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WealthStack Roundup: GeoWealth Launches Private Model Marketplace
Yahoo Finance· 2025-11-07 13:49
Group 1: Core Insights - GeoWealth has launched a Private Model Marketplace that consolidates strategies developed over the past year with contributions from major firms like Apollo, BlackRock, Goldman Sachs Asset Management, and J.P. Morgan Asset Management [1][3][4] - The platform allows advisors to create custom models or select from pre-built options that include private market exposure, facilitating a combination of standalone and public models within the same custodial account [2][3] - The CEO of GeoWealth emphasized that the Private Model Marketplace aims to provide a fully managed solution for private market exposure, addressing the growing demand from Registered Investment Advisors (RIAs) [3][4] Group 2: Funding and Partnerships - In June 2024, GeoWealth secured $18 million in growth investment funding, with BlackRock as a new lead investor, followed by a $38 million Series C funding round led by Apollo in August [4] - Partnerships have been established with Goldman Sachs and iCapital to enhance private market options, along with a recent agreement with J.P. Morgan Asset Management [4]