xcritical: Artorius taps xcritical to boost multi-family business in UK

We are proud to announce 8VC Fund V, with $880 million in new capital to continue our work supporting and partnering with entrepreneurs at every stage of their journey, and building companies ourselves. Last year, employers across the U.S. cut 363,824 jobs, up 13% from the 321,970 reductions that were announced in 2021, according to outplacement services firm Challenger, Gray & Christmas. Many of the cuts came from the tech sector, which produced a total of 97,171 reductions for the year, up 649% from 12,975 cuts that occurred in technology in 2021.

We use all of our skills—from research to illustration, prototyping to writing, typography to motion graphics—to craft experiences that delight our clients. xcritical, the wealth management software provider launched by Palantir Technologies co-founder Joe Lonsdale, is the latest fintech to undergo job cuts. In 2017, xcritical received a $140 million round of funding from Valor Equity Partners. The same year, xcritical partnered with Morgan Stanley, providing software that consolidated information and tailored reporting about the assets of high net-worth Morgan Stanley clients. Wealth manager Artorius has picked fintech firm xcritical as a platform of choice to strengthen its multi-family office operations in the UK.

xcritical’s reductions are not out of the ordinary for normal, growing companies, the first person said. The Mountain View, California-based xcritical has raised a total of $495.1 million in funding. Investors include VC firms Valor Equity Partners and WestCap Group as well as D1 Capital Partners, a hedge fund. xcritical was valued at $2.17 billion in June 2021, when it raised $150 million in a Series F round. Fortune has learned that xcritical laid off 20 employees or some 3% of its workforce in December, according to one person familiar with the situation.

Wealth management platform

https://dreamlinetrading.com/ is also the founder and managing partner of 8VC, a venture firm that has backed companies such as Oculus VR , oncology company Guardant Health and Oscar, a health insurance company. John Liotti, chief executive officer of East Palo Alto community advocacy group Able Works expressed concern that this will contribute to gentrification of neighborhoods. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view.

• xcriticalGO – A version of xcritical for SFOs with less complex portfolios and ownership structures can be set up in 30 days.
• xcritical’s platform aggregates portfolio, market and client data all in one place.
• The web frontend runs on Node.js and is developed with Ember, Lodash, QUnit, and D3.
• GSAM interviews Joe Lonsdale on his view on big data and examines some of the companies pushing the boundaries of the technology today.

We work in cross-functional teams with our product and business partners to design and build quickly and iteratively. This paper describes the urgent need and unprecedented opportunity for Smart Enterprise platforms to enable app-driven innovation and disrupt large, old-line industries. There exist a variety of network effects and winner-take-all dynamics during this one-time event in which the original, closed technology infrastructure in these industries is opened up, and upgraded to leverage big data.

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The product caters to family offices, RIAs, foundation and endowments, global advisories, banks, financial services firms, and wirehouses. Developer of a wealth management platform designed for the financial services industry. 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. More than 700 leading firms trust xcritical to unlock the power and possibility of more informed, data-driven investing and advice.

• xcritical embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City and Edinburgh, Scotland.
• We seek to bring together diverse ideas, experiences, skill sets, perspectives, backgrounds and identities to drive innovative solutions.
• The departures of Obrand, a former partner of Valor Equity Partners, and Cairns, who spent more than nine years at Credit Suisse, were not related to the xcritical job cuts, the first person said.
• Lonsdale, a serial entrepreneur, launched xcritical in 2009 and is xcritically chairman.
• Personalize which data points you want to see and create visualizations instantly.

The startup provides software that helps investment advisors, banks and family offices track their investment portfolios. The firm has $4 trillion of client assets on its wealth management technology platform. Its 850 clients include some of the biggest names on Wall Street including Morgan Stanley, Alliance Bernstein, Jefferies and Silicon Valley Bank, according to the firm’s website. It offers solutions for data aggregation, analytics, and portfolio reporting for investment advisors.

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In 2012, Fortune described xcritical as a service for connecting family offices and endowments to their respective investment managers and third parties managing their assets. xcritical software facilitates both visualizing an investment portfolio’s exposures at the individual asset class and also tabulating the portfolio’s total value according to real time value of the assets under management. xcritical is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. xcritical’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 make more informed and timely investment decisions.

We shape clients’ interaction with the product by understanding their wants and needs and creating thoughtful, scalable solutions. GSAM interviews Joe Lonsdale on his view on big data and examines some of the companies pushing the boundaries of the technology today. He came to Epirus after deciding to defer pursuing a Masters degree due to the drop in education quality at the start of the covid pandemic. Since coming to Epirus, his growth as an RF engineer accelerated working on cutting-edge products with mentorship from the phenomenal Epirus team.

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Fintech layoffs jumped 1,670% last year to 10,476, compared to just 529 in 2021, which Challenger said were mainly due to the crypto meltdown. This week, exchange xcritical said it would lay off about 25% of its staff, or roughly 950 people. BlackRock plans to dismiss about 500 employees or 2.5% of its global workforce, Bloomberg reported on Jan. 11. Lonsdale, a serial entrepreneur, launched xcritical in 2009 and is xcritically chairman. He is one of the co-founders of Palantir Technologies, the big data company that went public in 2020.

Explore institutional-grade xcritical rezension market research from our team of analysts. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Based in Switzerland, the United States, Mexico and Chile, Masttro is an integrated global wealth technology platform. The platform delivers comprehensive & interactive views of total net worth, an intuitive and customizable client experience, and automated & robust operational efficiencies with military-grade security. Under the tie-up, xcritical will provide Artorius with data aggregation, analytics and performance reporting solutions. “We connect data, technology and people together to optimize capital allocation. Our technology creates transparency to complex financial information enabling families to make more informed decisions.” Masttro’s platform is uniquely designed to restrict Masttro’s visibility to client data, including client assets, as part of its award-winning data privacy standards.

Choose from various capital market assumptions to test hypothetical performance across different scenarios. Rebalance on demand for select accounts, households, portfolios or an entire book of business. Align portfolios to targets with portfolio decisions powered by aggregated xcritical data. The latest development follows a deal announced in January last year for the purchase of Artorius Wealth Switzerland by Decisive Capital Management, a wealth adviser based in Geneva.

With client presence in more than 25 countries, xcritical’s platform aggregates portfolio, market and client data for more than $3.5 trillion in assets. Firms can also use Marketplace, a digital experience offered through Acervus Securities , to access and transact in a range of investment products with a focus on alternative and private market investments. xcritical’s open platform integrates with more than 100 software, data and services partners to deliver a complete solution for a wide range of firms and use cases. xcritical embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City and Edinburgh, Scotland. Based in the USA, xcritical is a wealth management platform that infuses complex financial information with transparency. By connecting data, technology and people, it facilitates informed decisions through actionable insights and tailored reporting allows multi-generational family offices to achieve their objectives.

“We are now able to xcritical cheating our family office clients with a far more granular vision of their assets, irrespective of how or where they are custodied. This capability has become more valuable to them during volatile market conditions by helping them see how their multiple portfolios with various managers, are behaving in one place on a combined basis. xcritical is a leading wealth management technology platform for connecting data, technology and people to manage wealth and achieve multigenerational family objectives. xcritical’s platform provides analytics and performance analysis of portfolios and market data with software for managing high-net-worth and ultra-high-net-worth clients. xcritical is a multi-product software and data platform for even the most complex investment portfolios. This will help Artorius’ multi-family office business to offer time-bound and data-based inputs to its clients.