Arta Finance Review 2026: Fees, Private Funds, Structured Notes and What the Filings Show
Arta Finance is a wealth platform for accredited investors, run by an SEC-registered adviser in California and a MAS-licensed affiliate in Singapore, with BNY Pershing as custodian. It manages ETF portfolios for 0.10% to 0.50% a year and offers third-party private funds and structured notes it designs, for an Arta fee of about 0.5% to 1% on top of the products' own costs. Its filings show $153.4 million of regulatory assets under management at the end of 2025, no disciplinary history and no private fund advised by the US adviser. Arta provides the private funds' terms, fees and results inside the app after sign-in; AltStreet did not access them.
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What the data actually shows - TL;DR
Arta Finance sells three things to accredited investors: managed ETF and stock portfolios, access to private funds run by other managers, and structured notes it designs and has banks issue. Three questions frame it.
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Who holds the money: BNY Pershing holds client accounts as custodian and is Arta's only broker; Arta Finance Wealth Management, LLC is an SEC-registered adviser with no disciplinary events, and Arta Wealth Management Pte. Ltd. holds a Singapore Capital Markets Services license. What it costs: 0.10% to 0.50% a year on managed portfolios, and about 0.50% to 1% on private funds and structured notes on top of the products' own fees; on drawdown funds Arta charges on the full commitment during the investment period, and in Singapore a structuring fee of up to 1.50% can sit inside a note's terms.
What can be checked: the adviser's filings and fee tables are public; each private fund's terms, fees and results are in an investment memo Arta provides inside the app after sign-in, which AltStreet did not access. The US adviser reports $153.4 million of regulatory assets under management at December 31, 2025 and no private funds advised. Arta's marketing has described '100s of millions in AUM' and 'tens of thousands of members across more than 40 countries'; those figures cover different dates, entities and measures and cannot be reconciled to a filing.
Regulatory assets under management at December 31, 2025, all discretionary, in 1,091 accounts for 1,043 clients (Form ADV filed June 25, 2026); private fund holdings and self-directed products are not counted in this figure.
Arta's own yearly fee on private funds and structured notes, on top of the products' fees; for drawdown funds it is charged on the committed amount during the investment period, whatever has been called.
Private funds advised by Arta's US adviser (Form ADV Item 7.B). The legal vehicles and sponsors behind the feeder funds and the 2025 Private Credit and Private Real Estate funds Arta describes could not be identified from public sources.
Structured notes Arta has listed since October 2023 (77 on the US site, 38 on the global site), issued by banks Arta does not name note by note.
Realized performance record published: Defensive Growth returns for one 'sample representative client account' per risk level to March 13, 2025, not a composite of all accounts.
Enforcement actions, regulatory disclosures or court cases located for any Arta entity or named executive in the sources searched.
Assets, client counts and the custodian's holdings are from Arta's Form ADV. Listed holdings are from Arta's 13F-HR information tables. Fees are from Arta's brochure, Form CRS, pricing pages and the Singapore agreement. Membership, performance and product claims are Arta's own and unaudited. The private fund figures for Bain Capital GSS 2022 (A) are from Bain Capital Credit's Form ADV and the fund's Form D.
Quick Verdict
Is this platform right for you?
Arta Finance is a regulated, low-cost manager of ETF portfolios with no enforcement action or disciplinary event located and a large custodian, alongside private funds and structured notes whose documents Arta provides after sign-in. Its own fees are clear; total costs depend on fund fees and note terms AltStreet could not review, and some marketing wording is looser than its disclosures.
Best for
- Accredited investors who want managed ETF portfolios at Pershing and are willing to assess each private fund or note from its own documents.
Avoid if
- You want fund-level fees and track records before opening an account.
- You do not want an extra yearly fee on uncalled commitments.
- You rely on marketing figures rather than filings.
Top strengths
- SEC-registered adviser and MAS-licensed affiliate with no disciplinary events located.
- Client assets at BNY Pershing; Arta has custody only through fee deduction.
- Managed portfolio fees of 0.10% to 0.50% a year, stated consistently in the brochure and pricing page.
Key limitations
- Private fund terms, fees and results are provided only after sign-in.
- Arta's fee on drawdown funds runs on the full commitment during the investment period.
- Some site wording (SIPC 'insured', '9X', fee-waiver length on pages captured in 2026) is looser than Arta's disclosures.
- No composite performance record; returns shown for one sample account per strategy.
