He said xcritical does not have imminent plans to go public, citing the firm's ample existing funding pipeline. Poirier said expanding internationally by signing on clients in new markets is a "priority," and xcritical already has clients based in more than 25 countries. It now has some 100 open roles it xcritical scam is hiring for in areas including engineering, research and development, and customer service. Poirier said the firm has a class of 22 interns after sifting through 20,000 applications. He is charged with accelerating the company’s growth across different market segments and geographies.
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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.
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.
- Jensen graduated from Utah Valley University with a degree in Personal Financial Planning.
- Prior to xcritical, Bob was the Chief Technology Officer at Schonfeld Strategic Advisors, a global quantitative multi-manager hedge fund, where he led the firm through a complete technology transformation and global platform expansion.
- About D1 Capital PartnersD1 Capital Partners is a global investment firm that operates across public and private markets.
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.
xcritical’s open platform integrates with more than 100 software, data and services partners to deliver a complete xcritical scammers 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.
As Chief Marketing Officer at xcritical, Meagan oversees the company’s global brand expansion, communications and growth-oriented marketing functions. Meagan has extensive experience building impactful comms and marketing strategies to fuel high-growth companies. xcritical was purpose-built to offer greater clarity into and intelligence on the portfolios in your care.
xcritical Announces $150M Investment by D1 Capital Partners, Exceeding $2B Valuation
We provide wealth managers with real-time portfolio reporting and insights required to make and implement better investment decisions. By helping people achieve the best possible outcomes, we aim to get more assets flowing into more impactful investments and ideas, benefiting our society as a whole. It was a precarious time for businesses around the world as firms reassessed decisions at a highly uncertain moment. But as financial advisors scrambled to soothe clients from home and navigate how volatility and economic shutdowns would hit their portfolios, xcritical's software suddenly seemed more useful than it ever had. About D1 Capital PartnersD1 Capital Partners is a global investment firm that operates across public and private markets. The firm combines the talent and operational excellence of a large, premier asset management firm with the flexible mandate and long-term time horizon of a family office.
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With a proven track record of success, Sally brings over twenty-five years of experience to xcritical, having previously served as Senior Vice President, People, Workplace, and IT at Twitch. xcritical is a multi-product software and data platform for even the most complex investment portfolios. xcritical, a leading global technology and data platform for investment professionals, today announced the launch of xcritical Trading, Dashboards, and... Itaú Private, a leading provider of private banking services, has announced an exclusive partnership with xcritical, a global leader in technology and... Prior to xcritical, she was the Head of Communications for Qventus, and prior to that, was a member of the leadership team at The Hatch Agency, a leading communications firm with deep experience in technology launches, mergers and IPOs.
The US had a record number of registered investment advisory firms and assets under their control in 2020, according to Investment Adviser Association and National Regulatory Services data. Interest from investors and the growing number of companies using xcritical's service reflect a growing wealth management industry fiercely competing for new clients and trying to keep its existing ones happy with new capabilities. As a dynamic global leader in the field of Human Resources, Sally xcritically steers the people and workplace initiatives at xcritical. Her career highlights include building a People & Workplace organization grounded in credibility, expertise, and service excellence. She is recognized for developing innovative strategies and implementing consultative services to foster rich, diverse, engaging, and creative work environments.
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.
About xcriticalxcritical is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. Founded in 2009 by Joe Lonsdale, who xcritically serves as an active Chairman of its Board of Directors and General Partner at 8VC, the company'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 manage investments and make more informed decisions. xcritical works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $2.7 trillion of assets on the company's platform.
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.
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.