#London #United Kingdom #Wealth Management #Addepar #HSBC Private Banking

HSBC UK Private Banking Teams Up with Addepar

HSBC UK Private Banking has made a significant move in the financial sector by becoming the first major UK bank to implement Addepar's innovative software platform tailored for wealth management. This cooperation aims to revolutionize client reporting, marking a step forward in how high-net-worth individuals monitor their investments.

On June 3, 2025, HSBC announced this landmark partnership, underlining its commitment to providing exceptional services to its clients, which include both national and international affluent individuals and family offices. This initiative follows the successful deployment of Addepar's technology by a prominent American private bank and sets the stage for further expansions into the Channel Islands and Luxembourg later this year.

Enhancing Client Reporting

The Addepar platform is recognized for its robust capabilities in client reporting and asset aggregation, allowing for a comprehensive management of complex investments, including alternative assets. Investment advisors and client managers can thus deliver tailored performance data and insights with unprecedented efficiency, enhancing the overall client experience.

Charles Boulton, the head of Private Banking at HSBC UK, expressed excitement over this collaboration, stating, "It is essential for our clients to have real-time personalized reporting across all asset types. The Addepar platform empowers our clients to navigate an increasingly complex financial ecosystem with state-of-the-art insights. Providing a holistic view of their portfolio — representing multiple currencies and managers — is a major advancement for us."

Moreover, the platform enables aggregation of client performance across different wealth managers, ensuring that clients maintain a well-rounded perspective of their investment portfolios. This feature is particularly beneficial for those engaged in alternative investments, which are gaining popularity among private banking clients.

James Thomson, investment advisory head at HSBC UK Private Banking, noted, "As leaders in the alternatives space, more private banking clients are seeking to allocate a portion of their portfolios into this asset class. Addepar’s advanced reporting capabilities for alternative products have been a compelling selling point. With our enhanced reporting features, our investment advisors can deliver deeper insights and greater transparency effectively, allowing them to dedicate more time to what matters most—providing high-quality advice backed by solid analyses."

Impact of Addepar's Technology

Eric Poirier, CEO of Addepar, articulated the platform’s broader vision, stating, "Addepar aims to bring more transparency, connectivity, and intelligence to the global investment ecosystem. HSBC UK Private Banking’s adoption of our platform exemplifies forward-thinking leadership in banking, enabling investors, advisors, and clients to navigate complexities confidently with actionable insights. As the first major bank partner in the UK, HSBC is redefining the standard of leadership through data and client experience."

This collaboration is particularly timely as financial services continue to adapt to technological innovations. With over 15 million active clients across the UK, HSBC is committed to enhancing its offering in both retail banking and private banking sectors, and this partnership with Addepar aligns with its strategic goals to modernize and streamline banking experiences.

HSBC, headquartered in London and operating in 58 countries, boasts substantial financial assets, positioning itself among the world's largest banking and financial services organizations. The goal for HSBC UK Private Banking is clear: to assist clients in managing, growing, and preserving their wealth across generations. Their network of global experts is poised to provide clients with investment opportunities, estate planning, and tailored portfolio management.

By integrating Addepar’s platform, HSBC UK Private Banking is taking substantial steps toward redefining wealth management. As they steer into a future characterized by technology-driven solutions, clients can expect more personalized service and comprehensive investment insights, which are crucial for navigating the financial landscape today.

This partnership aligns with HSBC's broader mission to support evolving client needs in a dynamic market environment.