Compare Before Deciding
Where Arta Finance fits against alternatives
Use these hooks to pressure-test whether this is the right platform, or whether a nearby alternative matches the job better.
How this compares to Wahed Review
Wahed Review
SEC adviser with managed portfolios and other products.
How this compares to iCapital Review
iCapital Review
Private fund access through advisers.
How this compares to Moonfare Review
Moonfare Review
Private equity fund access for individuals.
Quick Answers
What most investors want to know first
The highest-signal facts first: minimums, liquidity reality, K-1 timing, and whether distributions are actually part of the experience.
Liquidity
No secondary market for private fund interests or notes through Arta.
K-1 Timing
Depends on each private fund.
Distributions
Not reported in public.
Overview
Platform Overview
A concise read on what the platform is, how the structure works, and where the practical friction shows up for real investors.
Arta Finance Inc., a Delaware company founded in 2021 as Arbo Works by former Google executives, owns the adviser Arta Finance Wealth Management, LLC (Mountain View, California; SEC-registered since April 2022) and Arta Wealth Management Pte. Ltd. (Singapore; MAS Capital Markets Services licensee). US persons sign the adviser's Investment Management Agreement; everyone else contracts with the Singapore company, which serves accredited investors outside the United States.
Accounts are opened at BNY Pershing. Clients can hold managed portfolios (robo, Defensive Growth, Income Bonds, a Treasury ETF 'High-Yield Cash Reserve', direct indexing), choose private funds from a list approved by Arta's investment committee, buy structured notes Arta designs, or run listed options strategies. Arta also sells its software and AI tools to banks and wealth firms.
It added structured notes in October 2023, Arta AI in April 2025 and an institutional business selling its tools to banks. Felix Lin, a co-founder and its President and CFO, became Group CEO in early 2026; Sengupta remains on the board.
Who can invest
Accredited investors; US persons through the US adviser, others through the Singapore company; Arta 'may waive' accreditation in the US.
Custody
BNY Pershing (Pershing LLC; Pershing Advisor Solutions LLC) as custodian and sole broker-dealer.
Managed portfolios
0.10% to 0.50% a year; robo, Defensive Growth, Income Bonds, High-Yield Cash Reserve, direct indexing, micro-indexes.
Private funds
Third-party funds; Arta fee 0.50% to 0.90%, up to 1%, on committed capital for drawdown funds; fund terms in the app.
Structured notes
Designed by Arta and auctioned among banks; 115 listed since October 2023; fee 0.5% to 1% a year; minimum $25,000 (US) or $10,000 (global).
Assets (Dec 31, 2025)
$153.4 million regulatory AUM (ADV); $196.0 million of listed securities in the 13F table.
Company accounts
Arta Finance Inc. is private and publishes no audited statements; client assets are held separately at Pershing.
Visual Summary
What Arta's filings show
Regulatory AUM from Form ADV; listed holdings from each 13F-HR information table. Neither includes private funds or structured notes.
Dec 31, 2025
Measure
Regulatory AUM
Source
Form ADV (filed Jun 25, 2026)
Entries or accounts
1,091 accounts
Dec 31, 2025
Measure
Listed securities
Source
13F-HR
Entries or accounts
90 entries
Mar 31, 2026
Measure
Listed securities
Source
13F-HR
Entries or accounts
95 entries
Jun 30, 2026
Measure
Listed securities
Source
13F-HR
Entries or accounts
105 entries
Sep 30, 2026
Measure
Listed securities
Source
13F-HR
Entries or accounts
105 entries
Investor Operations
The practical questions investors actually care about: when tax documents arrive, how cash distributions work, and whether capital can be exited before the underlying asset is sold.
Tax Documents
K-1 Timing
What to expect
Depends on each private fund.
Cash Flow
Distributions
Frequency
By product: fund distributions on manager timetables; note coupons per term sheet.
Timing
Not reported in public.
Consistency
No composite or fund-level record published.
Liquidity
Exit Reality
Holding period
None on managed portfolios; private funds locked by fund terms; notes to maturity.
Exit options
- Withdraw managed portfolios.
- Early redemption of notes at the issuer's value.
- Redemptions from evergreen funds at the manager's discretion.
Secondary market
No secondary market for private fund interests or notes through Arta.
Investment Structures
Managed portfolios
Discretionary ETF and stock portfolios at Pershing, traded at market close; 0.10% to 0.50% a year.
