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Opto Investments recognizes impact of co-founders with appointments to key leadership positions, introduces enhanced product offerings

Retrieved on:

Monday, March 11, 2024

Opto Investments (“Opto”), the technology-driven solution that empowers forward-looking investment advisors to confidently access private markets, today announced appointments in key leadership positions, as well as a suite of product enhancements.

Key Points:

Opto Investments (“Opto”), the technology-driven solution that empowers forward-looking investment advisors to confidently access private markets, today announced appointments in key leadership positions, as well as a suite of product enhancements.
Miller spearheads initiatives aimed at enhancing Opto's RIA partnerships and integrating institutional-quality investment techniques and programs into its platform.
Before co-founding Opto, Miller spent nearly five years as an investor at Bridgewater Associates, where he continued to build on his expertise in alternative investments.
Assuming the role of chief technology officer, Matt Reed , a co-founder at Opto who leads its engineering efforts, is instrumental in upholding the company's tech-first approach.

8VC Names Karen White as Executive Partner

Retrieved on:

Wednesday, March 13, 2024

Microsoft, Moody's Investors Service, Software as a service, Apple, Learning, OpenGov, SolarWinds, Internet, RMS, Acquisition, IPO, Addepar, Syncplicity, Oracle, EMC, Marketing, Cryptocurrency

AUSTIN, Texas, March 13, 2024 /PRNewswire/ -- 8VC, a leading venture capital firm managing over $6 billion in committed capital, announced the addition of Karen White as Executive Partner.

Key Points:

AUSTIN, Texas, March 13, 2024 /PRNewswire/ -- 8VC, a leading venture capital firm managing over $6 billion in committed capital, announced the addition of Karen White as Executive Partner.
Karen has been a driving force behind several multi-billion-dollar companies, and brings her extraordinary history of innovation, transformation, and hypergrowth to 8VC.
From the 8VC platform, Karen will also co-found and lead a new technology company, to be announced at a later date.
According to 8VC General Partner Joe Lonsdale, "I've had the privilege of learning from and working closely with Karen for over a decade.

Addepar Surpasses $5 Trillion in Assets on its Platform, Boosted By Exceptional Client Growth

Retrieved on:

Wednesday, December 13, 2023

Investment, Ecosystem, Growth, Data management, Quality control, API, Partnership, Entrepreneurship, Cryptocurrency, Addepar

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.

Key Points:

Our growth continues accelerating, and we have more than doubled our client count and assets on Addepar's platform over the last few years."
As we have grown, Addepar has allowed us to simplify complexity, save time and establish greater transparency and client trust.
For the $5 trillion of assets tracked on the platform, approximately 60% are in marketable securities that are held at custody banks.
Addepar has an ambitious growth trajectory and the company is on a path to be the technology and data platform that connects the $255+ trillion global investment ecosystem.

Introducing Powder -- The Generative AI Co-Pilot for Wealth Advisors That Streamlines Manual Sales Process To Deliver Immediate Value For Prospective Clients

Retrieved on:

Tuesday, November 14, 2023

Acquisition, Risk, LOS, BlackRock, Parashar, AI, API, Cryptocurrency, Financial services, Addepar, Powder, Webflow

LOS ALTOS, Calif., Nov. 14, 2023 /PRNewswire/ -- Powder, the AI co-pilot that helps wealth advisors develop a clear implementation plan to win clients faster, today announced its public launch and pre-seed funding led by Elefund, with additional participation from Laks Srini (former co-founder and CTO of Zenefits), Bryant Chou (co-founder of Webflow), Jon Xu (former co-founder and CTO of FutureAdvisor, acquired by Blackrock), David Meister (Head of Enterprise Sales at Addepar), and others.

Key Points:

This results in a long, confusing sales process that has little transparency and leaves prospective clients unclear on the value the advisor is able to provide.
Powder democratizes access to wealth by simply and effectively demonstrating an advisor's value by removing archaic processes that reduce the sales process from months to weeks.
Powder serves as a sales co-pilot for wealth advisors that efficiently gathers portfolio data, builds portfolios, creates tax and estate models and facilitates the laborious onboarding paperwork when the advisor wins the client's business.
"Wealth advisors deal with high customer acquisition costs and manual labor, which is pretty amazing given how much money they are managing.

Prove Identity Appoints Mitch Bompey as Chief Legal Officer

Retrieved on:

Wednesday, October 11, 2023

Professional Services, Data Management, Security, Technology, Finance, Fintech, Fraud, Morgan Stanley, General counsel, Risk, University, Data management, Fish, Virginia School for Girls, Privacy, Cryptocurrency, Proof, Addepar

Prove Identity, Inc. (“Prove”) , the global leader in digital identity , announced today the appointment of Mitch Bompey as Chief Legal Officer.

Key Points:

Prove Identity, Inc. (“Prove”) , the global leader in digital identity , announced today the appointment of Mitch Bompey as Chief Legal Officer.
Bompey, who recently served as General Counsel and Chief Risk Officer at Addepar, a fintech data platform, brings over 25 years of legal expertise in technology licensing, data management, privacy, and security to Prove.
Prior to his six-year tenure at Addepar, Bompey served as Managing Director, Head of Technology, Data Protection & Sourcing Legal at Morgan Stanley.
"We are thrilled to have Mitch join the Prove team," said Rodger Desai, Prove’s Chief Executive Officer.

