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Articles tagged "Addepar"


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Joe Lonsdale: As the alternative space matures there's room for creative approaches and ... products that might not have worked in the past.

Addepar founder Joe Lonsdale's second alts tech startup for RIAs, Opto Investments, leaves 'stealth' mode with $145 million raise and the chutzpah to take on iCapital and CAIS

Opto comes late to the alts game, but at a $475-million valuation, VC backers are seeing founders' vision of a way-upmarket niche

September 23, 2022 – 2:38 AM

Zak Boka: We can onboard an eight-year [alts] investment ... in a handful of minutes.

Startup gets Black Diamond and Addepar to integrate, maybe Orion and Tamarac en route, by creating a hack that lets people see analog alts like art collections the way they see digital hedge funds

AltExchange raised $1.25 million but bridged an alts gap that firms that spent hundreds of millions have not -- especially downmarket where alts are new on the scene

September 16, 2022 – 2:42 AM

Joe Lonsdale: We have a bunch of creative ideas based on lessons learned.

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

Eric Poirier: We admire what they've built.

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 – 3:03 PM

Adam Rein: If what we’re doing is valuable for you, we want to find a way to work with you.

Addepar, Aperio and Bain ex-execs throw $5 million at startup that makes RIAs the quarterback of 'impact investing' endowments that also shelter taxable wealth of ultra-high-net-worth clients

The high-profile, for-profit investors join non-profit foundations to back the Newton, Mass., venture that makes RIAs the pivotal role in marrying charity and ESG, yielding immediate, giant tax deductions.

August 24, 2021 – 2:09 AM

Joe Lonsdale: This is a rare company where the second decade is much more exciting than the first.

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 – 5:25 PM

David Obrand: 'I have the operator gene, it’s a very hard thing to expel.'

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

Ari Sonneberg: The Plaid deal opened Pandora’s Box for Visa.

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.

March 29, 2021 – 9:01 PM

Eric Poirier: We just see really a much bigger opportunity than our traditional competitors perceive.

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 – 3:34 AM

Eric Poirier: We’re on track for an even stronger third quarter.

Addepar now counts 20% of Barron's Top-100 RIAs as clients, but Tamarac, SS&C Black Diamond and Orion all retain an edge

Now 11-years-old and getting RIA religion, the Mountain View, Calif., VC creation shared numbers that put it on the doorstep of big milestones -- if enough alts-minded prospects are still there for the taking.

September 29, 2020 – 10:33 PM

Eric Poirier: You would be hard pressed to get it done any faster.

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 – 1:46 AM

Eric Poirier: We’ve been ready for this moment.

As the sky falls, Addepar raises $40 million, at least in part because its software was built for rainy-day investors

'Ready' CEO Eric Poirier finds a backer in WestCap, which simultaneously inked a deal for stake in iCapital, the super roll-up of alternative investment platforms

March 25, 2020 – 2:06 AM

Eric Poirier: We're delivering new functionality ... that empowers RIAs to ... with purpose-built, intuitive solutions.

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 – 5:05 PM

Jason Fertitta: We are excited to be able to work from the same side of the desk as our clients

Shirl Penney and Brian Hamburger gang-tackle largest breakaway of 2019 as Jason Fertitta, Team Americana bolt Morgan Stanley to form Schwab RIA

The Dynasty CEO and MarketCounsel CEO fended off the logistical and legal furies for small team with $6 billion in AUM and average accounts of $50 million

April 29, 2019 – 5:11 PM

Jon Porter has used Addepar since 2010. Kicked out of the pilot-user nest last year, he is now a paying customer.

Addepar finally makes friends with Fidelity and reboots its RIA service, again -- helped by a key ex-Tamarac hire

The $1.3-trillion performance software maker hired Samuel King, former Tamarac service chief and wins -- for keeps -- big RIA users as it puts its science project reputation aside to prosper

April 24, 2019 – 7:44 PM

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