Case study

Delivering highly personalized services with efficiency, while continuing to grow 

Since transitioning to Addepar, Patrimonica has transformed its approach to managing complex multi-asset, multi-currency portfolios. The platform’s capabilities have resolved many of the inefficiencies and constraints that previously affected their operations, with noticeable improvements in reporting, private investment tracking and tax processes.

One of the most immediate advantages has been the enhanced streamlining and customization capabilities of the reporting tools. Instead of the manual workarounds required to create tailored reports before Addepar, Patrimonica can now quickly adapt reporting to each client's specific needs, regardless of portfolio complexity — including adjusted report groupings, filters and columns.

This efficiency has allowed us to support our growth with flat resources, which has been a significant benefit in terms of both cost savings and operational effectiveness.

Jérémie Poirier Pratte, Vice President

The ability to consolidate data from various asset classes, including private investments, has allowed Patrimonica to provide clients with an immediate, accurate and comprehensive view of their holdings.

“When it came to tracking private investments, our previous system struggled to track key metrics like paid-in capital, total value to paid-in capital or commitments properly, which meant that we had to manually track these numbers, increasing the chance of a mistake,” says Poirier Pratte. Reducing the risk of error has been an important result for the firm, as has the ability to cater to a multi-generational client base by delivering immediate access to investment information via cutting-edge technology. 

Providing this level of transparency without adding headcount has been a key operational win for Patrimonica. “We've been able to scale our operations without needing to hire additional staff,” says Poirier Pratte. 

“This efficiency has allowed us to support our growth with flat resources, which has been a significant benefit in terms of both cost savings and operational effectiveness,” says Poirier Pratte.

Addepar has also helped Patrimonica overcome the challenges it faced managing tax reporting for diverse portfolios. 

“When we first adopted Addepar, one of our big challenges was figuring out how to calculate the cost basis for certain positions,” Poirier Pratte explains. “Addepar’s team worked closely with us to create a new transaction type for cost basis adjustments, which allowed us to track these changes more precisely and audit them more easily.” This collaborative solution has enabled more accurate, timely tax reporting. 

The automation of manual processes, such as bulk data updates, has further reduced the operational burden, freeing up valuable time and resources. Poirier Pratte explains, “For instance, we can now efficiently update large data sets, such as attributes or transactions related to private investments, by using import files. This has saved us hours of work, as we no longer have to make corrections one by one. We’ve also been able to establish more data feeds with financial institutions, significantly reducing manual data input and minimizing the potential for errors.”

By addressing the core challenges of complexity in multi-asset portfolios, inefficient reporting and manual tax processes, Addepar has empowered Patrimonica to deliver a faster, highly customized service. The firm is now better positioned to meet the evolving needs of clients while operating with greater efficiency and precision.

"In today’s financial landscape, having a platform like Addepar is essential. It’s enabled us to scale efficiently, improve accuracy and deliver a more personalized service to our clients. These are critical factors that help us stand out in a competitive industry."