Financial services firms launch new private markets and model portfolio programs

Several wealth management and asset management firms have announced new programs and partnerships aimed at expanding investment options for financial advisers.

Savvy Wealth, an AI-powered registered investment adviser, has launched a proprietary private markets program for independent advisers. In partnership with the $5.8 billion platform Allocate, the multi-vintage program will initially focus on assets from venture and growth managers, allowing advisers to offer private asset classes to qualified-purchaser clients.

In the technology and asset management sector, Vestmark and Allspring Global Investments have partnered to enable registered investment advisers to build and implement personalized, tax-aware model portfolios. The collaboration utilizes Vestmark’s unified managed account infrastructure to manage trading, rebalancing, and tax-aware transitions using Allspring’s actively managed solutions.

Additionally, WisdomTree and Return Stacked ETFs have formed a strategic relationship through the Quorus platform. This partnership aims to deliver capital-efficient, co-branded model portfolios that combine WisdomTree’s asset allocation expertise with Return Stacked ETFs’ approach to incorporating alternative and diversifying return streams.