Podcast: Next in Finance (Ep 3: Michael Petrilli x Christine Healey x Ben Haber)

How digital infrastructure is reshaping access to private markets for brokerages and wealth platforms

For decades, private markets were largely reserved for institutions and the ultra-wealthy. Today, a combination of modern trading infrastructure, API-driven integrations, new fund structures and evolving investor expectations is expanding access to a broader segment of investors.

In this episode of Next in Finance, host Michael Petrilli, Director of NextGen Investing, explores how private markets are evolving with:

• Ben Haber, Co-Founder & CEO of Monark Markets, a ViewTrade partner building private-markets infrastructure for brokerages and digital wealth platforms
• Christine Healey, Founder of HEALEY PRE-IPO, a specialist broker with over USD 600M in pre-IPO transaction experience

Together, they unpack the operational, structural and regulatory considerations behind offering pre-IPO access, private assets and alternative investments at scale.

Key Themes in This Episode

1. The rise of pre-IPO access and why demand is shifting

• How headline names in the pre-IPO space have driven interest from institutions and individual accredited investors
• Why brokerages and wealth platforms are adding private-market exposure as a core offering
• The growing need for infrastructure providers to enable reliable access

2. Infrastructure behind modern private-market access

• The sourcing challenges that make private markets complex
• How SPV structures fractionalize access and lower minimums
• The role of digital infrastructure, API-based onboarding, and embedded private-market workflows inside brokerage platforms

3. Pricing, fragmentation and investor protection

• Why pricing varies widely in private markets compared to public markets
• What investors must understand about deal structure, documentation and fees
• How specialist pre-IPO brokers help contextualize pricing and streamline execution

4. Building secondary markets for private assets

• Why secondary trading is critical for the future of private markets
• How regulated ATSs enable digital, automated matching of buyers and sellers
• The operational building blocks needed to support scalability and liquidity

5. Tokenization: potential vs practical limitations

• Where tokenization may fit in private-market infrastructure
• Real-world constraints around sourcing, issuer preferences and incentive alignment
• Why tokenization alone cannot replace existing private-market structures

6. The next 5–10 years in private markets

• Competing views on whether the market becomes more standardized or more fragmented
• How regulators, fund structures, ATSs and infrastructure partners will shape retail access
• The path toward more scalable, transparent and embedded private-market solutions

Disclaimer: The views expressed in this episode are those of the speakers and do not necessarily reflect the views of ViewTrade or its affiliates. This discussion is for informational purposes only and is not investment, legal or tax advice, nor an offer or recommendation to buy or sell any security. Private-market and pre-IPO investments involve significant risk, may be illiquid, and are not suitable for all investors.

Securities offered through Old City Securities, LLC. This discussion is for informational purposes only and does not constitute an affiliation with or endorsement of any company, and does not constitute a recommendation, offer to sell, or solicitation of an offer to buy, any securities. Investments in private companies are offered only through appropriate offering materials and accreditation requirements apply as defined under SEC Regulation D. Investments in private companies involve high risk, including the risk of complete loss of capital. These investments are illiquid, through a variety of structures including SPVs, may be difficult or impossible to resell, and may not ever result in an IPO or other liquidity event. Past performance is not indicative of future results. The speaker may receive compensation in connection with certain transactions discussed. There is no guarantee these private companies will achieve any specific valuation, and returns can vary widely and may underperform public markets. They may also involve additional risks not present in public market investments.