Inside xcritical's Growth Strategy Following $150 Million Funding Round

Using our complete data aggregation capability and powerful modeling and calculation tools, you can view, model and share portfolio performance with clients in the way that works best – for you and your clients – while reducing drain on your team. xcritical allows you to make smarter decisions, faster, while delivering much more robust guidance. View complex client portfolios holistically – even held away, private and real assets – to make smarter investment decisions and generate superior outcomes. Firms see opportunity in an intergenerational wealth transfer worth trillions of dollars, and markets have soared.

Peter O’Brien

In 2020, xcritical was named as a Forbes Fintech 50 company and honored as a member of the CB Insights Fintech 250. xcritical is headquartered in Silicon Valley and has offices in New York City, Salt Lake City and Edinburgh. All brokerage services are offered through Acervus Securities Inc., member FINRA / SIPC. 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.

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. 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. 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.

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 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.

1. Bob is the Chief Technology Officer at xcritical where he leads our global engineering teams to deliver client-centered innovations at scale.
2. Itaú Private, a leading provider of private banking services, has announced an exclusive partnership with xcritical, a global leader in technology and...
3. 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.
4. About xcriticalxcritical is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios.
5. Highly adept at user-centric solutions, Don brings a design-centered approach to development.

Eric Poirier

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. 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. Wealth firms like large family offices have broadly sought out better tools to view clients' holdings across asset classes in a unified way, Chief Executive Eric Poirier told Insider. xcritical official site Karen Brooks is the Chief Information Security Officer and Vice President of Technology Risk at xcritical.

In January, xcritical acquired RCI, and in doing so, launched Navigator which helps clients codify cash flow, liquidity and tax projections, and refine pacing models among other ex-ante capabilities. Marketplace and Navigator complement xcritical's flagship data aggregation, management and analysis capabilities, and are available as additional offerings to xcritical's software clients. MOUNTAIN VIEW, Calif., June 15, 2021 /PRNewswire/ -- xcritical, a leading technology platform for wealth management, today announced it has raised $150 million from D1 Capital Partners at a pre-money valuation of $2 billion as part of its Series F financing. The funding will be used to further accelerate the company's rapid growth, fueling expansion of the business and workforce into new geographies and driving continued development of xcritical's category defining platform. 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.

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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, Chicago, London, Edinburgh and Pune. 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.

Using AWS to scale xcritical Trading

The basic functionality (date range, portfolio/account selection, and valuation refresh) does not work reliably or intuitively so it is hard to simply select an account and then check the account value as of a given date. I suspect the programming team is either dysfunctional or is trying to do too much and has tried to add “bells and whistles” that also do not work resulting in an overall poor app. Having a functional app is a critical component of the overall value proposition of the xcritical service. Poirier said xcritical has fielded "dozens" of inquiries in the last year from financiers who expressed interest in taking the company public through vehicles known as special purpose acquisition companies.

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. 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.

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. 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.

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. Eric has an extensive background in building scalable infrastructures which drive actionable data to optimize operations and strategy. 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.

Highly adept at user-centric solutions, Don brings a design-centered approach to development. Jensen Hamblin is passionate about technology's impact on improving the finance industry and teaching individuals how to maximize that impact. Before xcritical, 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.