Addepar, the provider of an investment management platform for family offices, wealth advisors, private banks and brokerages, has surpassed USD1 trillion in assets, up from USD500 billion just 18 months ago.
Addepar’s integrated platform offers data aggregation, analytics and reporting, enabling a growing number of wealth managers to enhance efficiency, transparency, and deepen client relationships.
“This achievement underscores our team’s commitment and dedication to add deep and lasting value to our clients,” says Eric Poirier, Chief Executive Officer of Addepar. “We have created a purpose-built platform that enables wealth managers to better serve clients that have complex portfolios and sophisticated investment needs. The future looks brighter than ever for our clients and the markets we serve, and we’re eager to continue accelerating our pace of innovation. Addepar will continue hiring exceptional talent to help build the future of finance.”
Founded in 2009, Addepar now counts over 300 firms as clients, including AB Bernstein, Oppenheimer & Co Inc, BMO Wealth Management’s CTC | myCFO, Jefferies, and Morgan Stanley. Addepar’s consistent growth trajectory coincides with the increase of mutually beneficial partnerships between traditional financial institutions and innovative fintech startup firms, a trend forecast to continue in the years to come.
“Investors own more than USD100 trillion globally, and far too often they rely on manual processes and cumbersome spreadsheets to answer even the most basic questions about their investment portfolios. We’re in the early innings of a dramatic transformation of wealth management, where the best advisors win in a massive way. Addepar’s platform allows us to help them solve so many more problems at the heart of financial services,” says Joe Lonsdale, Founder and Chairman of Addepar.
Addepar’s growth has been marked by the expansion of its leadership team in 2017, the continued addition of top talent across its New York, Mountain View and Salt Lake City offices as well as the announcement of a USD140 million Series D round of funding last summer.
