New functionality and attributes to fuel growth and scale in 2024
Inside Addepar is a monthly round-up of Addepar platform updates, research insights and client, partner and company news.
In November, we’re continuing our momentum with updates to create a more seamless experience throughout the product, including enhancements to the in-app import tool and a new Change in % Ownership attribute. The latest Addepar Research shares findings and offers actionable best practices for how investors can consider risks and opportunities from tech disruption, and we share updates from the Addepar community.
Import cost basis and groups
After a great response to in-app imports, we continued that momentum: users can now import cost basis, including digital assets and groups, without leaving Addepar. You can also use pagination to browse import history and download a file of new entities to get their IDs even when they don’t have a direct owner. This allows for a more seamless process when utilizing the in-app import tool.
Import cost basis and groups
Track change in ownership % over time
Users can now calculate the % Ownership attribute using any time point, not only a view or report’s end date. Previously it was only calculated using a view or report's end date. The new Change in % Ownership attribute shows change in ownership percentage over a specific period. These two updates make it easier to report on ownership changes.
Calculate % Ownership
As a follow-up to the Secondary Market Scorecard covering data and observations from 3Q2023 that was shared last month, the Marketplace team continues to advise on increased secondary activity in the second half of this year.
With limited traditional exit activity and, as a result, distributions from private investments, some clients face challenging portfolio decisions in managing private market exposure and the desire to recycle capital. Investors conscious of exit timing are increasingly turning to the secondary markets for potential liquidity opportunities for single assets, LP and multi-asset sales.
Connect with email@example.com to learn more about avenues for private asset liquidity. Marketplace is offered through Addepar’s affiliate broker-dealer, Acervus Securities, member FINRA/SIPC.
Research & Insights
As generative AI and other innovations are accelerating at a frenetic pace, investors are asking, “How might these technologies impact my portfolio?” Despite the prevalence of these large-scale tech disruptions, few investors have defined processes for analyzing and managing the risks and opportunities that such disruptions pose for their portfolios.
In a report titled, “Tech Disruption: Managing exposure to breakthrough technologies,” the Addepar Research team conducted 20 case studies with top institutional investment organizations, including large global public pension funds and endowments. This report distills these findings and offers actionable best practices for how all investors – no matter their size or resources - can consider risks and opportunities from tech disruption.
What’s Happening Around the Addepar Community
Webinar: In today’s market conditions, bold tactics and a keen eye for the future are necessary to fuel scale and growth at leading RIAs. On December 14, Requisite Capital Management Managing Partner, Bryn Talkington, and Addepar Head of Client Engagement and Success Management, Rob Sheahan, will join WealthManagement.com to discuss the unique challenges and opportunities facing the RIA industry in 2024. Register here to attend.
Integrations update: This month, we’re excited to partner with SideDrawer. SideDrawer’s cloud-based platform offers a simplified and streamlined implementation to eliminate repetitive tasks, automate daily workflows and provide hands-on support to set up the integration with Addepar. Learn more about our integration partners, explore technical details and find onboarding instructions in the Addepar Integration Center.
Addepar in Miami: We hosted a Community Meetup in Miami with the opportunity to hear from Addepar experts and share personal experiences using the Addepar platform. If you’re interested in learning more about our Community Meetups and where we’re headed next, reach out to our team at firstname.lastname@example.org.
We recently sat down with Addepar’s VP, General Counsel, Delisha Grant, to hear about her career journey and what excites her about Addepar. Head over to the Addepar blog to learn more about Delisha’s accomplishments and the best advice she’s received.
AddeOne, Addepar’s volunteer program, aims to empower employees to give their time and resources to align with our purpose to maximize the positive impact of the world’s capital. This month was our second annual Giving Month, where employees had the opportunity to volunteer in their communities.
Addepar volunteers in San Francisco
Addepar volunteers in Edinburgh
Addepar is a software and data platform that is purpose-built for professional wealth, investment and asset management firms to deliver outstanding results for their clients. We’re helping our clients unlock the power and possibility of more informed, data-driven investing and advice. Our platform was created to empower investment managers to make data-driven and more confident investment decisions, and to clearly see how assets are performing and where they might be exposed. Most recently, we’ve expanded our capabilities to include Navigator for scenario modeling and AdvisorPeak Trading & Rebalancing to address portfolio drift.