Ledgex Bolsters Leadership Team

Ledgex Bolsters Leadership Team to Meet Increased Customer Demand in Surging Family Office Market

Nicole Eberhardt Promoted to CEO Post, Industry Veteran Wendy McCoy Joins Company as CSO

WALTHAM, Mass., November 15, 2022 – Ledgex today announced it has bolstered its leadership team to meet increased demand for its platform and further its growth in a booming family office market. The company is the creator of Ledgex Pro, the multi-asset class portfolio management and accounting solution built by investment pros for family offices, foundations, endowments and multi-strategy managers. According to research from Knight Frank, the volume of ultra-high net worth individuals (UHNWIs) is expected to increase nearly 30% over the next three years. This is leading analysts to project a 40% increase in five years for the family office market.

“For those with the technology to handle greater portfolio complexity, the future is promising; they’ll be able to better preserve wealth and help families find meaningful ways to contribute to society,” said Nicole Eberhardt, CEO of Ledgex. “But most vendors haven’t evolved their offerings, and these outdated solutions fail to address current needs. Not only do we offer a purpose-built solution for family offices – one that reduces complexity and is continually updated – we’re fortifying our leadership in order to meet increased demand for LedgexPro.”

Enhancements to the management team include the appointment of Eberhardt to the CEO post, as well as the addition of highly regarded industry veteran, Wendy McCoy, as Chief Strategy Officer (CSO).

Eberhardt, previously CSO of Ledgex, possesses over two decades of experience as a financial technologist and entrepreneur. She was the co-founder of TKS Solutions, the NY-based software firm whose flagship product, Penny – It Works®, became the premier back office accounting system in alternative investing. She was a senior business analyst at Oakbrook Solutions, assisting family offices with business process reviews and software selection. Eberhardt was also director of professional services for SS&C Technologies, overseeing product management, development and consulting for their accounting systems AdvisorWare®, HedgeWare® and Total Return®.

The appointment of Wendy McCoy as CSO marks the addition of another financial technology leader to the company at a time when cloud adoption is having a dramatic impact on the industry. McCoy is the former Vice President of Product Management Services for ECI, a provider of managed services, technology solutions and business transformation to the financial services sector. She has 23 years of related industry experience, including a decade leading and managing service offerings at IBM. A particular focus for McCoy will be aligning market needs with the products and services the company offers its customers to facilitate mutual growth.

Ledgex Pro is the most comprehensive offering available for family offices to manage diverse portfolios from front to back. The platform brings accounting and investment books of records together (ABOR and IBOR) in a single solution, greatly streamlining workflows as teams only need to capture and reconcile data once to begin unearthing powerful new insights.

Ledgex Pro provides the ability to see and manage data across multiple views. Further, it features a Confidence Index with advanced algorithms that assesses a level of confidence to underlying data. This presents critical portfolio details in a whole new light, eliminating countless hours operations teams spend proving data quality, while allowing them to focus on unlocking data insights for stronger performance.

For more information, please visit www.ledgex.com.

About Ledgex

Ledgex was built by investment office professionals to solve multi-asset data quality challenges and usability. The company enables investment firms to confidently and successfully manage complex asset portfolios with game-changing improvements in data accuracy, transparency and timeliness. Ledgex is based in Waltham, Mass. For more information, please call (888) 748-0933, email info@ledgex.com or visit our website at www.ledgex.com.

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