Operational efficiency at scale
Addepar, alongside its integration with RedBlack, has transformed the investment team's operational efficiency and trading capabilities. “It’s probably had the biggest impact,” McEntire explained. “RedBlack has provided our trading platform with the flexibility and nimbleness that we need to keep up with allocation and rebalancing changes at scale. This gives us the ability to grow with existing resources.”
This efficiency stems from RedBlack’s ability to make a single allocation change and have it flow cleanly through every permutation of a model — something that previously required updating hundreds of individual versions. Venturi can also handle custom allocations with ease, even when clients fall outside generalized models or require asset location-specific structures.
And when it comes to data aggregation, the management of alternatives and general operations, the firm has noticed equally strong outcomes as a result of Addepar’s data and investment management solutions. The result is significant scalability without the need for increased headcount.
“We run a really tight investment team that benefits from robust solutions like Addepar and RedBlack,” says McEntire. “We do everything from private fund administration to reporting to family office services. But, we haven’t had to scale personnel. We have 2,000 live accounts with a four-person team. That's tremendous operating leverage at our firm, as a result of our tech freeing up time for us to focus on alternative due diligence.”
The open architecture that Addepar has -- to me, it's sort of a non-negotiable.
Family office sophistication
The results of onboarding Addepar and RedBlack haven’t just improved how Venturi operates internally — they’ve changed what the firm can offer clients and prospects. For example, clients now have access to the Addepar Client Portal, which mirrors the firm’s core reporting in a dynamic, timely format. “I think we originally set it up with the goal of mimicking a lot of what we show in our core reporting,” says Newman. “But in a more dynamic way, because you're not fixed to the date that a PDF report was run.”
The depth of reporting has also increased, with the firm better equipped to process, analyze and report on alternatives. “Addepar does a much better job incorporating our alternative funds and outside alternative funds. All these things coming together means we can offer something that we couldn’t offer to clients two years ago,” adds Newman. This is also translating into new business, with a sophisticated tech stack built for the demands of high-net-worth family office clients.
“I think if your technology means you can give better quality reporting that's more modern, clear, concise and readable for clients, that becomes a real differentiator,” says Newman. “So we're going to try to continue to be on the cutting edge of new technology in the wealth space.”
A best-in-class tech stack
Finally, Addepar’s open architecture and ease of integration is fundamental to Venturi’s ability to build a leading, connected tech stack, rather than accepting the limitations of an “all-in-one” solution.
Addepar’s direct integration with RedBlack, for example, allows Venturi to leverage the trading capabilities it needs, with Addepar at the foundation. Addepar acts as a single source of truth for each client’s data and target allocations while RedBlack executes against them. “We use RedBlack as an integral part of our overall asset allocation tool to keep client accounts in alignment with their target allocations that we have set at Addepar,” says McEntire.
This connectivity with RedBlack also supports more nuanced workflows — from custom allocations to multi‑tier model variations — without adding operational burden.
Connectivity and easy integrations have become the firm’s benchmark for technology decisions going forward. As Newman puts it: “The open architecture that Addepar has — to me, it’s sort of a non-negotiable.”
