Addepar
 |
|
| Private | |
| Industry | Financial technology |
| Founded | September 2009 |
| Founders |
Joe Lonsdale (Executive Chairman of the Board) Jason Mirra |
| Headquarters | 303 Bryant Street, Mountain View, California, United States |
|
Number of locations
|
4 (2016) |
|
Area served
|
Worldwide |
|
Key people
|
Eric Poirier (CEO) Daniel Bookstaber (COO) Nancy Hilker (CFO) |
| Products | Addepar Platform Open API |
| Services |
|
| AUM | US$560 billion |
|
Number of employees
|
200 (2016) |
| Website | addepar |
Addepar, Inc. is an American investment management technology company that offers an integrated financial software platform to single and multi-family offices, wealth advisors, large financial institutions, endowments and foundations, funds and fund administrators for financial data aggregation & reconciliation, investment portfolio analysis, and client reporting needs.
In 2003, Joe Lonsdale began working at Peter Thiel's hedge fund Clarium Capital Management after graduating from Stanford University. At Clarium Capital Management, Joe Lonsdale consulted on Thiel's early Facebook investment and across Clarium Capital Management's investment holdings. At Clarium Capital Management, Joe Lonsdale observed that companies in the investment industry relied upon Microsoft Excel software's spreadsheets to manage and track billions of dollars in investments across asset classes.
In 2004, Joe Lonsdale left Clarium Capital Management.
In 2004, Joe Lonsdale co-founded Palantir Technologies, a company that builds software to enable the unification of datasets so that for example intelligence agencies analysts' can run queries for surveillance and monitoring ends and financial institutions can identify fraud. In 2009, Lonsdale transitioned to an adviser and stopped working full-time at Palantir to launch Addepar in 2009.
The company was incorporated as Addepar, Inc. in September 2009.
RIABiz reported Addepar as shaped in Palantir Metropolis "in its data collection and focus on human-technology interactions" and with "roots" in Joe Lonsdale's experience at PayPal.
The Wall Street Journal reported that in 2009 many advisors were manually updating spreadsheets in the process of keeping tabs on their investment and range of assets.
Addepar was co-founded by Palantir co-founder Joe Lonsdale and an ex-employee of Palantir Jason Mirra in 2009 in response to Lonsdale's view that financial instruments were becoming increasing complex resulting in investment advisors and family wealth managers being at a disadvantage to larger banks.
That same unification of datasets from Palantir and respective running of queries ability is what underlies Addepar to service investment industry and manager's to track and manage assets in stocks, artwork, real estate and investments in venture capital funds.
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Wikipedia