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Addepar's Growth Accelerates, Marked by AltX Acquisition and $140 Million Funding Round in Q2MOUNTAIN VIEW, Calif., Aug. 9, 2017 /PRNewswire/ -- Addepar, the operating system for our financial world, today announced a strong second quarter and continued company momentum. Founded in 2009 by Joe Lonsdale, Addepar now supports 250 firms and $750 billion in assets on its leading investment management platform, a 33 percent increase since the beginning of the year. Client Growth Reflects Significant Industry Demand "CTC | myCFO is privileged to partner with some of the world's wealthiest families, helping them manage their wealth with an unwavering focus on service and an open architecture investment platform," said Nick Paldrmic, President of BMO Wealth Management's CTC | myCFO. "Our partnership with Addepar will allow us to focus on wealth research, advisory, and management while continuing to provide clients with sophisticated analysis and performance reporting across multiple generations, investment partnerships, and alternative investments." "Transitioning from a legacy system could have been a painful process. But Addepar made this experience as pain-free as possible. Addepar had us onboarded in a matter of weeks, and from our first engagement to the day-to-day support, they have consistently delivered an unrivaled level of client service," said Theodore B. Smith, III, Managing Member of GHS Partners. "Our family office wants to scale without a huge back office. The Addepar platform allows us to do this without an army of analysts." "Finding the right technology partner was critical to us as we started our new advisory firm. Addepar's platform gives us the flexibility and depthwe need to provide our clients with transparency and insight into their portfolios," said Stuart Ames, Partner at King Pine Investments. "Our endowment and foundation clients are sophisticated investors who take fiduciary responsibility seriously—both theirs and ours. As a critical part of the client experience, Addepar helps us demonstrate that we understand our clients' organizations and act as their integrated investment office/OCIO." Financing Ranks Among Largest Deals in 2017 Acquisition and Integrations Expand Platform "Our growth reflects extraordinary demand from wealth advisors who embrace technology strategically in order to serve their clients and scale their business," said Eric Poirier, CEO of Addepar. "In the past quarter, our team has made a massive impact—but we're just getting started: our recent funding, client and partner wins and commitment to deep innovation propel us toward our ambitious goal of powering the global financial system with a unified platform." To learn more about the Addepar platform, please visit addepar.com. About Addepar
View original content:http://www.prnewswire.com/news-releases/addepars-growth-accelerates-marked-by-altx-acquisition-and-140-million-funding-round-in-q2-300501749.html SOURCE Addepar |