Omar Faridi | Crowdfund Insider
New functionality and attributes are expected to fuel growth and scale in 2024, according to an update from Fintech firm Addepar.
As part of a note shared by Addepar, the wealthtech firm has shared key platform developments, research insights along with client, partner and company announcements.
In November 2023, Addepar claims they had been continuing their momentum with updates to create “a more seamless experience throughout the product, including enhancements to the in-app import tool and a new Change in % Ownership attribute.”
The latest Addepar Research shares findings and “offers actionable best practices for how investors can consider risks and opportunities from tech disruption, and we share updates from the Addepar community.”
After a “great” response to in-app imports, the firm says it “continued that momentum: users can now import cost basis, including digital assets and groups, without leaving Addepar.”
You can also use pagination “to browse import history and download a file of new entities to get their IDs even when they don’t have a direct owner.” This allows for “a more seamless process when utilizing the in-app import tool.”
Users can now calculate “the % Ownership attribute using any time point, not only a view or report’s end date.”
As a follow-up to the Secondary Market Scorecard covering data and observations from 3Q2023 that was shared last month, the Marketplace team continues “to advise on increased secondary activity in the second half of this year.”
With limited traditional exit activity and, as a result, distributions from private investments, some clients “face challenging portfolio decisions in managing private market exposure and the desire to recycle capital.” Investors conscious of exit timing are increasingly “turning to the secondary markets for potential liquidity opportunities for single assets, LP and multi-asset sales.”
Research & Insights
As generative AI and other innovations are “accelerating at a frenetic pace,” investors are asking, “How might these technologies impact my portfolio?” Despite the prevalence of these large-scale tech disruptions, few investors have defined processes “for analyzing and managing the risks and opportunities that such disruptions pose for their portfolios.”
In a report titled, “Tech Disruption: Managing exposure to breakthrough technologies,” the Addepar Research team “conducted 20 case studies with top institutional investment organizations, including large global public pension funds and endowments.”
This report distills these findings and “offers actionable best practices for how all investors – no matter their size or resources – can consider risks and opportunities from tech disruption.”
Integrations update:
This month, Addepar are excited to partner with SideDrawer.
SideDrawer’s cloud-based platform offers “a simplified and streamlined implementation to eliminate repetitive tasks, automate daily workflows and provide hands-on support to set up the integration with Addepar.”
As covered, Addepar is a software and data platform that is purpose-built “for professional wealth, investment and asset management firms to deliver outstanding results for their clients.”
They’re helping clients unlock “the power and possibility of more informed, data-driven investing and advice.”
Their platform was created “to empower investment managers to make data-driven and more confident investment decisions, and to clearly see how assets are performing and where they might be exposed.”
