RIABiz' 10 most-read stories of 2012: What fascinated you and why
Facebook, fallout from DOL's new 401(k) regs and happenings at Advizent, Addepar and Windhaven were reader catalysts
Related Moves
Addepar's chairman writes five-alarm warning about how US immigration red tape is putting foreign engineers through hell, creating a 'quiet crisis' for tech companies
Joe Lonsdale uses words like 'egregious' 'crapshoot' and 'rude' in Wall Street Journal article to explain how 'America and its economy are the butt of the joke.'
October 26, 2022 at 1:12 AM
Joe Lonsdale is prepping Lonsdale Investment Technologies for launch 13 years after founding Addepar -- with the new business model too cannibalistic for comfort, some say
The Austin, Texas, serial entrepreneur is still executive chair of, and a big stakeholder in, Addepar but may need a fresh start to manifest his hyped vision of creating high bandwidth financial flow between retail investors and vast private markets.
February 23, 2022 at 12:09 AM
Surfing a $15-billion-a-week asset growth meteor, Addepar CEO Eric Poirier hires an owner as president to achieve 'escape velocity' and keep operations from flaming out
Addepar is fast nearing $3 trillion, it says, after a 50% RIA asset spike in 2020. Now an Addepar owner through Valor Equity Partners is stepping in to safeguard or supercharge his investment depending on the point of view.
April 9, 2021 at 11:03 PM
AssetMark suddenly parts ways with president/CEO Charles Goldman; protégé Natalie Wolfsen named CEO; Michael Kim president
AssetMark chairwoman Xiaoning Jiao provided no details, faint praise for Goldman amid his unexpected departure, but was effusive over Wolfsen appointment.
February 24, 2021 at 3:31 AM
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Addepar
Portfolio Management System
Top Executive: Eric Poirier
Elmer Rich III
Great to see 401k plan stories are popular. For decades, we have been a strong advocate of advisors being involved with DC plans. Think about it:
- These are insti-individual plans and investment vehicles – they are set up under ERSIA as qualified plans but controlled by individuals.
- They demand better investment advice and support that past employer plans – both for plan sponsors and employees
- These plans contain people’s life savings so demand the best investment advice — for a lifetime
Yes, the qualified plan business is compliance heavy and complicated. But advisors can partner with local TPAs for a win-win solution.
Perhaps most important, and challenging, at retirement people need to protect their roll-overs and IRAs to fund MUCH longer periods of retirement.
Mike Byrnes
Quality articles from quite a year! – Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com
PS just tweeted it out at @ByrnesConsultin
