๐ถ๐๐น๐๐ ๐๐ผ๐น๐ฑ๐ถ๐ป๐ด๐ ๐๐ ๐ฝ๐ฎ๐ป๐ฑ๐ ๐๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ ๐ง๐ต๐ฟ๐ผ๐๐ด๐ต ๐๐ฐ๐พ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ฟ๐ถ๐ฑ๐ด๐ฒ๐๐ง
- Jan 11
- 2 min read
iAltA Holdings, a private markets infrastructure company backed by WestCap, recently announced its acquisition of BridgeFT. BridgeFT operates as a cloud-native and API-first wealth infrastructure provider that serves financial institutions and registered investment advisors. This move aims to strengthen data connectivity across both the wealth management and private markets sectors by integrating specialized software capabilities into the iAltA ecosystem.
BridgeFT has established itself as a leader in helping technology companies and advisors unify portfolio and client data through its WealthTech API platform. By offering a single open API for financial data and analytics across various custodians, the company helps firms reduce the complexity of managing multiple bespoke integrations. Bill Crager, a founding partner at iAltA, noted that this acquisition addresses the persistent disconnect between evolving client needs and fragmented technology systems.
This strategic acquisition aligns with the broader industry trend known as Alts2Wealth. As alternative investments become a more significant part of modern client portfolios, wealth managers require robust data infrastructure to operate across public and private markets simultaneously. The combination of these two companies provides the normalized and scalable foundation needed for advisors to deliver better insights and outcomes within a unified digital environment.
Knote: We continue to believe that technology infrastructure is actually one of the gating factors for the Alts2Wealth movement. Some folks are placing their bets on marketplaces, which is fine, but we don't feel that is a gating factor for Alts2Wealth, largely because we feel TAMPs will do all the research and discovery for advisors. Where the big problem lies is how do you take a low-scale process like investing in alts and scale it to mass-affluent scale. We need many infrastructure improvements and iAlta is definitely heading in the right direction on this. We have a white paper coming out on this shortly, so stay tuned (and feel free to sign up for the newsletter at the bottom of wealthtechstrategy.com if you want it hot off the press).
