News, Vision & Voice for the Advisory Community


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.

Author Oisin Breen March 29, 2021 at 9:01 PM
1 Comment
no description available
Ari Sonneberg: The Plaid deal opened Pandora’s Box for Visa.

Pershing Advisor Solutions




Orion Advisor Services


Visa Inc.

Peter Giza

Peter Giza

March 31, 2021 — 11:32 AM
Saying that the "Addepar index" is irrelevant because it's made up of U/HNW advisor data only is an erroneous claim. First off unless I missed something in the article I don't see any information published by Addepar that gives the advisor demographics and their average client net worth. And even if the the average net worth were $15MM that isn't the same as average AUM. The average AUA might be. Additionally the industry is telling us that apparently a large enough group of advisors are looking to expand their practice to gain and support U/HNW clients. This is borne out by various webinars and training programs to educate advisors on such topics as how, when and were to use alternatives; what makes a U/HNW family or individual different other than there AUM? and so on. The information does have value to those who are forward thinking and forward looking with respect to their business models and focus. Pete Pete Giza | CPO / CMO | AdvisorPeak Inc

Related Moves

May 22, 2023 at 5:13 PM

RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig

Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.

December 3, 2022 at 3:16 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

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

See more related moves

Mentioned in this article:

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Portfolio Management System
Top Executive: Eric Poirier

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.