Delivering highly personalized services with efficiency, while
continuing to grow
Since transitioning to Addepar, Patrimonica has transformed
its approach to managing complex multi-asset, multi-currency
portfolios. The platform’s capabilities have resolved many of
the inefficiencies and constraints that previously affected
their operations, with noticeable improvements in reporting,
private investment tracking and tax processes.
One of the most immediate advantages has been the enhanced
streamlining and customization capabilities of the reporting
tools. Instead of the manual workarounds required to create
tailored reports before Addepar, Patrimonica can now quickly
adapt reporting to each client's specific needs,
regardless of portfolio complexity — including adjusted report
groupings, filters and columns.
This efficiency has allowed us to support our growth with
flat resources, which has been a significant benefit in
terms of both cost savings and operational effectiveness.
Jérémie Poirier Pratte, Vice President
The ability to consolidate data from various asset classes,
including private investments, has allowed Patrimonica to
provide clients with an immediate, accurate and comprehensive
view of their holdings.
“When it came to tracking private investments, our previous
system struggled to track key metrics like paid-in capital,
total value to paid-in capital or commitments properly, which
meant that we had to manually track these numbers, increasing
the chance of a mistake,” says Poirier Pratte. Reducing the
risk of error has been an important result for the firm, as
has the ability to cater to a multi-generational client base
by delivering immediate access to investment information via
cutting-edge technology.
Providing this level of transparency without adding headcount
has been a key operational win for Patrimonica. “We've
been able to scale our operations without needing to hire
additional staff,” says Poirier Pratte.
“This efficiency has allowed us to support our growth with
flat resources, which has been a significant benefit in terms
of both cost savings and operational effectiveness,” says
Poirier Pratte.
Addepar has also helped Patrimonica overcome the challenges it
faced managing tax reporting for diverse portfolios.
“When we first adopted Addepar, one of our big challenges was
figuring out how to calculate the cost basis for certain
positions,” Poirier Pratte explains. “Addepar’s team worked
closely with us to create a new transaction type for cost
basis adjustments, which allowed us to track these changes
more precisely and audit them more easily.” This collaborative
solution has enabled more accurate, timely tax reporting.
The automation of manual processes, such as bulk data updates,
has further reduced the operational burden, freeing up
valuable time and resources. Poirier Pratte explains, “For
instance, we can now efficiently update large data sets, such
as attributes or transactions related to private investments,
by using import files. This has saved us hours of work, as we
no longer have to make corrections one by one. We’ve also been
able to establish more data feeds with financial institutions,
significantly reducing manual data input and minimizing the
potential for errors.”
By addressing the core challenges of complexity in multi-asset
portfolios, inefficient reporting and manual tax processes,
Addepar has empowered Patrimonica to deliver a faster, highly
customized service. The firm is now better positioned to meet
the evolving needs of clients while operating with greater
efficiency and precision.
"In today’s financial landscape, having a platform like
Addepar is essential. It’s enabled us to scale efficiently,
improve accuracy and deliver a more personalized service to
our clients. These are critical factors that help us stand out
in a competitive industry."
