Articles tagged "Eric Poirier"
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.
December 14, 2023 at 3:25 AM
After being 'blown away' by AdvisorPeak's engineering prowess, Addepar is buying the company to arm its clients with automated rebalancing software
The 12-year old Mountain View, Calif., performance reporter, with $3 trillion plus of adminstered assets, is buying the 18-person, third-year startup to apply to its 600 clients.
October 22, 2021 at 3:03 PM
Nearing $3 trillion of AUA, Addepar accepts another $150 million of unsolicited PE money because the price was right --a $2.17 billion valuation
D1 Capital Partners -- fresh off a crushing loss in the GameStop debacle -- footed the entire Series F capital raise by buying in at double Addepar's value from just seven months ago.
June 18, 2021 at 5:25 PM
With rivals pressing, Addepar insiders ante $117 million to up its game and settle in for the long haul -- as the firm adds $2 billion in pandemic-driven AUA each business day
On target for $5-trillion milestone by 2025, the Mountain View, Calif., reporting software comer hits $2.25 trillion of administered assets -- funded by founder Joe Lonsdale's 8VC, and Laurence Tosi-led WestPac.
November 20, 2020 at 3:34 AM
Addepar extends business model from software maker to player in the investments business -- a secretive project 10 years in the making
The Mountain View, Calif., firm registers a broker-dealer then rolls out 'Marketplace' to virtually meld five big semi-manual platforms into one smoother, more digital NTF platform of alts -- and charge a hefty toll.
June 16, 2020 at 1:46 AM
A higher bidder ripped WealthTouch from Craig Pearson's grasp but his startup could rip the clients, free of charge, right back -- and leave Addepar gasping
After his noncompete expired, the founder and CEO of Private Wealth Systems is welcoming old UHNW managers whose language he speaks
April 25, 2018 at 6:27 PM
What exactly to make of PCR 'doubling' assets to $250B in an eye-blink amid Addepar's inescapable presence
CEO Bob Miller pivoted to safer 'aggregation' ground where margins are slimmer but competition may be lighter
March 13, 2018 at 9:12 PM
Orion gets serious about Addepar's threat to its biggest clients
CEO Eric Clarke cobbles together a dozen providers, plus DTCC, into a workable reporting system for alternative investments that cuts labor, improves appearance
March 5, 2018 at 5:44 PM
Power Player: Addepar's Eric Poirier drags RIAs to seek alpha in a beta world even as the advisors demand -- and get -- eMoney and FolioDynamix connections
The Silicon Valley-based CEO seeks to change how RIAs invest by what they can track with a new API and a fresh $140 million of VC money to see it out
September 26, 2017 at 7:31 PM
Addepar secures Morgan Stanley account by winning a test of wills and unleashing a small army on Manhattan
Despite initial skeptics, industry pressure pushes first wirehouse into line, but will others feel the burn?
January 18, 2017 at 9:29 PM
After her Stanford B-school classmates rip on FAs at reunion, a stung Min Zhang takes uber north to Pershing RIA event to hear out Kitces, Tibergien and Poirier on the topic
Mark Tibergien, Mike Kitces, Addepar CEO and others in San Francisco show pathway to capturing the hearts and savings of 'bankless' millennials
May 6, 2016 at 9:05 PM
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
September 9, 2015 at 8:21 PM
Review: Nevin Freeman pops the Addepar hood to see what $50 million of coding can do for RIA software
Other than a couple of willful eccentricities, the Mountain View-based start-up's engineers earn a 'well done' from our technology maven
April 29, 2015 at 4:30 PM
After one year of 'eight-fold' growth, Addepar rotates Karen White out and an ex-SAP exec in
The new CMO, Barbara Holzapfel, will face the challenge of establishing a niche more specific than 'all of the above'
November 10, 2014 at 8:32 PM
The face of Addepar leaves the company amid intrigue about just where it stands with the RIA market
Mike Paulus was company president during its formative time and exemplified its faith in youth