Private Wealth Systems vs Addepar Comparison

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Private Wealth Systems

Private Wealth Systems

Category
Consolidated Reporting

USA-based Private Wealth Systems provides the digital infrastructure that powers modern family offices across the world. The platform is able to support even the most complex nested ownership structure through its capturing, correcting, calculating and presenting of actionable information across asset classes and currencies.

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addepar

Addepar

Category
Consolidated Reporting

Based in the USA, Addepar is a wealth management platform that infuses complex financial information with transparency. By connecting data, technology and people, it facilitates informed decisions through actionable insights and tailored reporting allows multi-generational family offices to achieve their objectives.

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Company
Employees

  • 11-50
Revenue

  • $4 million
Founded

  • 2014
Ownership

  • Owned by management
  • Clients are also owners
Incorporated

  • United States of America
Locations

  • Charlotte
  • New York
  • Salt Lake City
Top 5 Markets

  • Switzerland
  • United States of America
  • United Kingdom
  • Saudi Arabia
  • Australia
Total AUM

  • $200 billion
Avg. AUM per client

  • $223 million

  • 500+

-


  • 2009

  • Owned by management
  • External investors (neither clients nor staff)

  • United States of America

  • New York
  • Salt Lake City
  • Mountain View
  • Edinburgh

  • United States of America
  • Canada
  • Switzerland
  • Brazil
  • United Kingdom

  • $3 trillion

-

Client
Focus

  • Single-family offices
Serves also

  • Multi-family offices
  • Banks
  • Individual wealth owners
  • Fund managers
Number

  • 650+ UHNWIs and family offices

  • Single-family offices

  • Multi-family offices
  • Individual wealth owners
  • Independent financial advisors
  • Registered investment advisors
  • Banks

  • 600
Product
Main tasks

  • Accounting
  • Consolidated reporting
  • Portfolio management
  • Data aggregation
  • Risk management
  • Impact/ESG reporting
Top features

  • Data aggregation – our direct bank feeds captures 3x more data than other providers.
  • Data validation – we perform daily reconciliation and correct bank data errors.
  • Performance calculation – in side by side comparisons with other systems we have proven double-digit accuracy in performance and analytics.
  • Custom reporting – our award winning data model empowers each user to personalize their data any way they want.
  • Digital portal – wealth owners can customize their own mobile dashboards to have total power over their wealth.
Assets supported

  • Private equity
  • Bankable assets
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewellery)
Compliance

  • GDPR
Whitelabel

  • Yes

  • Data aggregation
  • Portfolio management
  • Consolidated reporting

  • Data aggregation & management
  • Portfolio analysis
  • Consolidated reporting
  • Governance
  • Client portal

  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectables (luxury cars, boats, high-value jewelry)

  • FinSA/FinIA

  • No
Technology
Type Of Software

  • SaaS
  • Serviced software
Security

  • Multi factor authentication
  • Application scanning
  • Network scanning
  • Encryption at-rest and in-transit
  • Data leakage prevention (DLP)
  • User level access controls
  • Annual audits by global banks
Ecosystem

  • Microsoft
Integrations

  • API that can connect with any third party system including CRM, bill pay
Mobile App

  • No

  • SaaS

  • Hosted on AWS
  • 2-factor authentication & single-sign-on (SSO)
  • Encrypted data in transit and at rest
  • SOC 2 Type 2 Certification

  • Java

  • CRM: Salesforce, Practifi, Salentica
  • Trading & rebalancing: RedBlack, Blaze
  • ALTs data management: PCR, Canoe, Strata
  • Financial planning: eMoney, MoneyGuide Pro, Libretto
  • Risk management: RCI, Hidden Levers, Jacobi
  • General ledger: QuickBooks, Sage
  • Custodial portals: Fidelity, Schwab, Pershing
  • UMA/SMA: Adhesion
  • Custom integrations: Addepar API Toolkit

  • Yes (iOS)
Simple solutions for complex times.