Powder

Today, we announce our API integration with Addepar! The best way to win a new client is to treat them like one.?One major way to accomplish that is to show their REAL data in Addepar. Step 1: Setup your API key under "Settings -> Integrations" Step 2: Pick a portfolio and tap the "sync" button under "Addepar Integration" in the right tray. Additionally, please note that: - Powder will not duplicate securities if they already exist in Addepar. - Powder will sync both public and private assets. - Powder will sync entities as well. Best, Powder Team PS - Contact us to enable the integration in your environment

We’re excited to welcome TK Taeho Kim as our new Principal Founding Engineer! ?? TK previously built RCI with Kanishk Parashar and Soo-Yung Cho, which was later acquired by Addepar. We’re thrilled to be reuniting with him as we build something extraordinary together again. With his expertise and a proven track record in the wealthtech space, TK is a perfect fit for our engineering team. We’re looking forward to the incredible impact he’ll have on our journey ahead. Welcome aboard, TK!

Hi Powder Community, The firms that use Powder have been beating down the door asking us to officially support private assets.?Therefore, today we launch support for commitment based assets such as PE/VC.?If your brokerage documents have PE/VC assets co-mingled with public equity and bonds, we'll automatically parse and display.?Usecase by usecase, we are getting rid of manual work and one day we'll make your firm twice as efficient as today!?Please note that you have to email us to turn on this feature. If you are a firm that can benefit from this feature, please feel free to setup a demo from our site. Thank you, Powder Team

Powder is honored to be named in the CBInsights Top 100 fintech startups for 2024! Our journey is just getting started and there's is a lot more cooking on our roadmap to fundamentally transform the industry. #Fintech100 A special congrats to all the startups being recognized including our good friends at Arch and Wealth.com!

"Plaid" for unstructured data? If thats how you describe your company, its the 2010s again! Getting unstructured data such from pdfs, scans, and even conversations into a usable format has been a significant challenge for advisors. Today, humans have to painstakingly sort through all this info piece by piece. These tasks are not only mind numbing, but also costly for an wealth management firm because those humans sometimes earn six-digit salaries! ?? This is where a new opportunity exists for companies like Powder to leverage LLMs to automate away these tasks. The phrase "Plaid" for unstructured data has been thrown around recently. In our demo calls, when an advisor/analysts witnesses what humdrum Powder can automate away from their lives, the excitement is bursting through the screen!

Risk Questionnaire Reimagined with AI We reimagined how you can conduct a risk assessment data to enhance proposals.?No more silly questionnaires of yesteryear.?Instead you can let Powder join a zoom call or dictate after a meeting or even upload hand written notes.?Powder will extract answers to create a mind-map and even sync to your CRM.?Jordan, our AI marketing manager, demonstrates how to leverage Powder to stand out and build a culture that drives incredible efficiencies at your firm. ????

Powder users have generated proposals for over $20 billion in assets—and the numbers keep rising. The sheer volume of assets in motion is staggering. ?? The first billion took 3 months. The next $19B took 6 months!! ?? If you're not optimizing the most critical part of your sales process, you're leaving profits on the table. We are happy to help you grow faster! Book a demo here at https://lnkd.in/gDEfkkDh

Dear Powder Community, At Powder, we’re committed to giving financial advisors the edge they need to succeed. Our latest?Portfolio Overview?feature delivers instant, actionable insights to help advisors win over prospective clients with confidence and precision.?This powerful tool automatically identifies the?problematic and insightful areas?of a portfolio: Cash?- broken down by its account types with customizable alert if over allocated. Estimate Yields?- broken down by asset class Gains?- broken down by taxability Illiquidity?- measured and flagged Concentration Risk?- broken down by top holdings with customizable alert if over allocated. Expense Ratios?- broken down by highest percentage with customizable alert for worst culprits. No more guesswork. No more tedious calculations. With this cutting-edge feature, advisors can impress prospects with deep and clear insights.?As an FA, you can present the slide either on the Powder website or download a beautiful branded pdf deck for in-person meetings. -Powder Team

Still recovering the day after Future Proof, and I can barely find my voice. This conference was truly on another level. The interest in Powder was incredible—110 (!!) wealth management firms reached out, eager to connect! Each day was packed with high-impact meetings, leaving Dominic Tully, Robin Melnick, and myself completely spent, but energized by the opportunities. ?? If you didn’t make it this year, mark your calendar for next. You won’t want to miss out! P.S. Thank you Morgan Rowe for supporting us! ??

Attention all Powder users! We are excited to announce a brand new feature that will elevate your client experience to the next level - beautiful branded Proposal Decks! We understand the importance of creating visually appealing and professional proposal decks to impress potential clients and win new business. That's why we have developed this new feature to make your proposal creation process a breeze and help your proposals stand out among the rest. All with 90% of the time saved and a consistent level of excellence. Our interface allows you to easily generate a deck with a single click.?Simply choose the "Portfolio" and "Target Portfolio" and then click "Download" in the right tray. Yours truly, Powder Team