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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

Author Kelly O'Mara February 25, 2013 at 4:52 AM
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Mike Paulus: If we took all the business we could this quarter, we would fail as a company.

Jeff Spears

Jeff Spears

February 25, 2013 — 8:36 PM

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

Ben Baldwin IIi

March 11, 2013 — 2:54 PM

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

Peter Giza

August 2, 2013 — 5:17 AM


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 Giza | VP Bus Dev | WealthSite | www.wealthsite.com | 603.594.9912
WealthSite – Concierge Wealth Accounting, Reporting, Reconciliation & Consulting

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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

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Mentioned in this article:

Top Executive: Nick Eatock

Portfolio Management System
Top Executive: Eric Poirier

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