Wealthcare Capital Management, a tech-oriented registered investment advisor with over $8 billion in assets under management and a Financeware business unit, has tapped a business owner engagement platform for financial advisors, RISR, to help its advisors serve small-business owners.
“A business owner’s journey is deeply personal, and so are the goals they have for their business,” Wealthcare CEO Matt Regan said. “Our team works closely with our clients to understand their unique goals, priorities and vision for the future. We use best practices to help them maximize their business potential by planning early, setting clear goals and developing consistent, repeatable processes that create personalized client experiences. RISR was the clear choice for serving this integral client segment.”
RISR, which announced the Wealthcare partnership Friday, also said it has partnered with FS Investments, an alternative asset manager with over $83 billion in assets under management.
Wealthcare, founded as a technology company more than 20 years ago and comprising three RIAs, uses a proprietary, goals-based financial planning platform, GDX. The firm's strategic partnership with RISR offers its more than 170 affiliated advisors the ability to improve client engagement, streamline operations and drive organic growth, Wealthcare said.
“Business owners need an advisor who has the right data at their fingertips to guide them through critical decisions,” RISR founder and CEO Jason Early said. “Whether it’s transitioning to retirement, selling their business for maximum value or implementing a succession plan that ensures their business thrives for the next generation, our team is eager to see the Wealthcare team take hold of our technology to positively impact their clients in the present and in the future.”
RISR said its engagement platform, which it calls the first of its kind, provides advisors and their business-owner clients deep insights into valuation, growth opportunities and risk assessment, as well as succession and exit planning, estate and legacy planning, retirement planning, insurance coverage, tax planning and capital and liquidity planning.
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