Turnkey asset management program provider Axxcess Wealth Management has selected HiddenLevers to “power” its Axxcess Allocator platform, an end-to-end portfolio management platform for financial advisors. Headquartered in Carlsbad, Calif., the Axxcess Wealth TAMP has $1.6 billion in platform assets.
In a nutshell, Axxcess is integrating with components of HiddenLevers Asset Manager Platform via API within its own advisor-facing tech stack. Axxcess Allocator is meant to provide advisors with access to third party strategies and alternative investments such as hedge funds and real estate. And the HiddenLevers Allocator Workflow technology enables users to create customized recommendations using these strategies. The Axxcess Platform then leverages the HiddenLevers API to get orders ready for a trade execution platform and CRM notation.
"The HiddenLevers Allocator Workflow seriously lowers execution friction for TAMPs," said Audrey Satre, HiddenLevers Product Manager. "Imagine an advisor being able to mix and match strategies, including alts and getting on the fly analytics. Then, they can compare the new allocation to the advisor or client's current portfolio – that's what we made happen for Axxcess."
Axxcess clients include single and multi-family offices, traditional wealth advisory firms and money managers. According to a prepared statement, the Axxcess Platform integrates third party investment managers alongside real estate, private equity and hedged investments to create a UMA/TAMP Platform that is operated by Axxcess Wealth Management. The platform uses alternatives like private equity, private credit, hedge funds and directed real estate alongside traditional SMA strategies.
HiddenLevers announced an integration with wealth management reporting provider First Rate in July and a partnership with Focus Financial to build out a business intelligence platform in March.