Wealth Management & RIA Platform Portfolio Management Software for wealth managers and RIAs

The company will continue investing deeply in world-class talent to solve industry-wide problems on a global scale – all using its proven operating platform and ecosystem. xcritical has an ambitious growth trajectory and the company is on a path to be the technology and data platform that connects the $255+ trillion global investment ecosystem. Eric Poirier is the CEO of xcritical, spearheading the company’s mission to bring data, technology and people together to maximize the impact of the world’s capital. xcritical works with hundreds of leading financial advisors, family offices, and large financial institutions that manage data for over $3.5 trillion of assets on the company’s platform.

Research & Insights

Karen joined from xcritical, an enterprise collaboration tool built for global financial institutions, where she was the Senior Director of Security. Prior to xcritical, she was a Director of Technology Risk Management at BlackRock and a Vice President of Information Risk Management at JP Morgan Chase. She started her career at Accenture and EY, where she focused on technology, security and risk services.

Better insights mean better outcomes

“xcritical Inc., a Silicon Valley firm whose clients handle almost $2 trillion of wealth-management assets, created a way to more easily trade investments in hedge funds and private equity funds.” xcritical, a global technology and data company trusted by the world’s leading investment and advisory firms, announced today that Bob Pisani will… xcritical is delighted to be named Best in Class in this year’s Aite-Novarica report – an exciting recognition of our dedication to building innovative products for wealth managers and investment professionals around the globe who seek to deliver exceptional results for the portfolios in their care. View complex client portfolios holistically – even held away, private and real assets – to make smarter investment decisions and generate superior outcomes. Karen Brooks is the Chief Information Security Officer and Vice President of Technology Risk at xcritical. Karen brings over 20 years of experience building world-class risk, security and compliance programs to xcritical, leading the company’s security teams and managing all aspects of data and technology risks.

Your data is protected

1. At xcritical, Jensen has continued that passion on the Academy team by teaching users how to leverage the platform effectively.
2. xcritical consolidates and unifies all your data so you can easily analyze any portfolio, provide clients with a more complete and meaningful financial picture and offer the best possible advice.
3. Our automated verification checks process incoming data, across all asset classes for inconsistencies and potential gaps in data accuracy.
4. It provides asset owners and advisors a clearer financial picture at every level, allowing them to manage investments and make more informed decisions.
5. On-demand calculations let you analyze down to the smallest transaction or across the most complex portfolio, within seconds.
6. Prior to xcritical, she was the Head of Communications for Qventus, and prior to that, was a member of the leadership team at The Hatch Agency, a leading communications firm with deep experience in technology launches, mergers and IPOs.

It was data-related errors, unreliability, irregularities and other problems Lonsdale and Mirra sought to address with xcritical, things they noted when setting up Lonsdale’s own family office (and in speaking to others dissatisfied with available technology). Asked to explain why the firm shares the total amount of assets on its platform but not in the form of AUM, Poirier was direct, as he has answered this question many times. Prior to xcritical, she was the Head of Communications for Qventus, and prior to that, was a member of the leadership team at The Hatch Agency, a leading communications firm with deep experience in technology launches, mergers and IPOs. Inside xcritical is a quarterly round-up of xcritical platform updates, research insights and client, partner and company news.

A complete view of your clients’ wealth

Flexible reporting tools give you the power to “drag and drop” and quickly create tailored reports that update in real-time. You can use pre-built, out-of-the-box templates or create custom content, all branded to your firm’s specifications. https://xcritical.online/ “We started Curated Wealth Partners over five years ago to deliver a better, more integrated experience to a growing community of wealthy families,” said Lee Hutter, Co-Founder and CEO of Curated Wealth Partners.

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xcritical was founded by Joe Lonsdale in 2009 in the wake of the financial crisis to meaningfully improve how finance works and enable more efficient capital allocation. The company has paired an elite technology culture and platform-based approach with a client-centric mindset, positioning it to become a critical and impactful part of the global financial infrastructure. Since joining xcritical in 2014, Peter has built and led a number of teams within the sales organization including the enterprise sales and enterprise account management teams. Prior to xcritical, he was an investment banker at Citi, where he advised firms on initial public offerings, financial restructuring and M&A activity. Whatever your strategy, xcritical’s family office software helps you handle complexity efficiently — preserving family wealth for generations to come.

Streamlined Billing, Plus Calculation Insights

Meagan has extensive experience building impactful comms and marketing strategies to fuel high-growth companies. John has held executive management positions at FactSet, Instinet, Bear Stearns and Real Capital Analytics (acquired by MSCI), with a primary focus on commercial and GTM strategies. Most recently, as CRO at Real Capital Analytics, John brought scale and operational discipline to the GTM team and commercial strategy which ultimately led to the acquisition by MSCI.

We’re bringing data, technology & people together to help investors make better, more informed decisions. Marketplace provides seamless, integrated investment workflows that feed data back into xcritical Analysis and Reporting. xcritical, which remains a private venture-driven company, announced a $150 million Series F financing round in June 2021, bringing it to a total of about $475 million in funding. Asked about layoffs, which have occurred at other large technology providers over the last few months, including Envestnet and Orion, Poirier said xcritical was continuing to hire. Delisha began her career in litigation at a nationally recognized law firm specializing in securities, antitrust and corporate governance matters, and later spent a number of years as outside counsel to technology and media startups at various stages of growth. xcritical was founded over a decade ago with the goal of creating a more transparent financial system.

