Milestone: Addepar Exceeds $2.5 Trillion in Assets Through Wealth Management Platform

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Addepar, a U.S.-based wealth management platform, announced on Thursday the assets on its platform have increased to more than $2.5 trillion, adding more than $15 billion in assets a week on average since mid-last year. The company further revealed that it had its strongest year on record in 2020 across all key metrics including client and revenue growth, user and firm engagement, and connecting its vibrant community. Addepar now serves more than 600 of the world’s top family offices, RIAs and large financial institutions across more than 25 countries.

Founded in 2009, Addepar describes itself as a wealth management platform that specializes in data aggregation, analytics, and reporting for even the most complex investment portfolios. The platform provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions.

“Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for more than $2 trillion of assets on the company’s platform.”

Addepar was previously named as a Forbes Fintech 50 for the fifth consecutive year and a 2018 Morgan Stanley Fintech Award recipient. Addepar further revealed that it now has more than $2 trillion in client assets on the platform. Addepar has sustained its pace of adding an average of $10 billion per week. Speaking about the latest milestone, Addepar CEO Eric Poirier, stated:

 “It took us 9 years to get to our first $1 trillion in assets on Addepar, and 2 years to add our second trillion – a milestone that we achieved in August of 2020. In the six months since then, we have added another $500 billion while also scaling our client footprint faster than ever. This massive acceleration underscores Addepar’s strengths in delivering a modern, cloud-based digital experience that’s available to advisors and clients alike.”

The company recently secured $117 million through its Series E funding round, which was led by WestCap Group with participation from 8VC.

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