Collaboration aligns Corient's growth goals
and focus on client excellence with Addepar's robust technology,
data foundation and scalable infrastructure
NEW
YORK, May 23, 2024 /PRNewswire/ -- Addepar, a
global technology and data company for investment professionals,
announced today that it has been selected by Corient Private Wealth
LLC ("Corient"), a leading U.S. wealth management firm serving
high- and ultra-high-net-worth clients, as its central platform for
client portfolio data aggregation and performance
reporting.
"Through this partnership, our advisors and clients will have
access to unrivaled reporting and high-quality data analysis from
Addepar's market-leading technology," said Lennie Gullan, Partner and Chief Operating
Officer at Corient. "As one of the country's largest and
fastest-growing integrated wealth management firms, we have built a
highly differentiated technology platform through significant
investments in best-in-class technologies. We believe Addepar is
well-equipped to support the complex needs of our advisors and
clients, while also being capable of innovating at the pace our
business requires."
Addepar will be the exclusive portfolio data aggregation and
performance reporting solution across Corient's extensive client
portfolio of $1601+ billion in
assets.
"We are thrilled to partner with Corient," said Peter O'Brien, Global Head of Sales and
Partnerships at Addepar. "With Addepar, Corient will be able to
create firm-wide efficiencies and streamline its tech stack and
data management, minimizing complexity while elevating both the
advisor and client experience."
"As the industry continues to consolidate, Addepar is committed
to meeting our clients where they are to transform the way
investment professionals manage important client relationships and
deliver on a full offering to create lasting value," said
Eric Poirier, Chief Executive
Officer at Addepar. "Like Corient, Addepar is committed to
delivering unrivaled client excellence, and we believe this
partnership will do just that."
The Addepar platform provides investment professionals with a
complete portfolio solution for managing and aggregating data,
performing analysis, reporting and communicating with clients in a
modern way. Addepar's APIs and vibrant partner ecosystem ensure
that each user firm can tailor every aspect of the solution to fit
their needs. Addepar's platform offers unsurpassed visibility into
a traditionally opaque investment ecosystem, delivering a bespoke,
cohesive and timely view of investment portfolios of any size.
"This partnership is a testament to the solid infrastructure the
Addepar team has built, our continued investment in R&D, and
the scalability of the Addepar platform to meet the complex needs
of the most innovative firms in the industry," said Bob Pisani, Chief Technology Officer at Addepar.
"Corient advisors will have access to robust technology harnessing
comprehensive and precise data delivered via a white-glove client
experience. This deal underscores our $100+ million annual
investment in innovation to help firms scale, showcase their unique
value and stay ahead in an increasingly competitive market."
The collaboration with Corient comes as Addepar experiences
significant momentum within the financial software market. The firm
added more than $1 trillion in the
last 6 months, and now exceeds $6
trillion of client assets managed on its platform. It now
serves more than 1,000 client firms – family offices, wealth
managers, large banks and global institutions – across more than 45
countries around the world.
About Corient
Corient Private Wealth LLC is an
integrated U.S. wealth management firm providing comprehensive
solutions to high-net-worth and ultra-high-net-worth individuals
and families. Corient combines the personal service, creativity and
objective advice of a boutique with the power of an exclusive
network of best-in-class advisors, capabilities and solutions to
create a profoundly different wealth experience. Corient focuses on
exceeding expectations, simplifying lives and establishing legacies
that last for generations. Headquartered in Miami, Corient is a subsidiary of Toronto-based CI Financial Corp. (TSX: CIX), a
global asset and wealth management company with approximately
US$350.1 billion (C$474.2 billion) in assets as at March 31, 2024. For more information about
Corient, visit its website.
About Addepar
Addepar is a global technology and data
company that helps investment professionals provide the most
informed, precise guidance for their clients. Hundreds of thousands
of users have entrusted Addepar to empower smarter investment
decisions and better advice over the last decade. With client
presence in more than 45 countries, Addepar's platform aggregates
portfolio, market and client data for over $6 trillion in assets. Addepar's open platform
integrates with more than 100 software, data and services partners
to deliver a complete solution for a wide range of firms and use
cases. Addepar embraces a global flexible workforce model with
offices in Silicon Valley, New York
City, Salt Lake City,
Chicago, London, Dublin, Edinburgh and Pune.
1 As of April 30, 2024. Assets
are inclusive of the firms Corient has acquired or in which it has
an investment. Certain assets would not be considered as regulatory
assets under management, as defined in its Form ADV.
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SOURCE Addepar
