Published on 7 October 2025
Here’s what’s happened since our last update two weeks ago: Addepar opened a new office in Switzerland, Carta bought London-based Accelex, and Arch set up a new Client Advisory Board. It’s also been a busy time for product launches and integrations — Masttro is opening up its platform further, ORCA introduced its new AI tool Sonar, and AgilLink launched Connect to Bank, along with several other updates across the industry.
Want to receive these updates via email? Sign up here.
Upcoming Events:
📅 November 18-19, 10 AM - 2PM ET – 3rd Annual FOTechHub Tech & Ops Conference 2025, our flagship event.
🎫 Attendance is complimentary for family offices - Register.
Funding, M&A and Strategic Moves
Addepar Expands to Switzerland
Addepar has opened a new office in Geneva, Switzerland—its fourth in Europe and the Middle East—to strengthen support for regional clients. The firm already operates offices in London, Edinburgh, and Dubai, alongside its global hubs in the U.S. and India. The move underscores its commitment to the European wealth market, bringing portfolio reporting, analytics, and alternatives data tools closer to local users. This expansion follows Addepar’s $230 million Series G funding round announced in May, which valued the company at $3.25 billion and is helping fuel its global growth and R&D investment. Addepar now serves over 1,300 firms in 50+ countries, representing more than $8 trillion in assets.
Carta Acquires Accelex to Power AI-Driven Analytics for LPs
Carta has acquired Accelex, a London-based AI-powered data automation platform focused on alternative investments for institutional limited partners (LPs). Through the deal, Carta is rolling out a new LP Portfolio Analytics suite that automates document collection, extracts KPIs from unstructured files (like emails, PDFs, portals), and presents dashboards with metrics such as IRR, MOIC, exposure, and cohort analysis. The integration promises to reduce manual work, flag data irregularities, and maintain audit trails tied back to original sources, while enabling LPs to view their full alternative investment portfolio—both on and off Carta. Accelex’s tech will be gradually merged into Carta’s ecosystem, while leveraging Carta’s fund admin, tax, and reporting capabilities. The move enhances Carta’s platform, which already supports over 125,000 LPs and administers more than 9,000 funds/SPVs with $185 billion in assets under administration.
Arch Establishes Client Advisory Board
Arch has formed a Client Advisory Board made up of senior leaders from leading banks, family offices, institutions, and wealth management firms to help guide its product development and strategy. The board is structured around four client segments—Institutions & Allocators; Investment Advisors (including RIAs, banks, multi-family offices); Platforms; and Family Offices—and is intended to ensure Arch remains closely aligned with client needs as it scales. Following a recent $52 million Series B round, Arch says it plans to accelerate its investment in workflow automation, AI-driven insights, and new tools for private markets investors.
The TM Group Earns Microsoft Specialization for Small and Midsize Business Management
The TM Group (TMG) has earned Microsoft’s Small and Midsize Business Management specialization within the Microsoft AI Cloud Partner Program. This recognition highlights TMG’s expertise in implementing Dynamics 365 (especially Business Central) and integrating with the Microsoft cloud. According to TMG, the specialization means clients can expect deeper ERP and operations support, faster deployments, better alignment with the Microsoft Power Platform, Microsoft 365 and Azure, and more scalable solutions.
Partnerships & Integrations
Canoe Intelligence & Masttro Partner to Automate Alts Reporting
Masttro continues to open up its system through a series of integrations. Its latest partnership with Canoe Intelligence enables automated delivery of key alts data—such as capital calls, distributions, and valuations—directly into the Masttro platform, streamlining operations for wealth managers and family offices. This follows Masttro’s July collaboration with Arch, which brought real-time alternative investment data into its system to provide visibility across liquid and illiquid assets. These integrations build on Masttro’s December 2024 launch of its next-generation platform, which introduced, among other updates, a new API to improve connectivity with other systems. These moves mark a clear shift in strategy for Masttro, which for years operated as a more closed platform. Alongside these updates, Masttro’s Doc AI module uses artificial intelligence to streamline alternative investment workflows by ingesting, classifying, and extracting data from documents and storing them in Masttro’s digital vault.
Canoe and Atomic Partner to Automate Capital Call Payments
Canoe Intelligence has teamed up with Atomic Insights to make the process of handling capital calls and payments for alternative investments faster and easier. The partnership connects Canoe’s data platform with Atomic’s payment automation system, so information like capital calls and payment details can flow automatically between them. This helps family offices and investment firms process payments more efficiently. Atomic Insights offers payment workflow automation tools tailored for RIAs and family offices. It has API integrations with Schwab, Salesforce, Addepar, Arch and Canoe.
