Wealthbox, a Providence, Rhode Island-based customer relationship management system for financial advisers, has received a $31 million investment from Frontier Growth, a Charlotte, North Carolina-based private equity firm.
The Series B round of financing represents a minority stake in the business, Wealthbox said in a release.
Wealthbox, which was launched in 2014, said it will use the capital to accelerate product development and innovation.
Two executives from Frontier Growth, Richard Maclean and Matt Williams, will join two Wealthbox executives, CEO John Rourke and co-founder Dan Ferranti, on Wealthbox's board of directors.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
