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The inner orchestration of Dynasty, Addepar and Pershing/BNY Mellon it took to harmonize a $1.4 billion Merrill Lynch family office team

Vendors are finding ways to put UHNW corner family offices on conveyor belts in the service of RIA prosperity

Wednesday, September 9, 2015 – 8:21 PM by Lisa Shidler
Admin:
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Steve Wagner (center): I think there's something really cool about working with families.

Related Moves

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 – 2:02 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 – 12:09 AM

Dynasty Financial hires 'real deal' TD Ameritrade RIA sales talent who left after Schwab deal; he'll again mine for RIAs on Florida's Gold Coast--first big news since IPO disclosed

The St. Peterburg, Fla., technology outsourcer made its 10th Florida hire since start of year but first one on the state's Southeastern Coast

February 17, 2022 – 2:50 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 – 11:03 PM

See more related moves

Mentioned in this article:

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Addepar
Portfolio Management System
Top Executive: Eric Poirier




Pete Giza

Pete Giza

September 10, 2015 — 2:34 PM

Lisa,

Nice article. I am happy to see that the UHNW news space is starting to heat up. Family office bred fintech providers such as Addepar and WealthSite continue to find this niche underserved. Few if any other platforms outside the aforementioned can provide the customization and sub-asset reporting of private assets alongside their client’s public assets.

The world over family offices use Excel as their primary tool to manage private assets. Bringing it all together to produce a coherent and naturally flowing picture of a UHNW client’s worth is a tedious and painstaking process.

My point? There is a wide open market of opportunity to assist those managing the extraordinary wealth of over 2000 billionaires world wide. When you put it in those terms its a virtually untapped market for fintech.

As we like to say here at WealthSite to our client prospects regarding private assets: “We’re here to take Excel out of your reporting picture.”

Best,

Pete

Pete Giza | VP Biz Dev | www.wealthsite.com

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