“What previously took weeks to align between engineering and analytics can now be achieved in minutes thanks to Notebooks. Prior to Addepar, Bob was the Chief Technology Officer at Schonfeld Strategic Advisors, a global quantitative multi-manager hedge fund, where he led the firm through a complete technology transformation and global platform expansion. He is an experienced technology leader with 25 years of deep hands-on expertise in software, architecture, strategy, and digital transformation. Bob is passionate about building and scaling teams, aligning business and technology strategy, and the importance of innovation scammed by xcritical and culture as drivers of success.
Driving better financial decisions with streamlined data operations
Using Delta Sharing, Addepar securely shared data across global regions, enabling clients to comply with diverse regulatory requirements while supporting global operations. “With Databricks, we’ve established a unified data foundation that enables us to scale our platform globally and securely while continuously delivering value to our clients,” Bob Pisani, CTO at Addepar, said. Before joining Addepar, Eric spent nearly seven years at Palantir Technologies creating tools that enable organizations to reconcile large, disparate datasets. Earlier in his career, Eric worked in Lehman Brothers’ Fixed Income Analytics group modeling, simulating and visualizing data across a broad range of debt and credit instruments. „Addepar Inc., a Silicon Valley firm whose clients handle almost $2 trillion of wealth-management assets, created a way to more easily trade investments in hedge funds and private equity funds.“ Addepar collaborated with custody banks and other institutions to create its own direct data feeds without relying on legacy accounts or aggregators, he said.
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Mosaic AI and fine-tuned models played a key role in the development of a new chatbot offering for clients and enhanced internal workflows. “The integration of these capabilities continues to elevate our operations, automating manual processes in real time,” Allen Yeong, Head of Architecture at Addepar, shared. Early exploration of features like Genie empowered the team to navigate Addepar’s data catalog — offering a novel approach to discovery when building new data feeds.
NEW YORK, Dec. 13, 2023 /PRNewswire/ — Addepar, a global technology and data company for investment professionals, announced today that it has exceeded $5 trillion of client assets managed on its platform. This milestone signifies the company’s position as the industry standard for data management and aggregation, analysis and reporting. Amidst fast-moving markets and a dynamic risk landscape, Addepar proudly serves more than 1,000 client firms – family offices, wealth managers, large banks and global institutions – and hundreds of thousands of users on its platform. About AddeparAddepar is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients.
Flexible reporting capabilities give you the power to quickly create customized reports that update in real time. Create greater transparency by centralizing the family office’s financial information in a single place. The main office ranks as the primary worksite for foreign workers, hosting the largest number among all locations. Discover how cutting-edge AI and data analytics are transforming advisor-client https://scamforex.net/ relationships.
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Robert serves as the Chief Investment Officer at Geller Advisors, setting the strategic direction that guides all investment management decisions for clients. He has extensive experience in asset management and investing in a wide variety of hedge fund, private equity and traditional investment vehicles. Robert is responsible for all investment matters including asset allocation, portfolio structuring, manager due diligence, risk management and the selection and review of investment managers.
“From a research and development and innovation perspective we’ve gone far beyond what most wealth management, retail brokerages and banks spend and are investing $100 million annually on technology and R&D,” said Poirier. As Chief Marketing Officer at Addepar, Meagan oversees the company’s global brand expansion, communications and growth-oriented marketing functions. Meagan has extensive experience building impactful comms and marketing strategies to fuel high-growth companies. John has held executive management positions at FactSet, Instinet, Bear Stearns and Real Capital Analytics (acquired by MSCI), with a primary focus on commercial and GTM strategies. Most recently, as CRO at Real Capital Analytics, John brought scale and operational discipline to the GTM team and commercial strategy which ultimately led to the acquisition by MSCI.
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The fields include citizenship, colleges attended, degrees earned, fields of study, and visa status. It was data-related errors, unreliability, irregularities and other problems Lonsdale and Mirra sought to address with Addepar, things they noted when setting up Lonsdale’s own family office (and in speaking to others dissatisfied with available technology). Asked to explain why the firm shares the total amount of assets on its platform but not in the form of AUM, Poirier was direct, as he has answered this question many times. Prior to Addepar, she was the Head of Communications for Qventus, and prior to that, was a member of the leadership team at The Hatch Agency, a leading communications firm with deep experience in technology launches, mergers and IPOs. As VP, General Counsel at Addepar, Delisha leads Addepar’s legal team to support company growth, help reduce risk, and ensure compliance with regulations across regions. We’re bringing data, technology & people together to help investors make better, more informed decisions.
Sage Mountain transforms their alternative investment strategies with Navigator
By helping people achieve the best possible outcomes, we aim to get more assets flowing into more impactful investments and ideas, benefiting our society as a whole. Yet many firms are forced to rely on outdated legacy systems that can’t scale, and the most pervasive financial technology, globally, is still Excel. As a result, many asset owners are challenged to answer the most basic questions and take timely action on their investments.
