Case study

Addepar Enables Advisors to Scale Operations With Efficiency

Crescent Grove Advisors

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Crescent Grove Advisors

Crescent Grove is a 100% employee-owned boutique wealth management firm that offers specialized services to ultra-high net worth families and individuals. As an independent private investment firm, our commitment to clients is built on comprehensive wealth strategies that address complex needs. We combine an intelligent, process-oriented investment approach with concierge-style service, with each advisor working with a limited number of clients.Our vision from the beginning was to provide exceptional client service. White glove, high-touch. Our investment advice offers a long-term perspective, emphasizing objective research and discipline, but on a very personal level. Our process involves examining our clients’ situations from every angle, including existing relationships they may have with other service providers.

Headquarters

Lake Forest, Illinois

Founded

2015

Assets under advisement

$2B

Clients served

150

Team members

20

Automated Data Aggregation

Track the most granular transactions across all types of investments from any asset class, including alternatives, in any currency

We understand that our clients have real needs and real deadlines. They rely on us to manage those needs, no matter how complex. We have traditional fixed income managers, equity managers, and mutual funds that we recommend to clients, but we’re also very focused on alternative investments. And those require more sophistication and more horsepower.

"In the past aggregating a comprehensive net worth statement could take up to three days. Now with Addepar, it’s basically real-time. So in terms of servicing a client, that’s a huge upgrade. It is really powerful for us to be able to pull all that together on a very quick turnaround."

When we launched Crescent Grove in 2015 we knew that we needed to integrate key capital and technology partnerships to guarantee our success. Critical to this process was the seamless collaboration between Addepar, our custodian Fidelity and iCapital, an alternative investment platform.

Technology is a huge part of the value-added equation to deliver our brand of client experience. For example, in the past aggregating a comprehensive net worth statement could take up to three days. Now with Addepar, it’s basically real-time. So in terms of servicing a client, that’s a huge upgrade. It is really powerful for us to be able to pull all that together on a very quick turnaround.

Consolidated Financial Reporting

Empowering advisors to present rich visualizations to their clients, peers and stakeholders

From an efficiency perspective that’s certainly a big pick-up. Clients see the power of being able to aggregate different accounts from different custodians in one place. People can get a feel for what we’ll be producing for them, and that’s a big part of what Addepar brings to the table.

Real Time Analysis

Build on the solid foundation of a comprehensive data platform

Addepar has upgraded our ability to spend more time on the important things that add value to our client relationships. The systems we have in place are there almost entirely to create more time for our advisors so they can spend those moments on what’s most important.

Ultimately it comes down to providing clients with great service.  We want to keep building on what we’ve been doing. Addepar is a key ingredient in that vision, and our relationship with them really helps inform where we need to go to continually up our game.