Morgan Stanley private wealth management teams will now use Addepar, a wealth management platform that services more than $500 billion in assets, on its system, Addepar announced Wednesday.
The agreement with the wirehouse is the largest to date for Addepar.
Morgan Stanley private wealth management teams will use Addepar's data aggregation, performance reporting and client portal to do analysis and fulfill end-clients' communications needs, Addepar said.
“Morgan Stanley has a strong track record of using technology to achieve industry-leading client service. Our platform enhances their ability to serve the reporting needs of their most complex end clients,” said Eric Poirier, Addepar CEO.
Addepar reached the $500 billion in assets on its platform last year with the addition of 85 new wealth managers, family offices and banks to its roster, Addepar reported.