Articles tagged "Addepar"
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Addepar's strategy balloons AUA $1 trillion in past year, near half of it from RIAs but its greenfield opportunity is still big
The software maker oversees more than 25% of all RIA assets, but for only about 2.7% of RIAs -- a gap its hip, young CEO -- now RIA software's senior statesman -- believes he can fix.
June 14, 2024 at 3:12 AM
Addepar hits $2 trillion of RIA assets and $5 trillion of 'overseen' assets but still burns through $100 million annually for R&D, with an eye to $250 trillion of global consumer assets
The Mountain View, Calif. performance reporting software company claims it will now offer a warm shoulder to $100-million RIAs, though 'Big Three,' Orion, Tamarac and Black Diamond don't see them at that table right now, say industry experts.
December 14, 2023 at 3:25 AM
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
Joe Lonsdale uses words like 'egregious' 'crapshoot' and 'rude' in Wall Street Journal article to explain how 'America and its economy are the butt of the joke.'
October 26, 2022 at 1:12 AM
Addepar founder Joe Lonsdale's second alts tech startup for RIAs, Opto Investments, leaves 'stealth' mode with $145 million raise and the chutzpah to take on iCapital and CAIS
Opto comes late to the alts game, but at a $475-million valuation, VC backers are seeing founders' vision of a way-upmarket niche
September 23, 2022 at 2:38 AM
Startup gets Black Diamond and Addepar to integrate, maybe Orion and Tamarac en route, by creating a hack that lets people see analog alts like art collections the way they see digital hedge funds
AltExchange raised $1.25 million but bridged an alts gap that firms that spent hundreds of millions have not -- especially downmarket where alts are new on the scene
September 16, 2022 at 2:42 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
After being 'blown away' by AdvisorPeak's engineering prowess, Addepar is buying the company to arm its clients with automated rebalancing software
The 12-year old Mountain View, Calif., performance reporter, with $3 trillion plus of adminstered assets, is buying the 18-person, third-year startup to apply to its 600 clients.
October 22, 2021 at 3:03 PM
Addepar, Aperio and Bain ex-execs throw $5 million at startup that makes RIAs the quarterback of 'impact investing' endowments that also shelter taxable wealth of ultra-high-net-worth clients
The high-profile, for-profit investors join non-profit foundations to back the Newton, Mass., venture that makes RIAs the pivotal role in marrying charity and ESG, yielding immediate, giant tax deductions.
August 24, 2021 at 2:09 AM
Nearing $3 trillion of AUA, Addepar accepts another $150 million of unsolicited PE money because the price was right --a $2.17 billion valuation
D1 Capital Partners -- fresh off a crushing loss in the GameStop debacle -- footed the entire Series F capital raise by buying in at double Addepar's value from just seven months ago.
June 18, 2021 at 5:25 PM
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
Oisín's Bits: Visa ended Plaid bid to get DOJ off its back; the DOJ is still breathing down its neck • Pershing's NetX360 upgrade makes Orion software hum like at no other custodian -- for now • Addepar says its data shows pandemic made even RIAs misjudge market
DOJ scrutiny scuttled Visa's bid for Plaid. The Feds saw more under the hood • Orion and Pershing bid to make switching between software to trade and read documents outmoded with new data tie-up • RIA jitters over prospective losses may have hit clients' wallets, according to Addepar research.
March 29, 2021 at 9:01 PM
With rivals pressing, Addepar insiders ante $117 million to up its game and settle in for the long haul -- as the firm adds $2 billion in pandemic-driven AUA each business day
On target for $5-trillion milestone by 2025, the Mountain View, Calif., reporting software comer hits $2.25 trillion of administered assets -- funded by founder Joe Lonsdale's 8VC, and Laurence Tosi-led WestPac.
November 20, 2020 at 3:34 AM
Addepar now counts 20% of Barron's Top-100 RIAs as clients, but Tamarac, SS&C Black Diamond and Orion all retain an edge
Now 11-years-old and getting RIA religion, the Mountain View, Calif., VC creation shared numbers that put it on the doorstep of big milestones -- if enough alts-minded prospects are still there for the taking.
September 29, 2020 at 10:33 PM
Addepar extends business model from software maker to player in the investments business -- a secretive project 10 years in the making
The Mountain View, Calif., firm registers a broker-dealer then rolls out 'Marketplace' to virtually meld five big semi-manual platforms into one smoother, more digital NTF platform of alts -- and charge a hefty toll.
June 16, 2020 at 1:46 AM
As the sky falls, Addepar raises $40 million, at least in part because its software was built for rainy-day investors
'Ready' CEO Eric Poirier finds a backer in WestCap, which simultaneously inked a deal for stake in iCapital, the super roll-up of alternative investment platforms
