Corient Private Wealth LLC has selected Addepar, a global technology and data company, as its central platform for client portfolio data aggregation and performance reporting. This is a major development in the fintech landscape. This strategic partnership marks a significant step forward in wealth management. The aim is to deliver unrivaled data analysis and reporting capabilities to Corient’s high- and ultra-high-net-worth clients.
This collaboration is set to revolutionize wealth management and redefine client experiences. Here’s what you need to know:
Corient’s Vision for Technological Excellence
Corient Private Wealth LLC, a leading US wealth management firm, has always been at the forefront of integrating cutting-edge technology into its operations. Serving high- and ultra-high-net-worth clients, Corient has built a highly differentiated technology platform through substantial investments in best-in-class technologies.
“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.”
With an extensive client portfolio of over $160 billion in assets, Corient aims to streamline its operations and enhance the quality of its service through this partnership. By selecting Addepar as its exclusive portfolio data aggregation and performance reporting solution, Corient underscores its commitment to leveraging top-tier technology to elevate the advisor and client experience.
Addepar: A Leader in Fintech Innovation
Addepar established itself as a leader in fintech by providing investment professionals with comprehensive tools for managing and aggregating data, performing analyses, and communicating with clients. Addepar’s platform allows people to see into the traditionally dense investment ecosystem, delivering a cohesive and timely view of investment portfolios of any size.
“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.”
Transforming Wealth Management
The relationship between Corient and Addepar is ready to transform wealth management by providing advisors with powerful technology that uses comprehensive and precise data. Bob Pisani, Chief Technology Officer at Addepar, said that the partnership is a testament to the solid infrastructure Addepar has built, its continued investment in research and development, and the scalability of its platform to meet the complex needs of innovative firms like Corient.
Addepar’s platform will serve as a vital tool for Corient advisors, allowing them to offer high-quality, data-driven insights to its clients. This is particularly important in the wealth management industry, where the ability to provide accurate, timely, and comprehensive data is crucial for making informed investment decisions and building lasting client relationships.
Meeting Client Needs with Precision
Eric Poirier, Chief Executive Officer at Addepar, highlighted that the industry is undergoing consolidation. Addepar is committed to meeting its clients where they are to transform how investment professionals manage important client relationships. This partnership aligns with Addepar’s mission to deliver unrivaled client excellence and create lasting value for clients.
By integrating Addepar’s platform, Corient can offer a seamless, efficient, and personalized wealth management experience. The platform’s APIs and vibrant partner ecosystem ensure that user firms can tailor every aspect of the program to fit their needs, providing a bespoke and cohesive view of investment portfolios. This level of customization is essential for meeting the unique demands of high- and ultra-high-net-worth clients, who require sophisticated and nuanced investment strategies.
Addepar’s Commitment to Innovation
Addepar’s commitment to innovation can be seen in its $100+ million annual investment in research and development. This substantial financial commitment ensures that Addepar remains at the cutting edge of fintech, continuously improving its platform to meet the evolving needs of clients. The firm’s significant momentum within the financial software market is reflected in its impressive growth, having added more than $1 trillion in the last six months, now exceeding $6 trillion of client assets managed on its platform.
This growth is a testament to Addepar’s robust technology and to the trust and confidence clients place in its solutions. Serving more than 1,000 client firms, including family offices, wealth managers, large banks, and global institutions across more than 45 countries, Addepar’s platform is designed to scale and adapt to the needs of the most demanding clients.
A Promising Future for Wealth Management
The strategic partnership between Corient and Addepar marks a new chapter in the wealth management industry. By leveraging Addepar’s market-leading technology, Corient can enhance its service offerings and deliver superior value to clients. This collaboration underscores the importance of integrating advanced technology into wealth management practices. Companies that do will be able to meet the complex and evolving needs of high-net-worth individuals and families.
As Addepar continues to innovate and expand its platform capabilities, the future of wealth management looks promising. Investment professionals will have access to the tools and insights they need to provide the most informed, precise guidance for their clients, ultimately driving smarter investment decisions and better financial outcomes.
The partnership between Corient and Addepar shows how strategic collaborations in the fintech space can lead to significant advancements in wealth management. With Addepar’s state-of-the-art technology and Corient’s commitment to excellence, clients can expect a wealth management experience that is both sophisticated and personalized, paving the way for a new era of financial success and innovation.