New York City-based Snowden Lane Partners has partnered with MSCI Wealth Manager, an AI-powered wealth tech platform, to integrate its portfolio management technology platform into its advisory offerings.
The integration will allow financial advisors to provide “tailored” financial advice to their clients based on the risks presented in their portfolios with the support of model management tools, the firm said.
“MSCI Wealth and Snowden Lane share a vision for advancing portfolio management technology to better meet the changing needs of end-investors,” Alex Kokolis, global head of wealth at MSCI. “MSCI Wealth Manager can help Snowden Lane manage their clients’ unique investment needs efficiently, consistently, transparently and with confidence.”
Through the platform, Snowden Lane’s advisory teams will gain access to analytics and risk decomposition tools, MSCI’s index construction, factor modeling, and private assets coverage.
In October, MSCI introduced MSCI PACS, a proprietary asset classification system that’s designed to standardize how private market assets are categorized, benchmarked, and analyzed.
The framework—short for Private Asset Classification Standard—seeks to bring “order, comparability, and consistency” to the rapidly expanding private markets ecosystem, spanning private companies, real estate, infrastructure, and other illiquid assets.
In July, Snowden Lane and fintech firm Pontera partnered to enable financial advisors to gain access to their clients’ 401ks, 403bs, and other held-away accounts through Pontera’s toolkit. Through the collaboration, advisors will be able to manage various accounts for “rebalancing, compliance, and billing.”
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