Itaú Private, a provider of private banking services, has announced an exclusive partnership with Addepar, a global firm focused on technology and data solutions for investment professionals.
This strategic collaboration grants Itaú Private exclusive “access to Addepar’s comprehensive data aggregation and performance reporting platform in Brazil, enhancing the bank’s ability to deliver superior service and investment solutions to its advisors and clients.”
Through this partnership, Itaú Private clients “will gain access to powerful tools and detailed reports that provide insights into their global wealth—both onshore and offshore—including returns, transactions, historical data, and balances.”
These capabilities will enable a fully automated and personalized “evaluation of each client’s unique financial interests and needs.”
Fernando Beyruti, Global Head of Itaú Private Bank, said the initiative also enables them to introduce an advisory model that evaluates clients’ total assets.
Addepar serves a global client base, “providing advanced financial technology solutions to investment professionals across more than 45 countries.”
The platform currently supports over $6 trillion in assets under management, “offering robust data aggregation and performance reporting tools that empower clients to make better decisions and deliver more informed advice.”
As noted in the update, Addepar is a global technology and data company “that empowers investment professionals to deliver precise and informed guidance to their clients.”
Addepar‘s platform aggregates portfolio, market, and client data “for over $6 trillion in assets.”
The platform integrates with more than 100 software, data, and service partners, providing a comprehensive solution for a diverse range of firms and use cases. Addepar has a global presence, with “offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Dublin, Edinburgh, and Pune.”
Itaú Private is a market participant “with approximately R$ 880 billion in allocated capital—R$660 billion onshore and R$162 billion offshore (as of March 2024)—and holds around 30% market share in its segment in Brazil, according to data from Anbima.”
With a team of around 800 employees, “including 350 professionals across its international offices in the United States, Portugal, Switzerland, and the Bahamas.”
Miami is Itaú Private’s international hub that “provides clients with wealth management and banking products and services, including portfolio management and personalized advice by experienced investment professionals.”
In Switzerland, the conglomerate has “a bank, and in the Bahamas, a trust management company, which helps to serve clients who have to set up investment structures abroad.”
