Corient Private Wealth, a US wealth management firm catering to high- and ultra-high-net-worth clients, has chosen Addepar, a global technology and data company for investment professionals, as its vital platform for grouping client portfolio data and reporting performance.
With a client portfolio worth more than $1601bn, Addepar will be the sole solution for portfolio data aggregation and performance reporting for Corient.
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Addepar provides investment professionals with an integrated portfolio solution for data administration, analysis, reporting, and client communication, as well as APIs and a partner ecosystem for customised offerings, giving them unique visibility into the investment ecosystem.
The partnership with Corient is being formed at a time when Addepar is seeing potential in the financial software industry.
Moreover, the company has managed over $6trn in customer assets on its platform, adding over than $1trn in the last six months.
It currently provides services to over 1,000 client organisations in more than 45 countries worldwide, including family offices, wealth managers, big banks, and international institutions.
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By GlobalDataLennie Gullan, partner, and chief operating officer at Corient stated: “Through this partnership, our advisers and clients will have access to unrivaled reporting and high-quality data analysis from Addepar’s market-leading technology. 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 advisers and clients, while also being capable of innovating at the pace our business requires.”
Eric Poirier, chief executive officer at Addepar added: “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. Like Corient, Addepar is committed to delivering unrivaled client excellence, and we believe this partnership will do just that.”
