Using the Addepar integration

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Integration Summary

Addepar Portfolios

Our integration with Addepar allows Advisors to see a client’s Addepar Accounts and Holdings within their corresponding Practifi list of Assets under the Financials section of the client record.  This is a one-way integration – from Addepar to Practifi.  

Annualized Revenue

The integration also shows an Annualized Revenue run-rate for each Addepar Assets, shown at the Asset level.  This is derived from the most recent daily figure of fee earnings generated by Addepar, multiplied by 365, to approximate a projected fee earnings figure.  The Annualized Revenue figure uses the last full day of fees as calculated by Addepar in its system. 

Data Field Mapping

Data Field Mapping

The summary of data field mapping from Addepar to Practifi appear below. 

Practifi

 

Addepar

Client

(Name)

🠜   

Daily

Top Level Owner

(Addepar Client Name)

 Asset

(Description)

(Revenue)

 

🠜   

Daily

 

Direct Owner

(Name)

(Billing Fees)

 Holding

(Holding)

(Classification)

(Product Code)

(Balance)

(Unitised (Unit Value))

(Unitised (Units))

(As At)

 

🠜   

Daily

 

 

 

 

 

 

  

Position

(Name)

(Asset Class)

(Product Code/Ticker)

(Value)

(Unit Price)

(Units)

(Valuation Date)

Presently, Addepar Client Porfolios (Assets grouped into Potfolios for a Client within Addepar) are not shown in Practifi.  The  Assets (typically, a financial account, or the name of a collection of Holdings) and their Holdings within Portfolios, all appear directly under the Client Name.

Using the Integration

Linking Addepar client portfolios with Practifi Clients

Addepar Client portfolios are linked to their corresponding Practifi client using the Integrations App.  This allow clients from both systems to be linked, even though they may not be recorded with exactly the same name.   This operation will only need to be done once for each client-pairing.  

In the top-left App Launcher icon in Practifi locate and launch the Integrations App

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On the left-side dropdown arrow locate the selection for Addepar

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On the left-side column Addepar Client locate the name of the Addepar client portfolio for the Client, as recorded in Addepar.

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Where the row has not been already linked to a corresponding Practifi Client (the right-side column for Practifi Client is empty), click the Edit link icon.  This will enable the Practifi Client search panel for that row.

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Search for the name of the Practifi Client.  When the Client has been located, click Save.  The Addepar portfolio is now linked to the Practifi Client.  A confirmation message will appear, advising that the process to copy the Assets and Holdings from Addepar to Practifi is underway. The Assets and Holdings in the Addepar portfolio will appear as Assets and Holdings for the Practifi Client.  Multiple Addepar client portfolios (Addepar Clients) can be linked to a single Practifi Client from this table.

Deleted Clients

If an Addepar Client has been previously linked to a Practifi Client, but the Client has since been deleted from Addepar and still exists in Practifi, the corresponding row on the Linking Page will have a tick box set in the Is Removed column.  The deletion of a Client from Addepar does not remove it from this list in Practifi.  If the Addepar Client name should be removed from appearing in this list then it may be Deleted using the right-arrow dropdown > Delete link.  This action does not delete the Client from Practifi, and only removes the entry from this list.

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Addepar Assets

Assets and underlying Holdings listed in Addepar under a Client appear under the Financials > Assets section of the Client record.  Assets sourced from other integrated systems also appear in the list.

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The Annualized Revenue for each Asset within the client’s list of Addepar Assets is displayed as a total on the Basics tab.

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The details of the Holdings under each asset are displayed under the Holdings tab

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Annualized Revenue at Client level

The Annualized Revenues for the client’s linked Assets and Holdings is totalled and displayed as a summary figure at client level under Annualized Revenue.

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