BlackCloak and WWT Partner to Expand Executive Cyber Protection
BlackCloak has partnered with World Wide Technology (WWT) to bring its Digital Executive Protection services to large companies around the world. Through this partnership, WWT will offer BlackCloak’s personal cybersecurity and privacy protection for executives, board members, and their families as part of its enterprise security solutions. The goal is to help organizations better protect high-profile individuals from growing online threats by combining WWT’s global reach with BlackCloak’s specialized expertise.
Forest Systems Joins Addepar Integration Center for Two-Way Data Sync
Forest Systems is now an official Addepar integration partner, allowing users to sync cash and investment data between the two platforms. Transactions created, updated, or deleted in Forest automatically flow into Addepar, while investment data from Addepar can be retrieved back into Forest to generate double-entry transactions—creating a fully connected accounting and investment workflow.
Product Updates
Foundation Source Adds Multi-Custodial Flexibility to Advisor-Branded DAF Platform
Foundation Source has upgraded its turnkey donor-advised fund (DAF) platform to give advisors more flexibility and control. The update adds multi-custodial capabilities to its existing white-label setup, allowing advisors to use their preferred custodians while keeping their own branding, investment strategies, and client experience. Built through a partnership with BridgeFT, the platform now integrates more easily with advisors’ existing technology stacks. The result is a more adaptable philanthropic solution that combines custodial independence with modern donor tools like real-time visibility and one-click grantmaking.
ORCA Rolls Out ‘Sonar,’ Its First AI Tool for Entity Management
ORCA has launched Sonar, an AI-powered feature that automates data extraction and structure creation in its legal entity management platform. Sonar pulls key details from unstructured documents such as shareholder agreements, loan papers, and structure charts, cutting onboarding time from weeks to days and improving data accuracy. ORCA reports strong early results, noting faster development cycles and higher data completeness. The company plans to continue expanding AI capabilities to further streamline onboarding, maintenance, and reporting for clients.
AgilLink Launches ‘Connect to Bank’ to Automate Daily Bank Data Imports
AgilLink has released Connect to Bank, a feature that makes it easier to manage bank data. It automatically pulls in prior-day balances and transactions from thousands of banks, removing the need for manual uploads. Users can see live and prior-day balances on their dashboard and run automatic bank reconciliations. Connect to Bank is part of AgilLink’s growing system that links accounting, banking, investments, and payments in one place. It works alongside InvestLink, which brings together investment data, and Bill Pay, which simplifies and secures payments for family offices.
Alkymi Unveils ‘Alkymi Alts’ for Automated Alternatives Data Management
Alkymi has launched Alkymi Alts, a new platform that automates how firms manage alternative investment data—from sourcing and extracting information to validating, normalizing, and integrating it into accounting and analytics systems. The launch builds on Alkymi’s recent funding round in August 2025. Alkymi Alts streamlines processes such as capital calls, distributions, and valuations, giving investors faster, more accurate, and fully auditable access to their alternatives data.
K1x Adds W-2 Extraction to Aggregator Plus Platform
K1x has upgraded its Aggregator Plus platform to support W-2 data extraction, joining its existing capabilities for K-1 and 1099 processing. With the new feature, the platform can extract both structured and unstructured data from W-2 forms—alongside K-1s and 1099s—into clean, review-ready formats. Additional features include support for footnotes, attachments, and various tax schedules, plus easy export into CCH Axcess.
People Moves
Asseta has expanded its team with three key hires. Benjamin Hogue joins as Head of Product to lead the roadmap, gather client input, and collaborate with engineering on new features. He previously served as Vice President of Product at AgilLink, overseeing bill pay, accounting, and portfolio management solutions. Albert McClellan also joins as a Full-Stack Engineer, bringing over a decade of software development experience from Google and Atlassian. Rounding out the new additions, Biplov Dahal joins as Founding Engineer, reporting directly to the CTO. With prior experience at Amazon, BCG, and Apple, Biplov will play a key role in developing solutions for Asseta’s clients.
QPLIX Continues Hiring Spree, adding new talent across Sales, Development, and Delivery as it scales operations following its €25M+ financing round in December 2024. The Munich-based wealth management software firm, backed by Deutsche Bank and Partech, is growing its team to support expansion into France, Switzerland, the UK, the Middle East, and APAC. QPLIX’s technology provides real-time analytics, reporting, and portfolio lifecycle management to clients including Deutsche Bank.