AdvisorEngine acquires Wealthminder

Wealth management platform now will offer adviser-client collaboration tool

Feb 15, 2017 @ 8:48 am

By InvestmentNews

AdvisorEngine, a New York-based digital wealth management platform, has purchased the technology assets and intellectual property of Wealthminder, a McLean, Va.-based adviser-client collaboration tool.

Wealthminder founder and CEO Rich Ellinger will join AdvisorEngine, which did not disclose terms of the deal in its press release.

“The addition of Wealthminder's digital prospecting tools will help financial firms foster new and deepen existing relationships with clients,” said AdvisorEngine founder and CEO Rich Cancro.

In 2016, WisdomTree made a $20 million equity investment in AdvisorEngine and made its asset allocation models available through AdvisorEngine's platform.

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