Addepar Surpasses $500 Billion in Assets and Opens Platform API for Integrations

| Addepar

Leading Investment Management Platform Advances Vision to Create a Unifying Operating System for Finance

MOUNTAIN VIEW, Calif. – Oct. 20, 2016 – Addepar, the operating system for our financial world, today announced major company milestones and significant updates to its technology, notably the availability of the Addepar Open API. With 97 percent year-over-year growth, Addepar now reports more than $500 billion in assets on its platform, and serves as mission-critical technology to more than 200 wealth managers, family offices, and large banks. In the past year alone, Addepar has added more than 85 new clients and partners to its impressive roster, including Crescent Grove Advisors, Crow Holdings, Dynasty Financial Partners, Jefferies and Tiedemann Wealth Management.

For decades, financial advisors have been plagued by a surprisingly complex problem: a lack of full transparency into clients’ investment portfolios in order to deliver high-quality, tailored advice at scale. Addepar solved this problem by building a unified platform that aggregates and normalizes all investment details and market data in a common language, no matter the data source, asset type or currency.

“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,” said Eric Poirier, Addepar CEO. “We’re proud of our record growth and client partnerships with some of the world’s most respected and demanding financial services firms, which underscores the imperative to strategically embrace technology and become truly client centric. Today we’re excited to announce key steps towards our broader mission of powering the global financial system with a unified platform.”

New Client Wins Highlight Demand for Better Technology

During the past year, Addepar’s innovative approach has earned the attention of RIAs looking to focus more on their business and their clients—rather than IT and reporting. Additionally, complex family offices and large banks with sophisticated wealth management businesses are also adopting Addepar at record pace. Firms such as Robertson Stephens, Rincon Advisors, The Fremont Group, and CAM Capital have all chosen Addepar to support their unique investment management and reporting needs.

Similarly, Addepar has established partnerships with some of the industry’s most innovative service providers. Dynasty Financial Partners recognizes Addepar’s technical vision and renowned performance reporting and portfolio analysis. Citco and iCapital Network both connect directly to Addepar’s platform to automate performance reporting for alternative investments.

New Addepar Open API Calls for Unprecedented Innovation

Addepar provides a consistent way to view investments on a single platform that encapsulates transactions, holdings, securities, tax lots and related metadata. To accelerate innovation, Addepar released the Addepar Open API, which gives clients and integration partners a programmatic solution to tie Addepar’s data and calculations into a multitude of other products and systems. The Addepar Open API will ultimately allow developers to build their own applications on the Addepar platform, enhancing the value of the overall system for all Addepar clients.

Last month, Addepar was referenced by Salesforce as a launch partner of Wave for Financial Services Cloud. Addepar’s data platform and portfolio analysis and reporting applications provide advisors with a comprehensive view across client relationships, allowing advisors to access data from siloed systems in one coherent and seamless experience.

“Eric and our team are updating this decades-old, interconnected industry with a financial operating system designed to benefit everyone, bringing data-driven and ethical decision-making to the investment world,” said Joe Lonsdale, founding partner of 8VC, and co-founder of Addepar. “The global financial crisis demonstrated that fixing finance is an issue for everyone. Addepar’s technology shines a light on the hidden parts of global portfolios. Whether for a family office, an RIA, a big bank, or a pension fund, Addepar is providing the backbone this industry so desperately needs. I’m excited to see what other important new applications the industry creates with Addepar and for transparency, data-driven processes, and related innovation to spread to trillions of dollars of assets.”

Extending Best-In-Class Security

Addepar’s dedication to improving security, risk and compliance using technology continues to attract top-tier institutions, sophisticated family offices and RIAs alike. Further extending its best-in-class security infrastructure, Addepar now enables clients to use single sign-on to consolidate user credentials and to extend any specialized corporate network or security settings to their instance of Addepar. Clients can also use two-factor authentication to add an extra level of security to their login process. These enhancements complement Addepar’s unrivaled approach to securing its platform, infrastructure and data, which is often cited by clients as the company’s biggest differentiator with respect to risk mitigation.

Company Opens New Offices and Grows Team Addepar

To meet the needs of new clients and prepare for continued growth, the company announced employee headcount has reached 224. Headquartered in Silicon Valley, Addepar has expanded is footprint across the United States. Earlier this year the company doubled its New York City office to 25,000 square feet and in June opened a 25,000 square-foot Salt Lake City office to streamline Addepar’s client solutions infrastructure and offer more measurable deployment assistance to the expanding client base.

To learn more about how clients of all sizes are using Addepar to streamline operations, make more informed investment decisions, and provide superior client service, visit https://www.addepar.com/clients

About Addepar

Addepar is the financial operating system designed to bring common sense and ethical, data-driven investing to our financial world. Addepar handles all types of assets in any currency so investors and advisors have a clearer financial picture at every level, all in one place. With customizable reporting, financial advisors can visualize and communicate relevant information to anyone who needs it. Secure, scalable, and fast, Addepar is purpose-built to power the global financial system. With offices in Silicon Valley, New York, Chicago and Salt Lake City, Addepar works with more than 200 single and multi-family offices, wealth advisors, large financial institutions, endowments and foundations representing more than $500 billion assets under management. Learn more at www.addepar.com