The deal means that Addepar adds to a roster of more than 800 clients, including banks, family offices and large financial groups.

HSBC US Private Banking has chosen Addepar, the tech platform, as its consolidated client performance reporting platform. 

The deal gives Addepar access to an organisation serving domestic US as well as international ultra-high net worth clients. Addepar already has a client base including more than 800 family offices, registered investment advisors, private banks and large financial institutions across more than 30 countries.

Addepar will provide the bank with tools such as portfolio views and in-depth analytics. The platform is designed to improve reporting on private and alternative investments and managing multi-currency capabilities.

“This new partnership with Addepar combines best-in-class technology with advanced analytics that will help us best serve our clients based around the world,” Jessie Zhu, head of investments and wealth solutions, WPB US and Americas, HSBC, said.