Addepar Sets Out Recent Milestones, Hails Asset Growth, Expansions

Tom Burroughes

26 October 2016

Addepar, a US-headquartered operating system for financial clients such as family offices, says it has passed the milestone of reporting more than $500 billion of assets on its platform, adding more than 85 new clients and partners to its roster, and now has 224 staff across the country.

Among the recent achievements of the firm, it said, has been making available its Addepar Open API. Asset growth has risen at a 97 per cent year-on-year rate, the firm said in a statement. It serves over 200 wealth manager firms, family offices and banks.

Recent new clients and partners have included Crescent Grove Advisors, Crow Holdings, Dynasty Financial Partners, Jefferies and Tiedemann Wealth Management.

“Finance needs a proper operating system to organize all of the information about investments, in the same way that marketing and advertising needed Google and Facebook to modernize. That’s how we’ll create a thriving ecosystem for innovation that serves us all,” Eric Poirier, Addepar CEO, said.

Among family office firms using Addepar’s services include Robertson Stephens, Rincon Advisors, The Fremont Group, and CAM Capital. In September, Addepar was referenced by Salesforce as a launch partner of Wave for Financial Services Cloud.

Earlier this year, the firm doubled the size of its New York City office to 25,000 square feet and in June opened a 25,000 square-foot Salt Lake City office. It operates from California, New York, Salt Lake City and Chicago.