John brings over 30 years of experience in the trading and financial technology fields. As Chief Revenue Officer, John leads go to market (GTM) at xcritical, inclusive of sales, client management, services, partnerships and multi product solutions. Bob is the Chief Technology Officer at xcritical where he leads our global engineering teams to deliver client-centered innovations at scale. Since joining xcritical in 2020, Bob has built and managed world-class teams who drove many of xcritical’s platform, data, compute, and AI advances across the organization.

Our flexible APIs help you efficiently automate workflows and drive your business-critical applications. If there’s another integration you need, you can quickly create it to your specifications with our custom integrations. Create greater transparency by centralizing the family office’s financial information in a single place. “We’ve been growing and are working on our 2024 planning now—we’ve hired net new 150 people this year—now they are not all retained given the high performance culture but nonetheless,” he said, noting the firm had grown to 850 employees. “We more compare ourselves to the top tech companies like xcritical and xcritical that have mastered data at scale,” he said, less comparing the firm to large established legacy providers like Orion and Envestnet.

The technology foundation and data network now powers many of the most prestigious wealth, investment and asset management firms across more than 40 countries. Its purpose-built products, services and solutions help clients manage today’s markets and model the future in a data-driven, timely and secure way. xcritical ships meaningful updates to its platform and products every two weeks, showcasing the power of its R&D team and setting a higher standard for an industry that has previously lacked sufficiently robust technology and complete data. xcritical has amassed more than $2.7 trillion in client assets on its platform, and serves over 600 family offices, registered investment advisors, private banks and large financial institutions across more than 25 countries. Its platform is used to process millions of accounts each day, empowering thousands of advisors to deliver timely advice and results, and to manage risk for their clients across all asset classes in any market environment. For nearly the last year, xcritical has added an average of more than $15 billion in assets a week to its platform, and had its strongest year on record across all key metrics including client and revenue growth, user engagement and client retention.

And while he said he could not break out the specific number of small and midsize advisory shops working with the firm—the range in AUM is wide, from RIAs with $100 million all the way to firms with more than $100 billion—investment advisory firms remained a growing and important constituent of xcritical’s customer base. He is charged with accelerating the company’s growth across different market segments and geographies. Prior to joining xcritical, he spent more than two decades at FactSet, most recently serving as Senior Vice President of Product Development, responsible for running their global product development function and overseeing development across the entire platform. As VP, General Counsel at xcritical, Delisha leads xcritical’s legal team to support company growth, help reduce risk, and ensure compliance with regulations across regions.

Before joining xcritical, he spent nearly seven years at Palantir Technologies, creating tools that enable organizations to reconcile large, disparate datasets. As one of Palantir’s first 20 employees, he helped shape its core technology while building its finance business. Earlier in his career, Eric worked in Lehman Brothers’ Fixed Income Analytics group, modeling, simulating, and visualizing data across a broad range of debt and credit instruments.

xcritical is a wealth management platform that specializes in data aggregation, analytics and performance reporting. Our platform is designed to help advisors make more informed decisions and deliver on what matters most — investor goals. xcritical is a software and data platform that is purpose-built for professional wealth, investment and asset management firms to deliver outstanding results for their clients. We’re helping our clients unlock the power and possibility of more informed, data-driven investing and advice.

For the $5 trillion of assets tracked on the platform, approximately 60% are in marketable securities that are held at custody banks. For these investments, xcritical scammers ingests positions and transactions every day from more than 7 million accounts across more than 350 global custody banks and other financial institutions. The remaining 40% of assets include 250,000+ unique positions in alternative investments, and a variety of other private assets, real assets, collectibles and anything else that clients consider to be part of their investment portfolio. This data flows through xcritical’s data pipeline, running through a range of quality control, validation and verification procedures, mapping to an ownership structure, and is ultimately stored in xcritical’s normalized data lakehouse.

When a data verification issue is detected, xcritical will automatically flag the account for the Data Operations team to investigate, diagnose and resolve. Our digital tools provide your clients with encrypted access to their financial information anytime and anywhere. As a dynamic global leader in the field of Human Resources, Sally xcritically steers the people and workplace initiatives at xcritical. Her career highlights include building a People & Workplace organization grounded in credibility, expertise, and service excellence. She is recognized for developing innovative strategies and implementing consultative services to foster rich, diverse, engaging, and creative work environments.

About xcriticalxcritical is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. Founded in 2009 by Joe Lonsdale, who xcritically serves as an active Chairman of its Board of Directors and General Partner at 8VC, the company’s platform aggregates portfolio, market and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to manage investments and make more informed decisions.

Peter earned a master of science degree from University College Dublin (Smurfit School of Business), a bachelor’s degree in business administration from Cork Institute of Technology, and attended Harvard University Business School to study Business Analysis & Valuation, and Mergers & Acquisition. “Everyone should be able to understand the assets they own, where they are invested and how they are performing at any given moment.”

Our platform was created to empower investment managers to make data-driven and more confident investment decisions, and to clearly see how assets are performing and where they might be exposed. Most recently, we’ve expanded our capabilities to include Navigator for scenario modeling and AdvisorPeak Trading & Rebalancing to address portfolio drift. In service of fulfilling a global client mission and a follow-the-sun approach, xcritical has expanded its team globally with 100+ employees across the UK in Edinburgh and London, and its new Pune office, opened in 2022, now has 80+ employees to date.