems—including Excel-based workflows and proprietary tools—but ultimately determined those approaches could not keep up with the scale of its alternatives program.
“Arch combines a strong technology platform with equally great service,” said Sean Hendler, director, Performance Reporting at HB Wealth. “The team is incredibly responsive and nimble and moves quickly to meet our needs to deliver functionality that leads to better portfolio management. Our partnership has not only enabled us to provide a higher level of service to our clients but also achieve greater efficiency within our investment team.”
HB Wealth, which operates from 12 offices across six states and serves clients in 48 states, provides wealth advisory, family office, and investment management services to a broad client base that includes business owners, executives, institutions, and multi-generational families.