Addepar, a number one know-how platform for wealth administration, introduced key development milestones. Belongings on Addepar’s platform have surpassed $1.7 trillion. Up from $1.three trillion in December 2018, the corporate has grown property on its platform at a median of $10 billion per week up to now yr.
Addepar CEO Eric Poirier stated, “The wealth administration {industry} is within the midst of a change, and people who function in non-public wealth acknowledge that the stakes are excessive and growing. RIAs of every type are dashing to distinguish themselves by delivering tailor-made recommendation and options to every shopper whereas rising their enterprise. For the primary time, with Addepar, wealth managers can totally obtain their goal of offering shoppers with extremely customized experiences in an environment friendly and scalable manner. Consequently, they’re beating the market by way of AUM development.”
RIA Database has validated that development has occurred throughout a wide range of agency sizes. Corporations with AUM underneath $2.5 billion utilizing Addepar outgrew the market by 465 foundation factors in 2018 and 305 foundation factors in 2017, and corporations with $2.5 billion to $10 billion utilizing Addepar outgrew the market by 295 foundation factors in 2018 and 531 foundation factors in 2017.
Addepar is more and more the platform of selection for RIAs who’re taking a contemporary strategy to the shopper expertise and who see the value in investing in a versatile, data-driven platform to ship extra predictable, scalable outcomes.
Addepar now has greater than 400 household places of work, RIAs and huge monetary establishments utilizing its platform and is processing greater than 1.5 million custody accounts every day from greater than 200 direct feeds with banks. The corporate is well-known for its category-defining efficiency reporting and analytics platform, powering outcomes for most of the world’s most notable wealth managers and their buyers. Addepar aggregates portfolio, market, and shopper knowledge multi function place and allows recommendation on each funding kind, foreign money, and enterprise entity.
“The persistently robust development at Addepar displays the aggressive benefits the platform brings to advisors and buyers throughout an ever-expanding shopper base,” stated Addepar board member and investor, Laurence A. Tosi, Managing Associate of WestCap and founding father of iPreo, the main capital markets know-how platform now a part of IHS Markit. “Addepar’s industry-best know-how and knowledge capabilities present threat managers with distinctive insights and choice instruments, together with the not too long ago launched, industry-first, consolidated cell app for fast entry to portfolio threat and knowledge. As we aggressively drive ahead the Addepar product improvement pipeline, we’re excited by alternatives to construct analytics, insights and knowledge units on high of the platform and to additional assist our shoppers’ funding decision-making course of.”
About Addepar
Addepar, Inc. is a wealth administration platform that focuses on knowledge aggregation, analytics, and efficiency reporting with the intention to assist buyers with even probably the most advanced portfolios make knowledgeable selections. The corporate’s efficiency reporting and analytics platform aggregates portfolio, market, and shopper knowledge multi function place. It offers asset house owners and advisors a clearer monetary image at each degree, permitting them to make extra knowledgeable and well timed funding selections. Addepar works with a whole bunch of main monetary advisors, household places of work, and huge monetary establishments that handle knowledge for over $1.7 trillion of property on the corporate’s platform. In 2018, Addepar was named as a Forbes Fintech 50 and acquired Morgan Stanley’s Fintech Award for making a big affect on the agency’s mission of steady innovation. Addepar is headquartered in Silicon Valley and has places of work in New York Metropolis and Salt Lake Metropolis.
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