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RBC Wealth Management-U.S. Transforms Portfolio Aggregation and Reporting for Advisors with Addepar

RBC Wealth Management-U.S. Transforms Portfolio Aggregation and Reporting for Advisors with Addepar

RBC-U.S. brings Addepar’s unparalleled experience and real-time reporting capabilities to its 2,100+ advisors, including independent broker-dealers and registered investment advisors in RBC’s Clearing & Custody Division 

MINNEAPOLIS and MOUNTAIN VIEW, CA -- January 12, 2022 -- RBC Wealth Management-U.S., one of the nation’s largest full-service wealth management firms, announced it has selected Addepar, a leading wealth management technology platform purpose built for investments, as its platform for data aggregation and reporting for its more than 2,100 financial advisors, with over $542 billion in client assets in 182 locations throughout 42 states across the country. 

“Our full-firm rollout of Addepar is an integral part of our vision to provide a best-in-class technology experience for financial advisors across the entire investment lifecycle - all for the benefit of our clients,” said Greg Beltzer, Head of Technology at RBC Wealth Management-U.S. “Our addition of Addepar’s software platform will further empower our advisors’ to build trusted relationships with their end clients, and ultimately, help them achieve financial goals.”  

Addepar will be available to all RBC Wealth Management-U.S. advisors, along with financial professionals of RBC Clearing & Custody (RBC C&C), a division of RBC Capital Markets, LLC. 

“Our highest responsibility is delivering lasting value to clients, and we display this through world-class strategic partnerships, like the one we’ve formed with the RBC Wealth Management team,” said Addepar CEO Eric Poirier. “Innovation is a constant in everything we do at Addepar. We continue to deliver value at scale by working closely with our clients, who are the industry's most cutting-edge, sophisticated wealth managers. Together, we challenge conventional approaches to maximize the benefits and positive impact to clients and the broader industry.”

Addepar’s breadth of data, analysis and reporting capabilities will allow RBC Wealth Management-U.S. advisors and RBC C&C to deliver comprehensive, client-friendly views for even the most complex portfolios, including alternative assets, at scale. The Addepar platform can model asset classes, currencies, or entities in a client’s portfolio, unlocking wider and deeper analytics. Its open ecosystem allows for seamless and secure integrations with RBC Wealth Management-U.S.’s full suite of technology solutions, driving ultimate workflow efficiency and strengthening client relationships. Customized reports from Addepar also provide compelling outputs tailored for each investor.

Following its $150 million Series F financing round in June led by D1 Capital Partners and its recent acquisition of AdvisorPeak, Addepar now has more than $3.5 trillion of client assets on its platform, growing at a rate of $15 billion per week. The company serves a coveted client base of more than 700 of the world’s top family offices, registered investment advisors, private banks and large financial institutions, across more than 25 countries. 

About RBC Wealth Management – U.S.

In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Wealth Management is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $542 billion in total client assets with more than 2,100 financial advisors operating in 182 locations in 42 states.

About Addepar

Addepar is a software and data platform that is purpose-built for professional wealth, investment and asset management firms to deliver outstanding results for their clients. More than 700 leading firms trust Addepar to unlock the power and possibility of more informed, data-driven investing and advice. With client presence in more than 25 countries, Addepar’s platform aggregates portfolio, market and client data for more than $3.5 trillion in assets. Firms can also use Marketplace, a digital experience offered through Acervus Securities (member FINRA), to access and transact in a range of investment products with a focus on alternative and private market investments. Addepar’s open platform integrates with more than 100 software, data and services partners to deliver a complete solution for a wide range of firms and use cases. Addepar embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City and Edinburgh, Scotland.