TMCnet News
Addepar Surpasses $500 Billion in Assets and Opens Platform API for IntegrationsMOUNTAIN VIEW, Calif., Oct. 20, 2016 /PRNewswire/ -- Addepar, the operating system for our financial world, today announced major company milestones and significant updates to its technology, notably the availability of the Addepar Open API. With 97 percent year-over-year growth, Addepar now reports more than $500 billion in assets on its platform, and serves as mission-critical technology to more than 200 wealth managers, family offices, and large banks. In the past year alone, Addepar has added more than 85 new clients and partners to its impressive roster, including Crescent Grove Advisors, Crow Holdings, Dynasty Financial Partners, Jefferies and Tiedemann Wealth Management. For decades, financial advisors have been plagued by a surprisingly complex problem: a lack of full transparency into clients' investment portfolios in order to deliver high-quality, tailored advice at scale. Addepar solved this problem by building a unified platform that aggregates and normalizes all investment details and market data in a common language, no matter the data source, asset type or currency. "Finance needs a proper operating system to organize all of the information about investments, in the same way that marketing and advertising needed Google and Facebook to modernize. That's how we'll create a thriving ecosystem for innovation that serves us all," said Eric Poirier, Addepar CEO. "We're proud of our record growth and client partnerships with some of the world's most respected and demanding financial services firms, which underscores the imperative to strategically embrace technology and become truly client centric. Today we're excited to announce key steps towards our broader mission of powering the global financial system with a unified platform." New Client Wins Highlight Demand for Better Technology Similarly, Addepar has established partnerships with some of the industry's most innovative service providers. Dynasty Financial Partners recognizes Addepar's technical vision and renowned performance reporting and portfolio analysis. Citco andiCapital Network both connect directly to Addepar's platform to automate performance reporting for alternative investments. New Addepar Open API Calls for Unprecedented Innovation Last month, Addepar was referenced by Salesforce as a launch partner of Wave for Financial Services Cloud. Addepar's data platform and portfolio analysis and reporting applications provide advisors with a comprehensive view across client relationships, allowing advisors to access data from siloed systems in one coherent and seamless experience. "Eric and our team are updating this decades-old, interconnected industry with a financial operating system designed to benefit everyone, bringing data-driven and ethical decision-making to the investment world," said Joe Lonsdale, founding partner of 8VC, and co-founder of Addepar. "The global financial crisis demonstrated that fixing finance is an issue for everyone, and Addepar's technology shines a light on the hidden parts of global portfolios. Whether for a family office, an RIA, a big bank, or a pension fund, Addepar is providing the backbone this industry so desperately needs. I'm excited to see what other important new applications the industry creates with Addepar and for transparency, data-driven processes, and related innovation to spread to trillions of dollars of assets." Extending Best-In-Class Security Company Opens New Offices and Grows Team Addepar To learn more about how clients of all sizes are using Addepar to streamline operations, make more informed investment decisions, and provide superior client service, visit https://www.addepar.com/clients About Addepar
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/addepar-surpasses-500-billion-in-assets-and-opens-platform-api-for-integrations-300348217.html SOURCE Addepar |