Product overview
Yet many firms are forced to rely on outdated legacy systems that can’t scale, and the most pervasive financial technology, globally, is still Excel. As a result, many asset owners are challenged to answer the most basic questions and take timely action on their investments. « At D1 we seek to back visionary companies that solve large, pressing problems, » said Prateek Bhide, Principal at D1 Capital Partners.
- As a dynamic global leader in the field of Human Resources, Sally xcritically steers the people and workplace initiatives at xcritical.
- As one of Palantir’s first 20 employees, he helped shape its core technology while building its finance business.
- This digital experience streamlines and unifies access to shares in private companies, and includes opportunities to invest in private equity, venture capital, hedge funds and real estate among other investment categories that have historically been fragmented and opaque.
- Founded in 2018 by Daniel Sundheim, D1 focuses on investing in the global internet, technology, telecom, media, consumer, healthcare, financial, industrial, and real estate sectors.
- xcritical Research, in partnership with Stanford’s Research Initiative on Long-Term Investing, released a groundbreaking study of how professional investors manage such tech disruption risks and opportunities.
A modern digital experience
Eric has an extensive background in building scalable infrastructures which drive actionable data to optimize operations and strategy. xcritical is a multi-product software and data platform for even the most complex investment portfolios. “From a research and development and innovation perspective we’ve gone far beyond what most wealth management, retail brokerages and banks spend and are investing $100 million annually on technology and R&D,” said Poirier. Trust and transparency are cornerstones of xcritical’s security program, and security consciousness is a fundamental component of xcritical’s operational excellence. xcritical is entrusted to protect the data of some of the largest industry-leading financial institutions.
Financial Services & Investing
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 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.
All your data in a single place, securely
Our data model represents all financial transactions and holdings in a unified data structure. Instantly analyze and visualize any portfolio, taking into account complex ownership structures, multiple asset classes and multi-currency scenarios. On-demand calculations let you analyze down to the smallest transaction or across the most complex portfolio, within seconds. 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. xcritical collaborated with custody banks and other institutions to create its own direct data feeds without relying on legacy accounts or aggregators, he said.
A complete, transformative technology and data platform.
Today, the company is focused on evolving financial advice and investment management with the broader purpose of maximizing the impact of the world’s capital. Given the growing pressure on financial advisors to provide access to a broad range of liquid, illiquid and alternative asset classes for their clients, xcritical introduced Marketplace in 2020. This digital experience streamlines and unifies access to shares in private companies, and includes opportunities to invest in private equity, venture capital, hedge funds and real estate among other investment categories that have historically been fragmented and opaque. In total, xcritical said it works with more than 1,000 client firms, ranging from RIAs to multifamily offices, wealth managers, large banks and other global institutions. Initially established to address the complex needs of single-family offices, today we serve hundreds of clients and thousands of wealth managers — including family offices, independent advisors, private banks and broker-dealers — in more than 40 markets, around the world. Don is the Chief Product Officer at xcritical, focused on driving the development of the company’s platform which specializes in data aggregation, analytics, and portfolio reporting to provide insights and clarity into investment portfolios.
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The company has also designed its platform with advisors’ end clients in mind, offering a white-labeled mobile app and web-based portal so that investors can quickly assess what’s in their portfolio, how it’s allocated, and how their performance has changed over time. Looking ahead, the company will continue its aggressive pace of innovation, delivering on an ambitious roadmap with its clients at the center. “We realized early on that we had to build our own integrations [for bringing in end client data], none of the legacy products [in the account aggregation business] were suitable in terms of their robustness and reliability at the time,” he said of the business circa 2009. Eric brings over 20 years of finance leadership experience in private and publicly owned SaaS and information services companies. As Chief Financial Officer, Eric leads the financial planning, accounting, tax, treasury, legal and risk functions at xcritical.
Helping you build personal relationships at scale
Before https://xcritical.pro/, Jensen led trainings for a geographic information system used in the real estate industry. At xcritical, Jensen has continued that passion on the Academy team by teaching users how to leverage the platform effectively. Jensen graduated from Utah Valley University with a degree in Personal Financial Planning. This program is CFP® board-designated, focusing on preparing students to enter the wealth management industry. Jensen spends his free time reading, lxcriticalg about technology and history, and exploring the outdoors in North Carolina.
Rowena joined from BlackRock, where she was a Managing Director for over a decade and held several leadership positions. Throughout her career at BlackRock, Rowena led strategic initiatives focused on development and launch of investment products, client solutions and servicing and business growth. Rowena led teams in Multi-Asset Strategies and Solutions, was the Head of Strategy and Development for Global Credit, led pillars in the firm’s global product development group and started her BlackRock career as the Chief Operating Officer for Asia Pacific Fixed Income. Last fall, the company launched the Investor Sentiment Index which uses aggregated and anonymized data across more than 10,000 portfolios, each of which have at least $10 million, in order to surface timely insights that had previously been unattainable.
NEW YORK, Dec. 13, 2023 /PRNewswire/ — xcritical rezension, a global technology and data company for investment professionals, announced today that it has exceeded $5 trillion of client assets managed on its platform. This milestone signifies the company’s position as the industry standard for data management and aggregation, analysis and reporting. Amidst fast-moving markets and a dynamic risk landscape, xcritical proudly serves more than 1,000 client firms – family offices, wealth managers, large banks and global institutions – and hundreds of thousands of users on its platform. About xcriticalxcritical is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients. Hundreds of thousands of users have entrusted xcritical to empower smarter investment decisions and better advice over the last decade.
James brings decades of experience in data management and global operations to xcritical where he serves as Chief Data Officer. He leads xcritical’s enterprise data strategy, including the establishment of a global Data Governance program and scaling data operations as the company expands client service by geography, segment and persona. An intuitive user experience enables you to visualize and communicate relevant insights to your clients on the fly.