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Addepar deal may salve big, lingering pain point for RIAs who use alternative investments

The Mountain View, Calif. software firm bought AltX to help back-end operations catch up with front-end display

Author Brooke Southall May 19, 2017 at 11:46 PM
Admin:
no description available
Eric Poirier: It's matching with a high correlation.

Brian Murphy

Brian Murphy

May 22, 2017 — 5:52 PM
This is exactly the type of problem that blockchain technologies could solve. Of course the industry would need to move in that direction. Think of it this way, the chain knows the entire holdings of each and every hedge fund at all points in time (because it's captured through transaction data). Those who contribute data to the chain can see their entire portfolios there and then can choose to allow different institutions different views, or profiles, on that data. For example, they may not want to provide daily portfolio holdings to the masses, but they might be willing to share aggregate data (% stocks, % bonds, or essentially "profiles") on an ongoing basis along with appropriate risk data. The hedge funds themselves would be in charge of turning clients off and on with regards to level of data insight they provide. For example, they might want to give the SEC access to real time security holdings, but provide aggregate risk data to portfolio managers.
Jeff Spears

Jeff Spears

May 22, 2017 — 6:16 PM
My firm was an early client of AltX because of the deep industry knowledge of Sam Hocking. That is the intangible value of this acquisition

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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

Addepar hires Advent genius then launches 'Advent Converter' to court the RIAs still on Axys and APX ; PortfolioCenter 'easy button' comes next

The tactic by the Mountain View, Calif. firm and Advent co-founder and code avatar Steve Strand comes a decade after Orion, Black Diamond and Tamarac began feasting on the legacy corpses, but Addepar insists meat remains on the bone.

March 3, 2020 at 5:05 PM


Mentioned in this article:

Addepar
Portfolio Management System
Top Executive: Eric Poirier



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