AltExchange

What AltExchange does

AltExchange is a New York-based fintech that operates an AI-driven alternative-investment reporting and management platform serving three customer sides: registered investment advisors (RIAs) via its AdvisorVue product, asset managers via its Digital Custodian Platform (DCP), and high-net-worth investors via the free InvestorVue client portal. The platform aggregates data from more than 65 alternative-investment platforms and uses proprietary machine-learning technology to convert unstructured documents — K-1s, 1099s, capital-call notices, fund statements, real-estate and startup investment records — into structured portfolio data with claimed 95% accuracy and approximately five-minute update latency. It automates tax-document collection, capital-call and distribution notifications, performance calculations, and onboarding workflows, with bidirectional integrations into major portfolio-management systems (Black Diamond/SS&C, Addepar, Orion, Tamarac) and fund administrators (Juniper Square).

The company monetizes through tiered SaaS subscriptions: a Free Plan (manual tracking, up to 10,000 pages), Starter at $375/month for 30 private investments ($13.50/month per additional), Emerging at $1,000/month for 100 investments ($12.50/month per additional), and Enterprise at custom pricing for 200+ investments with fully-managed service. A second revenue stream comes from asset managers paying for the Digital Custodian Platform. Go-to-market is hybrid: product-led growth via the freemium tier, sales-led motion for mid-market and enterprise RIAs, and direct enterprise field sales for the largest firms. AltExchange raised a $3M seed round in June 2024 from Motley Fool Ventures, Broadhaven Ventures, and Ritholtz Wealth Management, achieved SOC 2 Type II compliance in June 2023, and was acquired by iCapital in 2025 as part of the latter's expansion of its private-markets platform.

Name

AltExchange

Legal name

AltExchange LLC

Website

https://altexchange.com

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

1–10 employees

Short description

AltExchange is an AI-driven alternative-investment reporting platform serving RIAs, asset managers, and high-net-worth investors. It aggregates data from 65+ alt platforms, automates tax-document collection and capital-call workflows, and integrates with major portfolio-management systems.

Ownership category

akta.pro rank

Product category

Alternative Investment Management Software

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Services-Prepackaged Software (7372)

akta.pro primary industry

Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)

akta.pro secondary industry

Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI)

Keywords

• Alternative investment software
• Wealth management platform
• RIA technology platform
• Portfolio data integration
• Private investment reporting

Headquarters

HQ city

Edwards

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription SaaS (AdvisorVue): AltExchange generates revenue primarily through tiered subscription pricing for its AdvisorVue platform. Plans include Free (manual tracking), Starter ($375/month for 30 investments), Emerging ($1,000/month for 100 investments), and Enterprise (200+ investments with custom pricing). Additional investments are charged per-unit at $13.50/month (Starter) or $12.50/month (Emerging).
2. Enterprise Custom Pricing: Enterprise tier offers fully-managed service and support with pricing customized to the firm's specific needs. Revenue is generated through negotiated annual or multi-year contracts with larger RIAs and asset managers.
3. Digital Custodian Platform (Asset Managers): Revenue from asset managers using the Digital Custodian Platform for alternative investment reporting, aggregation, and distribution services. Provides one portal for all client alternative investments.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

AltExchange provides an AI-driven alternative investment management and reporting platform — anchored by AdvisorVue for advisors and the Digital Custodian Platform (DCP) for asset managers — that aggregates data from 65+ alternative investment platforms, automates document and tax collection, and integrates with leading portfolio management systems. Its free InvestorVue client portal delivers portfolio analytics to HNW alt investors served by participating advisors.

Product overview

AltExchange offers an integrated suite of alternative investment management platforms consisting of three primary products: AdvisorVue (for financial advisors to manage client alternative investment portfolios), InvestorVue (companion client portal providing free portfolio analytics), and the Digital Custodian Platform (DCP for asset managers to serve RIAs and LPs). The ecosystem is unified by a Tax Center add-on that automates collection and distribution of tax documents across all investments. The platform leverages AI-driven automation to aggregate data from 65+ alternative investment platforms, convert unstructured documents into structured insights with 95% accuracy, and sync directly with existing portfolio management systems including Black Diamond, Addepar, Tamarac, and Juniper Square.

Differentiator

Problem solved

Functional benefit

Brands

• AdvisorVue: Alternative investment management platform for financial advisors featuring automated reporting, tax document collection, capital call notices, and integration with portfolio management systems
• InvestorVue
• Digital Custodian Platform (DCP)

Products and services

• AdvisorVue AdvisorVue is a SaaS platform that enables RIAs and wealth managers to aggregate, normalize, and report on alternative investment data from 65+ platforms, automate tax document workflows, and sync alts data into leading portfolio management systems.
• InvestorVue InvestorVue is a free client-facing portal that delivers portfolio analytics and a family office-like experience to HNW investors holding alternative investments served by participating advisors.
• Digital Custodian Platform (DCP) Digital Custodian Platform (DCP) is a B2B platform for alternative asset managers and private fund sponsors that enables automated data delivery, investor onboarding, and integrated reporting into advisors' PMS workflows.

