Office address: 1021 East Cary Street, Suite 702, Richmond, VA 23219
Website: wealthcaregdx.com
Year established: 1999
Company type: financial services
Employees: 60+
Expertise: goals-based financial planning, investment management, portfolio management, fiduciary compliance, wealth management, practice management, RIA support services, technology-enabled advisory platforms, succession planning, tax-efficient investing
Parent company: Sammons Financial Group
Key people: Matt Regan (CEO), Justin DuBrueler (CFO), Ron Madey (CIO), Eric Yancey (CTO), Jim Krause (CCO), Brandy Weiberg (managing director), Ken Kideckel (VP)
Financing status: corporate-backed or acquired
Wealthcare Capital Management (WCM) is a Richmond-based RIA that helps independent financial advisors grow their practices. The firm is best known for GDX360, a patented goals-based platform that links client life goals with investment strategies.
As of December 2025, it manages $10 billion in assets and serves 198 advisors across 30 states.
WCM got its start in 1999 when founder David Loeper launched Financeware, a software company in Richmond. The founder had a clear aim: to bring a more data-driven approach to financial planning.
Most planning tools at the time relied on rough projections, but Financeware used Monte Carlo simulations for more reliable results. That idea of connecting life goals with investment strategy laid the groundwork for everything that followed.
By 2012, the firm had clearly expanded beyond its software-only origins. Its advisory business had grown tenfold since 2007 and nearly fivefold since 2009, so the Financeware name was well overdue for a change.
That year, the company officially relaunched as Wealthcare Capital Management to better reflect its growing advisory presence. By then, registered investment advisors under the firm were already serving clients across 32 states.
That rebranding was more than just a name change for the company. The very next year, NewSpring Holdings, a private equity firm from Radnor, acquired WCM.
Wealthcare stayed in Richmond as a standalone company and kept its core team and services intact. That decade-long partnership with NewSpring helped it scale its advisor network and broaden its national reach.
The ownership change in 2025 marked one of the key moments in Wealthcare's history. Sammons Financial Group, a privately held insurer from West Des Moines, acquired WCM to deepen its stake in the independent advisory market.
WCM had 190+ affiliated advisors, over 12,000 US clients, and 12 patents on its planning process. That year, the firm grew its AUM 32 percent to $10 billion and acquired Crowley Wealth Management.
Wealthcare Capital Management centers all its services on a goals-based planning methodology supported by 12 patents:
Two affiliated RIA entities, Wealthcare Advisory Partners and Wealthcare Capital Partners, extend these same offerings to advisors nationwide.
Wealthcare Capital Management fosters what it calls a "true boutique experience" for every affiliated advisor. It upholds this through regular advisor calls, open forums, and an annual conference.
The company's philosophy puts advisor independence and life goals at its core. It upholds this through flexible affiliation models and a personalized, hands-on support structure.
WCM's end goal is helping every advisor reach their full potential. The firm ties its own growth directly to advisor success.
Matt Regan serves as president and CEO of Wealthcare Capital Management. Regan's prior roles include COO at Wescott Financial and founding partner at WR Hambrecht+Co.
He also consulted for Vanguard and earned his degree from the University of Toronto. Regan has made the InvestmentNews Hot List two years running, one of 100 top US wealth professionals.
Regan is supported by a leadership team that spans investment, technology, compliance, and operations:
Each leader brings deep expertise to their area of the business. Their work keeps Wealthcare's platform, portfolio models, and advisor support functions running for affiliated advisors.
In early 2025, Wealthcare Capital Management teamed up with RISR, a Philadelphia-based platform built to help advisors serve business owner clients. The partnership gives WCM's affiliated advisors tools for equity valuation, tax planning, and business risk management.
That matters now because many business owners pushed their succession plans aside during years of post-Covid inflation and rising interest rates. For WCM, the move points toward a future where its advisors can serve a wider and more complex client base.
Alongside its fintech partnerships, the company is also earning attention on the awards stage. Wealthcare was recognized as an excellence awardee at The 2025 InvestmentNews Awards for RIA Firm of the Year.
It also received the same honor in the inaugural 2024 awards. That back‑to‑back honor shows that the company's advisor-centric model and growth strategy are resonating with industry peers and should continue to shape its trajectory.
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