55ip, a fully-owned subsidiary of J.
P. Morgan specializing in financial technology, and InvestCloud, a global leader in wealth technology, have announced an expanded strategic partnership. This collaboration delivers the first solution that enables tax optimization for both public and private market assets within a single unified managed account (UMA).
This new offering integrates 55ip’s proprietary ActiveTax Technology SM with InvestCloud’s Private Markets Account™ (PMA), which was introduced in December 2024. The PMA represents an evolution in managed accounts, combining public and private assets in a unified account to automate workflows, trading, and reporting for enhanced efficiency and scalability. The integration allows financial advisors to automate tax optimization, tax loss harvesting, and tax transition across diversified portfolios that include alternative assets, resulting in a unified, tax-smart investment experience that expands access to private markets and aims to improve after-tax outcomes for clients.
Gautam Sachdev, CEO of 55ip, stated, “Tax optimization has long been a key driver of client outcomes, but historically confined to public markets. By integrating our tax-smart technology into the InvestCloud PMA, delivered in a unified managed account experience, we’re giving advisors a new level of flexibility and efficiency, allowing them access to private markets while continuing to implement personalized, tax-advantaged strategies at scale.”
This expanded offering builds on a partnership initiated in 2023, when 55ip’s capabilities were first integrated into the InvestCloud managed account platform, APL, to bolster its tax optimization tools. By enabling personalized, tax-efficient strategies across both public and private assets, this innovation aims to expand access to investment vehicles historically reserved for ultra-high-net-worth and institutional clients, thereby creating new opportunities for a broader range of investors.
Cheryl Nash, President of APL at InvestCloud, commented, “Integrating 55ip’s tax optimization engine into our Private Markets Account is a game-changer for financial advisors. For the first time, advisors can benefit from tax-efficient strategies across both public and private assets within a single UMA. We are leading the way in making private markets more accessible and impactful—not just through technology innovation, but by helping more people benefit from smarter, outcome-driven financial strategies.”
Stephen Kaplan, J.
P. Morgan Asset Management’s Head of Customized Managed Accounts Solutions, added, “The traditional lines separating public and private markets are blurring, presenting investors with powerful new opportunities. As alternative investments become more accessible, we are in a new era of portfolio construction where converging public and private assets in a unified managed account, with tax optimization, is key to navigating volatility and targeting enhanced returns. This is an important milestone in our long history of actively managed solutions.”
Through this expanded collaboration, advisors will gain capabilities such as implementing tax-optimized portfolios that seamlessly combine public and private market assets within a single account, automating complex tax management across diversified holdings, extending private market access to more clients while maintaining personalized investment strategies, and streamlining portfolio management through unified digital tools for enhanced transparency, efficiency, and scalability.
This initiative underscores both companies’ commitment to delivering strategic innovations through collaborative partnerships that aim to empower advisors, improve financial outcomes for clients, and expand access to private markets. 55ip is a financial technology company focused on delivering automated, personalized, and optimized tax outcomes. InvestCloud is a global leader in wealth technology, serving a broad array of clients globally including wealth and asset managers, banks, and RIAs, with clients representing over 40 percent of total global assets.
