Addepar buys AdvisorPeak
The acquisition adds portfolio rebalancing and trading to the Addepar platform.
Addepar, a Mountain View, California-based wealth management technology platform, has acquired AdvisorPeak, a Layton, Utah-based provider of trading and rebalancing software.
Terms of the acquisition were not disclosed.
“AdvisorPeak complements Addepar’s data aggregation, analysis, reporting and client portal capabilities,” the company said in a release, noting that its open architecture permits clients to select the offerings they need.
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[More: Addepar latest funding propels its $2.17 billion valuation]
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