Fintech firm Wealthcare, which works with 70-plus affiliated advisors and some $2 billion in assets, has hired Matthew Regan as its president.

The creator of the GDX360 platform and other goals-based planning technology says Ron Madey, CFA, will stay on as its chief investment officer. 

Regan joins Wealthcare from Wescott Financial Advisory Group, an independent RIA firm with about $2 billion in assets, where he served as chief operating officer for the past three years. 

Over his past 22 years in the financial services industry, Regan has also worked for Fiserv Securities and the investment bank W. R. Hambrecht, of which he was a co-founder and managing partner (1998-2012), according to his LinkedIn profile.

“Wealthcare’s impressive growth over the past several years makes this an ideal time to expand our leadership team,” according to Kevin Rafferty, CEO of the platform provider Financeware, which includes Wealthcare and is owned by NewSpring Holdings.

“Matt’s strong operational leadership experience in the registered investment advisor space will complement and strengthen our executive team’s depth of expertise while positioning Wealthcare for continued, sustainable growth,” Rafferty added. “We also look forward to leveraging Ron’s investment expertise to best serve the firm’s advisor and investor clients as CIO.”

Commenting on his new role, Regan said in a statement: “The evolving wealth management landscape provides unique and exciting opportunities for advisors who are looking to grow and scale their businesses. I’m thrilled to have the opportunity to help an even greater number of advisors improve their operational, financial planning and portfolio management capabilities for the benefit of their clients.”