Quantifiable outcome

• Reduces time collecting tax documents by 70%
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability4 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered product partnership and core integration partner.

• Spirits Capital Corporationproduct partnershipStrategic or Co-development Partner · 10 September 2024Partnership to provide RIAs access and automated reporting for Spirits Capital's Cask Investment Deeds (whiskey-backed private credit product). AltExchange provides real-time reporting, consolidation, automatic K1/1099 collection, and wealth management system integrations.
• Overlay Capital Partnersproduct partnershipStrategic or Co-development Partner · 29 May 2024Partnership provides RIAs access to Overlay Capital's private investment opportunities (sustainable innovation, supply chain resilience, energy independence themes) with AltExchange's automated reporting including real-time consolidation, K1/1099 collection, and wealth management integrations.
• Secured Investment Corpproduct partnershipStrategic or Co-development Partner · 16 April 2024Partnership enables RIAs to access Secured Investment Corp real estate fund investments with automated reporting. Includes real-time reporting, consolidation, and wealth management system integrations.
• Juniper Squarecore integration partnerTechnology or Integration · 9 February 2024Integration enables asset managers using Juniper Square to automate data transfer to financial advisors through AltExchange, streamlining the flow of private investment fund data directly into advisors' wealth management systems.
• Red Tower Capitalproduct partnershipStrategic or Co-development Partner · 5 October 2023Partnership provides RIAs access to Red Tower Capital's mortgage funds (RTC VI) with free digital reporting through AltExchange. Red Tower Capital has 12+ years delivering returns with 8 years of consecutive third-party audits.
• Clear Sky Advisersproduct partnershipStrategic or Co-development Partner · 23 May 2023Partnership to modernize sustainable private investment reporting for family offices and RIAs. Clear Sky manages sustainable investment strategies (e.g. California Carbon Allowances) for institutional investors. AltExchange provides real-time reporting and automated capital call management.
• Black Diamond (SS&C)core integration partnerTechnology or Integration · 28 March 2023Integration partnership enabling AltExchange to connect with Black Diamond's RIA client base. Allows RIAs using Black Diamond to access AltExchange's alternative investment data aggregation and reporting.
• Roers Companiesproduct partnershipStrategic or Co-development Partner · 15 December 2022Partnership to digitize and modernize real estate investment reporting for Roers Companies' RIA partners. Provides real-time reporting, historical reporting, and integrations with existing wealth management systems.
• Addeparcore integration partnerTechnology or Integration · 15 September 2022Integration partnership with Addepar's wealth management platform, enabling AltExchange to provide alternative investment data aggregation and reporting to Addepar's RIA users.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CAIS: CAIS is a leading alts marketplace and reporting platform for RIAs, providing product access, due diligence, and technology infrastructure for alternative investments. Directly comparable to AltExchange in serving advisor workflows for alts allocation and operations.
• Juniper Square: Investment management software for private equity, venture, and real estate fund managers. Juniper Square is an integration partner of AltExchange and a peer in the alts data infrastructure stack, particularly on the asset-manager-to-advisor data handoff.
• CAZ Investments: CAZ provides alts access and operational support to RIAs, including a tech platform for sourcing, tracking, and reporting on private investments. Comparable to AltExchange in serving advisor workflows for alts due diligence and reporting.

Broad incumbents

• SS&C Black Diamond: Black Diamond (SS&C) is a portfolio management and reporting platform for RIAs. It is a core integration partner for AltExchange and a broad incumbent providing adjacent wealth tech, including growing alts capabilities.
• Tamarac (Envestnet): Tamarac provides portfolio management, reporting, and rebalancing tools to RIAs and is an integration partner of AltExchange. As part of Envestnet, it is a broad incumbent with adjacent alts reporting capabilities for the same advisor buyer.
• Envestnet: Envestnet is a large wealth management platform offering portfolio analytics, reporting, and data aggregation to advisors. As a broad incumbent with alts and integrations, it serves overlapping advisor segments and represents competitive context.
• Addepar: Wealth management technology platform serving large RIAs and family offices with portfolio analytics, reporting, and data aggregation. Addepar is both an integration partner of AltExchange and a potential competitor as it expands alts coverage.
• Orion: Orion Advisor Technology provides portfolio accounting, performance reporting, and CRM solutions to RIAs. As an AltExchange integration partner and a broad incumbent expanding alts functionality, Orion is a relevant competitive and channel reference.
• iCapital: The largest platform connecting advisors and their clients to alternative investments. Now the parent company of AltExchange, iCapital offers a competing/end-to-end alts infrastructure spanning fund origination, subscription, reporting, and analytics for RIAs and asset managers.

Emerging players

• Yieldstreet: Yieldstreet provides individual and advisor access to alternative investments (real estate, marine, legal, art). Comparable to AltExchange in the alts access and reporting layer, though focused more on origination and less on back-office advisor workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/altxchange
• LinkedInlinkedin.com/company/altexchange

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AltExchange