InvestCloud is expanding its private markets and managed accounts offering as the WealthTech provider targets record sales and more than $9tn in assets across its platforms.
The New York-based company said it has reached a series of commercial and product milestones since introducing a new strategic direction in October 2024. It expects low double-digit revenue growth this year alongside strong adjusted EBITDA growth, putting it above the Rule of 40 benchmark in 2026.
Its APL managed account platform holds more than $4.2tn in assets, up 20% from $3.5tn a year earlier. The platform spans 11 million accounts and 4.7 million active models, while processing an average of 2.4 million trades each day.
Private markets are a central part of InvestCloud’s growth strategy. Its PM+ offering allows firms to combine public and private assets within a single automated, model-based managed account.
Around $8bn in private market assets are already held on APL, with several wealth managers having adopted PM+ and additional firms in the pipeline.
PM+ connects with Altic, an AI-native, rules-based private markets network designed to handle the routing, validation, transport and lifecycle management of private market orders.
InvestCloud has invested more than $50m in building Altic, which is targeting a private markets industry worth more than $16tn. Several wealth and asset managers have committed to the network, with core services expected to be fully operational by the end of the year.
The company is also applying AI to advisor and client engagement, with its technology rebuilt around an AI-based foundation. Its platform includes a client mobile app, AI-powered advisor workspace and SMARTAI agents supporting daily briefings, meeting preparation, client intake and risk monitoring.
In May 2026, InvestCloud agreed a 10-year partnership with FIS to provide its advisor and client engagement technology to FIS wealth management clients.
InvestCloud chairman and CEO Jeff Yabuki said, “Since introducing our new strategic framework, we have been deliberate about turning our ambition into strong and consistent execution which enables our clients to win. We are investing in innovation that addresses market need and have assembled an outstanding team committed to excellence in everything we do.”
AssetMark EVP, chief wealth solutions and strategy officer David McNatt said PM+ provides a way to integrate private market investments into managed accounts alongside public market assets within a single portfolio.
“The ability to model, manage, rebalance, and report on both asset types through one process can help advisors deliver more comprehensive solutions to their clients,” he said.
Apollo Global Management partner and chief client and product development officer Stephanie Drescher said the Altic network could give general partners greater access to wealth management distribution channels.
InvestCloud said it returned to revenue growth in 2025, earlier than originally planned, while gross and net revenue retention have also improved.
F2 Strategy co-founder and executive chairman Doug Fritz also commented that the scale of InvestCloud’s platform demonstrates the demand for its technology.
“Integrating managed accounts, private markets and modern digital client experiences at this type of scale is what the largest and most complex firms desperately need,” he said.
With more than $9tn in assets across its platforms, InvestCloud is positioning private markets, managed accounts and AI-powered engagement as key components of its next phase of growth.
Copyright © 2026 FinTech Global