Private funds
Third-party funds chosen by the client from an approved list; Arta fee about 0.50% to 1% on top of fund fees; minimums from $10,000 or $25,000 depending on the page.
Structured notes
Notes designed by Arta and issued by banks after an auction; coupons and protection depend on issuer credit and underlying assets.
Risk
Risk Structure
This is where the marketplace pitch gives way to the actual operating reality: delayed exits, limited disclosure, fee drag, and path-dependent outcomes.
Custody
BNY Pershing holds client accounts; Arta has custody only through fee deduction.
Private funds
Third-party funds documented in the app after sign-in; Arta's fee sits on top of fund fees.
Structured notes
Bank credit risk and barrier risk; Arta designs the notes and charges on them.
Regulation
SEC-registered adviser and MAS-licensed Singapore company; no disciplinary events located.
Reporting
Filings and fee tables public; no composite performance; fund reporting comes from each manager and is shown in the app.
Fund terms behind sign-in
Fund fees, terms and results are provided after sign-in and could not be reviewed here.
Why it matters
Total costs, fund reporting and outcomes cannot be compared anonymously, and AltStreet cannot check them.
Mitigation / verification
Ask for each fund's investment memo, the underlying fund documents and every fee layer in writing before committing.
Fee on commitments
On drawdown funds Arta charges on the full commitment during the investment period.
Why it matters
Early years of a fund carry the full Arta fee on money that has not been invested.
Mitigation / verification
Compute Arta's fee on the commitment for the investment period and add the fund's own fees and carry.
Structured note risk
Coupons and protection depend on the issuing bank's credit and on underlying assets staying above barriers.
Why it matters
Notes can lose principal and may be hard to exit before maturity except at the issuer's price.
Mitigation / verification
Read the term sheet for the issuer, barriers and early redemption terms, and ask whether a structuring fee is included.
Marketing scope
Size and membership figures on the site use different scopes from the filings, and some product wording (SIPC 'insured', '9X') is looser than Arta's disclosures.
Why it matters
Marketing figures are a weaker guide than the filings.
Mitigation / verification
Rely on the Form ADV, Form CRS and agreement; ask Arta to reconcile any figure it quotes.
ASRisk signals to watch
- A Form ADV listing private funds advised by Arta, or Form D filings by Arta-sponsored vehicles.
- Publication of fund names, fees or performance outside the app.
- Changes to the fee base on drawdown funds or structured notes.
- MAS investor alerts or enforcement, once the pages are available.
- Any new broker-dealer affiliation.
Regulatory & Legal Posture
Security Status
SEC-registered investment adviser (US) and MAS Capital Markets Services licensee and exempt financial adviser (Singapore).
Arta Finance Wealth Management, LLC has been SEC-registered since April 8, 2022 (CRD 318714) and reports no disciplinary events. Arta Wealth Management Pte. Ltd. is listed by MAS as a Capital Markets Services licensee for fund management and dealing in securities and collective investment schemes, and as an exempt financial adviser. The registration route of each private fund and note depends on the offering and should be checked in its documents; Arta's structured-products guide refers to the 'legal prospectus of the issuance'.
- Enforcement: no action located in AltStreet's SEC and FINRA tables, IAPD or BrokerCheck for any Arta entity or named executive; MAS alert and enforcement pages could not be searched.
- Courts: no case naming an Arta entity located in CourtListener; several individuals were not searched.
- Broker-dealer: Arta Finance Securities LLC (CRD 326041) was approved in January 2025 for private placements and sold to Corgan Strategic Partners in September 2025, now Alder Securities LLC.
Disclosure Quality
Filings, fee tables and agreements are public and specific at Arta's level; fund-level documents are not public, and several marketing statements differ from the filings.
Custody Model
Client accounts at BNY Pershing; Arta deducts fees but holds no client assets.
Regulatory Backing
Pershing is a SIPC member; SIPC protects against broker failure, not loss of value.
Tax Treatment
Reporting
Form 1099 for brokerage accounts at Pershing; Schedule K-1 or local equivalents for private funds.
K-1 timing depends on each fund.
Income Character
Questions to put to the firm and a tax adviser
Managed portfolios produce dividends, interest and gains; structured note coupons and private fund allocations are taxed by their own terms and the holder's country. Arta's site says Treasury income is 'free of state and federal taxes' on one page and free of state and local taxes on others; Treasury interest is generally subject to federal tax, so this is a question for a tax adviser.
Limitation
AltStreet is not a tax adviser.
Special Considerations
- K-1 timing on private funds.
