For decades, portfolio reporting systems used by private wealth advisers were designed around a relatively narrow problem: aggregating public market securities held at one or more custodians and producing periodic performance reports that clients could understand and regulators could audit.
That problem has largely been solved.
What has not been solved, at least not at scale, is how to deliver a single, coherent client report that integrates, analyzes and explains both public and private market investments across a growing range of asset classes, structures and liquidity profiles. As allocations to private equity, private credit, real estate and infrastructure continue to rise in private wealth portfolios, this reporting gap has become one of the most important — and least discussed — constraints on broader adoption.
Advisers may believe in the case for private markets. Clients may express interest. Product availability has improved. But if private investmen
