Addepar slashes prices, opens up its architecture and shows RIA custodians some love as it confronts market realities
Though these moves show the dynamo is not impervious to competition, Mike Paulus says that the growth is still nosebleed-threatening
Jeff Spears
Good update.
Successful entreprenuers are able to course correct!
This is a firm founded by VERY successful entreprenuers that understand that concept.
Only item that strikes me as “off market” is the six year contract.
That could be next to change….
Ben Baldwin IIi
Position reconciliations et al are easy. The efficiency comes in running the rebalance in the system, including individual securities, funds and etfs, and the system knowing in advance where those will trade, all redemption fee, gain loss, transaction fee etc implications, allowing the advisor to set criteria around those prior to the rebalance, running the rebalance and having the system reconcile the positions and the transaction to the trade file prior to the start of business the next day. I haven’t found a system that can do that yet. Any users of Addepar that can attest to yeas and boos of the system?
Peter Giza
Ben,
I dare say that there is a system out there that can do what you ask for in a fashion that is flexible to handle both ends of the RIA operational style; lots of knobs and dials; dashboard driven. Tamarac is probably the closest on the rebalance and trading side at present, however rumor has it that Orion will be releasing something potent soon. Addepar is definitely not close with rebalancing and trading at least from my current G2. IMHO if they want to leapfrog Advent’s position they will need to acquire something. There are some interesting companies out there in the rebalance and trade order / execution arena starting to emerge. Keep watching and take some of the aforementioned names for a test ride if you can gain access to their alpha/beta platforms.
Pete
Pete Giza | VP Bus Dev | WealthSite | www.wealthsite.com | 603.594.9912
WealthSite – Concierge Wealth Accounting, Reporting, Reconciliation & Consulting
Related Moves
Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?
The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader
June 11, 2019 at 9:49 PM
Addepar's chairman writes five-alarm warning about how US immigration red tape is putting foreign engineers through hell, creating a 'quiet crisis' for tech companies
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October 26, 2022 at 1:12 AM
Joe Lonsdale is prepping Lonsdale Investment Technologies for launch 13 years after founding Addepar -- with the new business model too cannibalistic for comfort, some say
The Austin, Texas, serial entrepreneur is still executive chair of, and a big stakeholder in, Addepar but may need a fresh start to manifest his hyped vision of creating high bandwidth financial flow between retail investors and vast private markets.
February 23, 2022 at 12:09 AM
Surfing a $15-billion-a-week asset growth meteor, Addepar CEO Eric Poirier hires an owner as president to achieve 'escape velocity' and keep operations from flaming out
Addepar is fast nearing $3 trillion, it says, after a 50% RIA asset spike in 2020. Now an Addepar owner through Valor Equity Partners is stepping in to safeguard or supercharge his investment depending on the point of view.
April 9, 2021 at 11:03 PM
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intelliflo
Trading/Rebalancing
Top Executive: Nick Eatock
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Portfolio Management System
Top Executive: Eric Poirier
