HSBC UK Private Banking Partners with Addepar to Offer Customers a Completely New Reporting Experience
London (ots/PRNewswire)
HSBC UK Private Banking is the first major British bank to utilize Addepar’s leading software platform specifically for wealth managers. This follows the platform’s introduction in the US private bank, with plans to roll out later this year in the Channel Islands and Luxembourg.
HSBC UK Private Banking serves domestic and international affluent private clients as well as family offices. As one of the world’s largest banking and financial services companies, HSBC is committed to providing its clients with an exceptional experience through leading digital solutions.
The Addepar platform offers enhanced client reporting with complex aspects such as alternatives and account aggregation. Client advisors and investment counselors can provide their clients with tailored, comprehensive performance data and insights into their investments with just a few clicks.
Additionally, the platform can also summarize the performance of clients who hold investments with other wealth managers, giving clients a complete overview of their entire investment portfolio.
Charles Boulton, Head of Private Banking, HSBC UK, said: „We are excited to introduce Addepar’s software platform for wealth management. Providing customized real-time reports for all asset classes is crucial for our clients.“
With Addepar’s platform, our clients have the best possible insight to manage an increasingly complex financial landscape. The ability to present a client with their entire portfolio, giving them a holistic view of their assets in various currencies and with different wealth managers, is a significant step forward for us.“
James Thomson, Head of Investment Advisory, HSBC UK Private Banking, said: „As a leader in alternative investments and with an increasing number of private banking clients wanting to hold a portion of their portfolio in this asset class, Addepar’s advanced reporting features in alternative investments were a key selling point.“
Thanks to our new reporting features, our investment advisors can offer our clients deeper insights and more transparency in a more efficient manner. This gives them more time to focus on the essentials: providing high-quality advice based on solid analysis.“
Eric Poirier, CEO of Addepar said: „Addepar is dedicated to bringing more transparency, connectivity, and intelligence to the global investment ecosystem. HSBC UK Private Banking’s decision to choose our platform exemplifies this forward-thinking leadership – a solution that provides investors, advisors, and their clients with a comprehensive and timely data-driven perspective to navigate complexity with actionable insights. As our first major British bank partner, HSBC is redefining what it means to lead with data and provide a truly differentiated customer experience.“
About HSBC UK
HSBC UK serves over 15 million active customers throughout the United Kingdom, supported by 23,900 employees. They offer a comprehensive range of retail banking and wealth management services for retail and private banking customers, as well as business banking services for small and medium-sized enterprises and large corporations. HSBC UK is a ring-fenced bank, meaning a specially protected area of the bank, and a wholly-owned subsidiary of HSBC Holdings plc.
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from branches in 58 countries and territories. With assets of $3.017 trillion as of December 31, 2024, HSBC is one of the largest banking and financial services companies in the world.
About HSBC Global Private Banking
HSBC Global Private Banking helps clients manage, grow, and preserve their wealth across generations. The global network of experts helps clients access investment opportunities around the world, plan for wealth and succession for the future, manage their portfolio with tailored solutions, and find the right support for their philanthropic engagement. Visit their website here.
About Addepar
Addepar is a global technology and data company that helps investment specialists provide informed and precise advice to their clients. Over the past ten years, hundreds of thousands of users have trusted Addepar to make smarter investment decisions and receive better advice. With a customer presence in over 50 countries, Addepar’s platform aggregates portfolio, market, and client data for assets of over $7 trillion. The open platform of Addepar can integrate with more than 100 software, data, and service partners to provide a complete solution for a wide range of businesses and use cases. Addepar operates with a global, flexible working model with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Edinburgh, Pune, and Dubai.
Contact Information
For HSBC UK: Lauren Crocker | lauren.crocker@hsbc.com; For Addepar: Sarah Pugsley | communications@addepar.com