Draft:Michael Paulus

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Michael Paulus (born May 19, 1988) is a Swiss-American billionaire[1] best known for co-founding the insurance technology company Assurance IQ[2] and for his early role in the financial technology firm Addepar[3]. He is the founder and managing partner of PCM Encore, a family office and wealth management firm with over $1.2 billion in assets[4], and has been an active investor in artificial intelligence and financial technology startups.

Early life and education

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Paulus grew up in Bow, Washington. He studied Economics and Management Science & Engineering at Stanford University.

Career

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Addepar

Paulus was the Founding President of Addepar, a wealth management technology platform founded in 2009 that provides portfolio reporting and data aggregation tools for investment advisors.

Assurance IQ

In 2016, Paulus co-founded Assurance IQ, an online insurance and financial products distribution platform, with Michael Rowell. The company applied data science and direct-to-consumer marketing to match individuals with health, life, auto, and other insurance policies.

In September 2019, Prudential Financial acquired Assurance IQ in a deal valued at up to $2.35 billion[5], marking one of the largest insurtech acquisitions to date.[6]

PCM Encore

Following the sale of Assurance, Paulus founded PCM Encore, a family office and wealth management firm. PCM Encore provides investment management, tax planning, and estate strategies for high-net-worth families.[7]

Venture investment

Paulus is an active private investor, with interests spanning artificial intelligence, fintech, and real estate. He served on the boards of Ontra[8] and Nesto[9], two notable fintech companies. Other venture investments include stakes in OpenAI, RelateIQ, and Vector.

Real estate and private equity

Paulus is an active real estate investor. He is a General Partner at ACG, which manages more than $4b in real estate projects. Through PCM Growth he is also an investor in Hawx Pest Control.[10]

Personal life

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Paulus divides his time between Aspen, Colorado and Bellevue, Washington. He is married, with three children. He serves on the Board of Directors of US Ski Mountaineering[11] and is a donor to medical research at Stanford University with a focus on Nutrition.[12]

References

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  1. ^ "Die 300 Reichsten 2024".
  2. ^ "How a stealthy insurance tech startup bootstrapped its way to a $2.35B acquisition in less than 4 years". September 6, 2019.
  3. ^ "The face of Addepar leaves the company amid intrigue about just where it stands with the RIA market".
  4. ^ "Meet the LP- PCM Encore". July 29, 2025.
  5. ^ Scism, Leslie (September 5, 2019). "Prudential to Pay $2.35 Billion for Online Startup Assurance IQ". The Wall Street Journal. Retrieved August 25, 2025.
  6. ^ "How a stealthy insurance tech startup bootstrapped its way to a $2.35B acquisition in less than 4 years". September 6, 2019.
  7. ^ "PCM Encore Transforms Family Office Model Into Client-First Advisory Firm". International Business Times. February 4, 2025.
  8. ^ "Legal AI startup Ontra raises $70M to automate back office tasks for Wall Street". June 10, 2025.
  9. ^ "nesto raises $76 million to accelerate growth and offer more Canadians "Low From the Get Go" mortgage rates" (Press release). June 10, 2021.
  10. ^ "Hawx Services Partners with Private Equity Firm".
  11. ^ "The Tech Entrepreneur Who Funded an Olympic Sport Revolution". February 24, 2025.
  12. ^ "Effects of Fermented and Fiber-rich foods on Maternal & Offspring Microbiome Study".