Addepar provides portfolio management software to wealth advisors serving ultra- and high net worth individuals (U/HNW). The company states that its software is designed to bring common sense and ethical, data-driven investing to the financial world. Addepar handles all types of assets in any currency, aiming to help investors and advisors have a clear financial picture at every level, all in one place. The Addepar platform provides data aggregation & reconciliation, analysis tools, customizable reports, branded client portals, and API integration for other products and systems.
According to Addepar, its platform allows financial managers to visualize and communicate relevant information to anyone who needs it using the reporting functions. Addepar serves family offices, Registered Investment Advisers (RIA), private banks, broker-dealers and wirehouses with over $1.3 trillion in assets under advisory (AUA) on the platform (as of December 2018). The company grew the assets on the platform by over 30% in 2018 ($1T in April of 2018). BCG estimates that there is $27 trillion in U/HNW investable wealth globally (as of 2017).
Addepar has offices in Silicon Valley, New York, Chicago, and Salt Lake City and was co-founded in 2009 by Joe Lonsdale, co-founder of Palantir.
*Based on Preferred Stock Price, Addepar does not have a stock symbol since it is currently private and is yet to have an IPO.
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