Addepar - With a Brand-New Chief Technology Officer Taking the Helm, What Shifts in the Tech Stack will Addepar Follow?
Overview
Long-time BlackRock executive, Ruchir Swarup, has joined Addepar as the new CTO, filling the 6-year vacant position. How have Addepar’s strategic plans changed given this significant change to the organization? Will these changes coincide with the family offices using or targeting Addepar as a possible solution?
Insights and Key Takeaways
Addepar is a state-of-the-art wealth management platform that specializes in data aggregation and performance reporting for complex investment portfolios. Addepar helps over 400 clients, 40% of whom are family offices, gain global insights across asset class exposures. The Addepar platform has grown exponentially in the past few years with nearly $2 trillion managed on the platform today.
Over 200 family offices have chosen Addepar, and so far this year 25% of new business has come through referrals from existing clients. This is a huge testament to their client experience. Addepar’s new Chief Technology Officer, Ruchir Swarup, joined Addepar in the middle of the pandemic. Swarup says Addepar listens to client needs and feedback to drive the roadmap in developing their platform. In fact, Addepar just launched a collaborative element to the platform, to amplify the client voice and share ideas.