- Tax treatment of structured note coupons.
- Direct indexing and tax-loss harvesting claims.
Account Suitability
Taxable
Questions for a tax adviser.
Roth IRA
Not stated.
Traditional IRA
Not stated.
HSA
Not applicable.
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AltStreet Data Layer
What the data actually shows
Arta's filings against its public statements.
Two measures of size
Regulatory AUM $153.4M (ADV) and $196.0M of listed securities (13F) at December 31, 2025; $211.1M in the 13F at September 30, 2026.
What this means
Neither includes private funds or notes; Arta's '100s of millions in AUM' and member figures use other scopes and cannot be tied to a filed figure.
No adviser-run private fund
ADV Item 7.B no; no Form D or MAS restricted-scheme notification under an Arta name located.
What this means
The vehicles and sponsors behind the feeder funds and 2025 funds Arta describes were not identified in public sources.
One fund tied to Arta
Bain Capital Credit lists Arta as a marketer of Bain Capital GSS 2022 (A), L.P. ($517.3M gross assets).
What this means
Client holdings are not public; the listing is not evidence of compensation.
Notes cadence
115 structured notes listed: 2 in 2023, 20 in 2024, 73 in 2025, 20 in 2026 to November 1.
What this means
Listing counts do not show investment volume or product share.
Data as of 2026-11-01 . AltStreet review evidence layer . Public-source analysis
Full datasetDecision Fit
Investor Fit
Who this works for, who it does not, and what level of patience and complexity tolerance the platform really demands.
Accredited investors wanting low-cost managed ETF portfolios at a large custodian
Fees of 0.10% to 0.50% with Pershing custody and no enforcement action located in the sources searched.
Investors seeking private funds at lower minimums
Access to large managers, against an extra layer of fees and fund terms only visible in the app.
Investors who want to compare private fund costs and results before opening an account
Fund memos and documents are provided after sign-in, before any commitment; they cannot be compared anonymously, and AltStreet has not reviewed them.
Tradeoffs
Key Tradeoffs
The attraction of pre-IPO access is real, but every benefit comes bundled with a corresponding liquidity, transparency, or pricing cost.
Regulation
Marketing figures that cannot be reconciled to filings and some loosely worded product claims.
Fees
Up to 1% extra on private funds and notes, on commitments for drawdown funds.
Access
Fund terms, fees and results provided only after sign-in.
Avoid
Who This Is Not For
This section should be read as a filter, not an afterthought. If you need income, simplicity, or near-term access to capital, the structure is working against you.
Investors who want to see fund terms and track records before opening an account
Arta provides them after sign-in.
Investors who want a single, all-in fee figure for private funds
Arta's fee is public but the fund-level layers are not.
Editorial View
AltStreet Perspective
The compressed version of the review: what matters, what marketing tends to obscure, and how we would frame the platform for a serious allocator.
Verdict
Arta's regulated base is solid: an SEC adviser and a MAS licensee with no disciplinary history, client money at Pershing and low, clearly stated fees on managed portfolios. What sets Arta apart is the part a reader cannot check from outside. Its private fund documents are provided after sign-in, its fee on drawdown funds is charged on commitments, and its structured notes are designed by Arta and carry the issuing bank's credit risk. The size and reach it markets use different measures from its filings and cannot be reconciled to them. An investor can assess the managed portfolios from the filings; for private funds and notes, the evidence is in documents Arta provides after sign-up, and each should be read for its total fees, reporting and issuer terms.
Positioning
Against Wahed, another SEC adviser with managed portfolios and other products, Arta has no regulatory history but publishes less about its private offerings. Against iCapital and Moonfare, which also give individuals access to private funds, Arta adds an advisory fee layer and its own structured notes.
The Bottom Line
A regulated, low-cost ETF manager for accredited investors with a private funds and structured notes offering documented inside its app and marketing figures that cannot be reconciled to its filings.
Action
Next Steps
If you still want to engage after reading the review, these are the practical next moves that reduce avoidable mistakes.
Read Arta's Form ADV Part 2A and Form CRS, and treat them as the reference for fees, minimums and conflicts.
For any private fund, ask for the investment memo and the fund's own documents, and add Arta's fee on commitments to the fund's fees and carry.
For any structured note, read the term sheet for the issuer, barriers and early redemption terms, and ask whether a structuring fee is included.
Ask Arta which funds on the platform have managers that invested in Arta, and whether it is paid by any fund sponsor.
