Omar Faridi | Crowd Fund Insider
Addepar, a global technology and data company for investment professionals, announced that it has exceeded $5 trillion of client assets managed on its platform.
This milestone signifies the company’s position as the standard “for data management and aggregation, analysis and reporting.”
Amidst fast-moving markets and a dynamic risk landscape, Addepar serves “more than 1,000 client firms – family offices, wealth managers, large banks and global institutions – and hundreds of thousands of users on its platform.”
Eric Poirier, Chief Executive Officer at Addepar, said:
“Addepar’s founding thesis has been validated: investment professionals and financial advisors require robust technology, comprehensive and precise data, specialized tools, and a contextual perspective to deliver high-quality, sustainable value to their clients. By creating a unified platform that significantly enhances client service, we have positioned ourselves uniquely to unlock value across the global financial world,”
Eric added:
“Today, we are privileged to be in the position of having the market-leading platform – at a time when wealth, investment and asset management firms globally are recognizing that this solution is now a requirement. Addepar’s enduring advantage is and has always been our inspired, motivated and incredibly talented team. We share a passion for building deep partnerships with our clients and delivering extraordinary results together. Our growth continues accelerating, and we have more than doubled our client count and assets on Addepar’s platform over the last few years.”
The technology foundation and data network now “powers many of the most prestigious wealth, investment and asset management firms across more than 40 countries. Its purpose-built products, services and solutions help clients manage today’s markets and model the future in a data-driven, timely and secure way.”
Addepar ships meaningful updates “to its platform and products every two weeks, showcasing the power of its R&D team and setting a higher standard for an industry that has previously lacked sufficiently robust technology and complete data.”
Lee Hutter, Co-Founder and CEO of Curated Wealth Partners, said:
“We started Curated Wealth Partners over five years ago to deliver a better, more integrated experience to a growing community of wealthy families. Since our founding, Addepar has helped us deliver that superior experience. True to our name, we partner with our clients and serve as a trusted, long-term guide through the many challenges and opportunities that come with wealth.”
The Addepar platform gives investment professionals “a total portfolio solution for managing and aggregating data, performing analysis and reporting, and communicating with clients in a modern and scalable way. Addepar’s APIs and vibrant partner ecosystem ensure that each client can tailor every aspect of the solution to fit their needs. For the $5 trillion of assets tracked on the platform, approximately 60% are in marketable securities that are held at custody banks. For these investments, Addepar ingests positions and transactions every day from more than 7 million accounts across more than 350 global custody banks and other financial institutions.”
The remaining 40% of assets “include 250,000+ unique positions in alternative investments, and a variety of other private assets, real assets, collectibles and anything else that clients consider to be part of their investment portfolio.”
This data flows through Addepar’s data pipeline, “running through a range of quality control, validation, and verification procedures, mapping to an ownership structure, and is ultimately stored in Addepar’s normalized data lakehouse.”