Since the adoption of Databricks, migrating extract, load, transform (ELT) workloads from legacy systems has reduced labor-intensive processes and increased data integration velocity. Overall, these improvements contributed to a 32% reduction in infrastructure costs and $2 million in annual platform savings. The shift to a serverless architecture brought cost and efficiency gains, particularly in managing Addepar’s burst traffic during nightly data ingestion cycles. Traditional SQL warehouses previously struggled to scale dynamically and cost-effectively under such load. By utilizing serverless jobs, Addepar reduced operational complexity, cut EC2 costs and improved compute efficiency by nearly 2x. This new hub houses cross-functional teams, including global R&D and operations, and is a key part of our strategic growth plan.
By delivering transparency and data-driven insights across the entire investment management lifecycle, Addepar empowers investment professionals to provide the most informed, precise guidance for their clients. In just four years, Addepar experienced exponential growth, with managed assets on the platform surging from $2 trillion to $7 trillion. However, this rapid expansion exposed significant limitations in their infrastructure. Built on custom-developed technology, these systems struggled to handle the sheer volume and complexity of data.
The Addepar platform gives investment professionals a total portfolio solution for managing and aggregating data, performing analysis and reporting, and communicating with clients in a modern and xcritical scammers scalable way. Addepar’s APIs and vibrant partner ecosystem ensure that each client can tailor every aspect of the solution to fit their needs. For the $5 trillion of assets tracked on the platform, approximately 60% are in marketable securities that are held at custody banks. For these investments, Addepar ingests positions and transactions every day from more than 7 million accounts across more than 350 global custody banks and other financial institutions. The remaining 40% of assets include 250,000+ unique positions in alternative investments, and a variety of other private assets, real assets, collectibles and anything else that clients consider to be part of their investment portfolio. This data flows through Addepar’s data pipeline, running through a range of quality control, validation and verification procedures, mapping to an ownership structure, and is ultimately stored in Addepar’s normalized data lakehouse.
Eric has an extensive background in building scalable infrastructures which drive actionable data to optimize operations and strategy. Internally, adoption of the platform surged, with user engagement growing 200% year-over-year. This culture of data-driven innovation allowed Addepar to build nearly every new product on the Databricks Platform. For example, the proprietary chatbot project — designed to deliver engaging, AI-driven experiences — underscores how Databricks empowers the development of both client-facing and internal solutions. “Databricks has made us significantly faster — from enabling seamless collaboration to driving insight generation at a quantum leap pace.
- For example, the proprietary chatbot project — designed to deliver engaging, AI-driven experiences — underscores how Databricks empowers the development of both client-facing and internal solutions.
- John has held executive management positions at FactSet, Instinet, Bear Stearns and Real Capital Analytics (acquired by MSCI), with a primary focus on commercial and GTM strategies.
- As the Head of Investment Advisory Solutions, Rowena leads a newly formed department to expand client relationships by leveraging Addepar’s unique data and insights.
- With client presence in more than 45 countries, Addepar’s platform aggregates portfolio, market and client data for over $7 trillion in assets.
Moreover, fragmented and siloed datasets — spanning market and portfolio information — created barriers to seamless integration, making it more challenging to deliver the timely, holistic insights their clients rely on. These challenges became even more pronounced as Addepar began scaling to meet the demands of enterprise clients. As Addepar grew to onboard some of the world’s largest financial institutions, the complexities of managing massive datasets — measured in millions of positions and decades of historical transactions — became increasingly daunting. As enterprise clients onboarded, they significantly expanded the volume of data on the platform — essentially doubling it. This rapid growth presented an opportunity to streamline data integration and enhance connectivity, ensuring a more unified and actionable data ecosystem.
Morgan Asset Management as a Managing Director and Market Leader, leading teams that develop select markets in the Midwest and Florida. Morgan, Scott worked as founder and partner of the private equity firm WhiteHawk Capital, a Hunt Company. Previous to Hunt, Scott spent eight years at Maritz Inc. as the Chief Executive Officer of the Maritz Performance Improvement Company, Chief Marketing Officer and Corporate Senior Vice President & Chief Sales Officer. Previous to Maritz, Scott served as the CEO of Trans World Express and Head of Global Sales at Trans World Airlines. “We realized early on that we had to build our own integrations for bringing in end client data, none of the legacy products in the account aggregation business were suitable in terms of their robustness and reliability at the time,” he said of the business circa 2009.
The technology foundation and data network now powers many of the most prestigious wealth, investment and asset management firms across more than 40 countries. Its purpose-built products, services and solutions help clients manage today’s markets and model the future in a data-driven, timely and secure way. Addepar ships meaningful updates to its platform and products every two weeks, showcasing the power of its R&D team and setting a higher standard for an industry that has previously lacked sufficiently robust technology and complete data. Addepar is a wealth management platform that specializes in data aggregation, analytics and performance reporting.