Check the adviser's record on adviserinfo.sec.gov and the Singapore company's entry in the MAS directory.
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Deal Intelligence →Appendix
Sources, Disclosures, and Supporting Context
The lower section is structured like a report appendix: relationship context first, adjacent reading second, and evidence last.
Report Appendix
Disclosure
Relationship and compensation context
+
Report Appendix
Disclosure
Relationship and compensation context
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
+
Report Appendix
Related Resources
Adjacent platform comparisons, frameworks, and category links
Further Reading
Related Resources
Adjacent frameworks and reviews that help place the platform in a broader allocation or due-diligence context.
Fund Landscape
Similar Platform Reviews
- Wahed Review
SEC adviser with managed portfolios and other products.
- iCapital Review
Private fund access through advisers.
- Moonfare Review
Private equity fund access for individuals.
Report Appendix
Evidence & Methodology
20 cited passages on file; sources, scope, and how the review was assembled
+
Report Appendix
Evidence & Methodology
20 cited passages on file; sources, scope, and how the review was assembled
Evidence on file
20 supporting passages on file for Arta Finance and its offerings from 13 source documents, 5 discrepancies flagged. Each passage records the metric it supports, the value read from the document, the page, and the verbatim text where the document has it. Terminal subscribers read the passages; open them in the terminal.
- Cited passages
- 20
- Source documents
- 13
- Analyst verified
- 0
- Discrepancies flagged
- 5
ASReview Evidence
Methodology
All sitemap pages and legal documents on artafinance.com, archived pricing pages, Form ADV Parts 1 and 2A, Form CRS, IAPD and BrokerCheck, MAS directory and restricted scheme register, ACRA open data, GLEIF, EDGAR (13F-HR, N-PX, X-17A-5, Form D searches), other advisers' Form ADV fund schedules, AltStreet enforcement tables and CourtListener.
Scope
Arta's US and Singapore offering. Not seen: anything inside the app, including fund memos, fund fees and fund performance. MAS alert and enforcement pages and some court searches not completed.
Key Findings
- *Brochure: 'As of December 31, 2025, Arta has $153,444,718 in assets under management, all of which are held in discretionary accounts.'
- *Brochure: 'Certain third-party managers of venture capital Alt Investments available on Arta's Platform have made investments in Arta Finance Inc.'
- *Singapore fee schedule: 'Certain structured products may include a structuring fee of up to 1.50%.'
- *Private investments page: 'Sign in to see fund details'.
- *High-Yield Cash Reserve page: 'High-Yield Cash Reserve is insured up to $500K by SIPC.'
Primary Source Pages
Comparable Platforms
- Wahed
SEC adviser with managed portfolios; settled SEC orders.
FAQ
Frequently Asked Questions
High-intent search questions answered directly, without making users hunt through the full review.
Is Arta Finance legit?
Arta Finance Wealth Management, LLC is an SEC-registered adviser since 2022 and its Singapore affiliate holds a MAS Capital Markets Services license; client accounts are held at BNY Pershing, and AltStreet located no enforcement action or disciplinary event. Private fund documents are provided in the app after sign-in, and some marketing figures use different scopes from its filings.
How much does Arta Finance cost?
Managed portfolios cost 0.10% to 0.50% a year. On private funds Arta charges 0.50% to 0.90%, up to 1%, on top of the funds' own fees, on the committed amount for drawdown funds; structured notes carry 0.5% to 1% a year, and in Singapore a structuring fee of up to 1.50% may be included in the terms.
Who holds my money at Arta?
BNY Pershing is the custodian and Arta's sole broker-dealer. Arta has custody only in that it deducts its fees. SIPC protects against Pershing's failure, not against investment losses.
What private funds does Arta offer?
Arta names managers such as Vista, Carlyle, Golub, Apollo and a16z but no specific fund in public; fund details are in investment memos inside the app. Bain Capital Credit's filing lists Arta as a marketer of Bain Capital GSS 2022 (A), L.P. Arta's US adviser reports advising no private fund.
How big is Arta Finance?
Its Form ADV reports $153.4 million of regulatory assets under management at December 31, 2025 in 1,091 accounts, not counting private funds or notes; its 13F listed $211.1 million of securities at September 30, 2026. Arta has described 'tens of thousands of members' without defining the term.
Can non-US investors use Arta?
Yes, through Arta Wealth Management Pte. Ltd. in Singapore, which serves accredited investors outside the United States under a Singapore-law agreement.