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Addepar Announces Record Third Quarter Performance, Expands Leadership Team

During Record Sales and Customer Acquisitions in Q3, Addepar Names Former Morgan Stanley Executive New General Counsel 

MOUNTAIN VIEW, Calif. November 9, 2017 – Addepar, a leading fintech company serving the wealth management industry, today announced record sales and customer acquisitions in the third quarter of 2017. Following the third quarter, Addepar’s platform now supports more than $800 billion in total assets — an increase of more than 260 percent in less than two years. This growth represents a shift in the market, as wealth managers increasingly choose to partner with Addepar to replace legacy infrastructure with an all-in- one investment management platform. Addepar also announced the appointment of former Morgan Stanley executive Mitch Bompey as General Counsel to help support the company’s continued growth.

Financial Institutions Adopt Addepar’s Technology to Gain an Edge Over Competition

Addepar’s record quarter comes at a time of explosive growth for the fintech industry, as established financial institutions seek a competitive edge through partnerships with innovative startups. According to a global survey of more than 1,300 participants in the financial services industry, 82 percent plan to increase such partnerships in the coming years to replace dated technology with new tools that can improve operations and empower customers. Addepar’s platform provides this edge to its wealth management clients, helping advisors make more informed, data-driven investment decisions on behalf of clients and deepen trusted relationships by arming them with the tools they need to better conduct business. 

“Technology’s impact on the financial world is accelerating now more than ever,” said Eric Poirier, CEO of Addepar. “Wealth managers are searching for solutions that help them bring additional value to clients. Addepar provides a new level of transparency and empowers managers to ensure that each client’s portfolio is optimized to achieve their specific goals and objectives.”

Addepar Provides Investors With Unrivaled Transparency Into Rapidly-Evolving Asset Classes and a Complete View Into Portfolios 

Many of Addepar’s clients manage portfolios with investments in a variety of asset classes where access to data in real-time is crucial to making informed investment decisions. Addepar provides some of the world’s most prestigious wealth managers, including AB Bernstein, Oppenheimer & Co. Inc., BMO Wealth Management’s CTC | myCFO, Jefferies, and Morgan Stanley with a complete view of performance metrics across all assets in a portfolio.

“Our partnership with Addepar goes well beyond that of a typical vendor or service provider,” said Dave Barnard, Head of Private Wealth Management for AB Bernstein. “The team brings a meaningful understanding of our industry that is evident in the tools they have developed. Integrating Addepar’s technology enables us to strengthen the relationships we have with our existing clients and add a new layer of insight to our investment strategy.”

“We are pleased to be working with our partners at Addepar. Addepar’s performance reporting and consolidation functionality are key components of our new advisor workstation that incorporates multiple applications to support our ongoing effort for comprehensive wealth solutions for our clients,” said Tom Riordan, CIO of Oppenheimer & Co. Inc. 

Addepar Adds Another Dimension of Expertise to Its Leadership Team by Appointing New General Counsel

The company expanded its leadership team by appointing Mitch Bompey as the company’s new General Counsel. Reporting to CEO Eric Poirier, Bompey is responsible for the company’s legal and compliance groups, helping

Addepar navigate the regulatory landscape and proactively position the company for future growth. Previously, Bompey served as global head of technology, data protection and sourcing legal at Morgan Stanley.

“Addepar is revolutionizing financial services starting with wealth management,” said Bompey. “Having spent 17 years in the wealth management sector, I’m thrilled to contribute my expertise and experience to Addepar’s team during this period of rapid evolution within the industry.”

About Addepar 

Addepar is the financial operating system that brings common sense and data- driven investing to our financial world. Addepar gives asset owners and advisors a clearer financial picture at every level, all in one place. It handles all types of assets denominated in any currency. 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. Hundreds of single and multi-family offices, wealth advisors, large financial institutions, endowments, and foundations manage over $800 billion of assets on the Addepar platform. Addepar has offices in Mountain View, New York City, Salt Lake City, and Chicago.