InvestCloud and Apollo Partner for PMA Network Launch

InvestCloud, a leader in wealth technology, has announced a new foundational partnership with Apollo Global Management to launch the Private Markets Account (PMA) Network. This exclusive initiative aims to simplify and integrate the management of public and private market assets on a single platform. With Apollo as its founding partner, the PMA Network will enable wealth management clients to incorporate private market model portfolios, facilitating diversified investment portfolios for financial advisors and their clients. The initiative marks a significant innovation in wealth management as it challenges traditional investment paradigms, providing seamless access to both public and private markets. The collaboration leverages Apollo’s deep expertise in private markets and InvestCloud’s technology platform to broaden access to private market investments, enhancing wealth management strategies and outcomes for millions of clients. Both companies emphasize that this partnership and the PMA Network will democratize access to private markets and pave the way for integrated investment solutions.