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Eric Poirier

17 articles

Articles tagged "Eric Poirier"

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Eric Poirier: Our focus has been on building a unified platform.

May 14, 2025

Addepar finally confirms massive 'G' raise months past closing, but with terms intact and previously unnamed PE firm as co-lead; analyst calls it 'positive sign'

The Mountain View, Calif. firm had the $230 million lined up in January, expected to announce late February, but broke the news today.

Eric Poirier: We see an enormous growth opportunity to serve way more RIAs than we currently do, and [to sell] additional capabilities to RIAs we're serving.

Jun 14, 2024

Addepar's strategy balloons AUA $1 trillion in past year, near half of it from RIAs but its greenfield opportunity is still big

The software maker oversees more than 25% of all RIA assets, but for only about 2.7% of RIAs -- a gap its hip, young CEO -- now RIA software's senior statesman -- believes he can fix.

Eric Poirier: We’re investing more than $100 million a year in R&D – an investment that can outstrip everyone combined.

Dec 14, 2023

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.

Eric Poirier: We admire what they've built.

Oct 22, 2021

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.

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

Jun 18, 2021

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.

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

Nov 20, 2020

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.

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

Jun 16, 2020

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.

Craig Pearson: [Clients] said: If you come back, we're here.

Apr 25, 2018

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

Bob Miller: In 2015 90% of our revenue came from reporting ... In 2018 that will be less than 50 % so it's a major shift.

Mar 13, 2018

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

Eric Clarke: If we didn't do anything, our RIAs would have gone to Addepar or PCR and it would have given them a chance to cross-sell.

Mar 5, 2018

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

Eric Poirier: We are still in the very early days in terms of penetration in the RIA industry.

Sep 26, 2017

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

Eric Poirier: You don't want to be orphaned.

Jan 18, 2017

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?

The author with Mark Tibergien at the Pershing Symposium this week in southern California

May 6, 2016

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

Steve Wagner (center): I think there's something really cool about working with families.

Sep 9, 2015

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

Nevin Freeman: The killer feature of the new version of Addepar is the report generation. It’s unbelievably simple to use for what it produces.

Apr 29, 2015

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

Eric Poirier

Articles tagged "Eric Poirier"

Addepar finally confirms massive 'G' raise months past closing, but with terms intact and previously unnamed PE firm as co-lead; analyst calls it 'positive sign'

Addepar's strategy balloons AUA $1 trillion in past year, near half of it from RIAs but its greenfield opportunity is still big

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

After being 'blown away' by AdvisorPeak's engineering prowess, Addepar is buying the company to arm its clients with automated rebalancing software

Nearing $3 trillion of AUA, Addepar accepts another $150 million of unsolicited PE money because the price was right --a $2.17 billion valuation

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

Addepar extends business model from software maker to player in the investments business -- a secretive project 10 years in the making

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

What exactly to make of PCR 'doubling' assets to $250B in an eye-blink amid Addepar's inescapable presence

Orion gets serious about Addepar's threat to its biggest clients

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

Addepar secures Morgan Stanley account by winning a test of wills and unleashing a small army on Manhattan

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

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

Review: Nevin Freeman pops the Addepar hood to see what $50 million of coding can do for RIA software

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