London & Capital Partners with Addepar to Deliver Tailored Investment Management and Reporting on a Global Scale

Retrieved on:

Thursday, September 21, 2023

Data management, Overalls, London Capital Credit Union, Capital, Partnership, Research, Investment, Financial services, Addepar

LONDON, Sept. 21, 2023 /PRNewswire/ -- London & Capital, an international wealth & asset manager based in the UK, today announced a collaboration with Addepar, a global technology and data company for investment professionals, to bring data modeling, portfolio analytics, tailored investment management and performance reporting to its wealth management clients in the UK and around the globe.

Key Points:

With this partnership, London & Capital will seamlessly anchor their technology stack around Addepar's industry standard platform for data management and reporting.
"London & Capital is delighted to have a partner in Addepar whose strategic ambition aligns with ours, and allows our advisors to focus their time on investments and clients," said Marc Graveney, Chief Operating Officer at London & Capital.
London & Capital and Addepar share a global mindset towards investment management to provide a truly borderless, integrated solution to help clients think about their holistic portfolio and future investment decisions in a more data-driven way.
The partnership with London & Capital will enable wealth management clients around the world to run their business in a more tech-enabled, collaborative and data driven way.

RealBlocks Appoints Ron Barasch as Chief Marketing Officer

Retrieved on:

Tuesday, August 1, 2023

Professional Services, Data Management, Technology, Software, Finance, Asset Management, Fintech, Communication, Software as a service, Partnership, Marketing, Head, H&R Block, CMO, Barasch, Visa, Growth, Mental health, Addepar

RealBlocks announced today that Ron Barasch has joined its team as Chief Marketing Officer (CMO).

Key Points:

RealBlocks announced today that Ron Barasch has joined its team as Chief Marketing Officer (CMO).
“We are excited to welcome Ron to the RealBlocks team at this great inflection point for the company,” said Perrin Quarshie, CEO of RealBlocks.
“Starting the next chapter of my career at RealBlocks is a great achievement and one that I fully embrace,” Barasch said.
Prior to his role at Addepar, Barasch worked at Envestnet Yodlee as Vice President of Marketing where he managed the firm’s global marketing and communications strategy.

Addepar Earns "Best in Class" in the 2023 Aite Matrix: RIA Portfolio Management and Reporting Systems

Retrieved on:

Thursday, May 11, 2023

RIA, Ecosystem, RIAS, Wealth management, Automatic Packet Reporting System, Financial adviser, Addepar

MOUNTAIN VIEW, Calif., May 11, 2023 /PRNewswire/ -- Addepar, a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients, today announced it has been named as the "Best in Class'' provider by Aite-Novarica Group in the 2023 Aite Matrix: RIA Portfolio Management and Reporting Systems. The report evaluated the competitive position of seven leading software vendors for the RIA market, focusing on key elements including advisor reporting and functionality, portfolio rebalancing, third party integrations, and client portal capabilities. Addepar was selected as "Best in Class" based on multiple categories, including client feedback, platform features, partnerships and overall company health.

Key Points:

Addepar was selected as "Best in Class" based on multiple categories, including client feedback, platform features, partnerships and overall company health.
"Addepar has become a dominant leader in this space in a short time frame; remarkably, without any support from a corporate parent.
Its overall functionality, integration, and management quality has earned Addepar a well-deserved spot in the winner's circle," said Wally Okby, Strategic Advisor, Wealth Management at Aite-Novarica Group.
More information on Addepar within the 2023 Aite Matrix: RIA Portfolio Management and Reporting Systems is available here .

UBS Partners With Addepar and Mirador to Deliver Comprehensive Wealth Analysis and Reporting for Ultra High Net Worth Clients

Retrieved on:

Wednesday, November 16, 2022

Built with open architecture, Addepar integrates the leading-edge software, data and service partners from across the fintech industry.

Key Points:

Built with open architecture, Addepar integrates the leading-edge software, data and service partners from across the fintech industry.
Addepars data, analysis and reporting capabilities will help UBSs advisors consolidate clients performance calculations presented in an easily accessible graphic interface to unlock additional insights on returns and investment trends.
We are thrilled to have UBS as our first enterprise-wide client, said Jeremy Langlois, Chief Revenue Officer, Mirador.
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.

HSBC U.S. Private Banking Enhances Wealth Management Solutions with Addepar

Retrieved on:

Monday, October 31, 2022

Private Banking, part of the banks Wealth and Personal Banking business, announced today that it has selected Addepar, a leading technology platform purpose built for investments, as its consolidated client performance reporting platform.

Key Points:

Private Banking, part of the banks Wealth and Personal Banking business, announced today that it has selected Addepar, a leading technology platform purpose built for investments, as its consolidated client performance reporting platform.
Private Banking serves domestic and international high net worth and ultra high net worth clients, as well as family offices, with $65 billion in assets under management.
As one of the largest banking and financial services organizations in the world, HSBC is committed to building the bank of the future by implementing transformative digital solutions for clients.
Private Banking with critical tools, such as comprehensive portfolio views and in-depth analytics, which will optimize the client experience.