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Addepar hits $2 trillion of RIA assets and $5 trillion of 'overseen' assets but still burns through $100 million annually for R&D, with an eye to $250 trillion of global consumer assets

The Mountain View, Calif. performance reporting software company claims it will now offer a warm shoulder to $100-million RIAs, though 'Big Three,' Orion, Tamarac and Black Diamond don't see them at that table right now, say industry experts.

Author Oisin Breen December 14, 2023 at 3:25 AM
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Eric Poirier: We’re investing more than $100 million a year in R&D – an investment that can outstrip everyone combined.
Brooke Southall and Keith Girard contributed to the editing of this article.


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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

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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