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.
Orion and RFG Advisory tackle account-opening delays with new updates as custodial integrations reshape how fast advisors can move client assets.
The deal extends the acquisitive mega-RIA's rapid 2026 expansion as industry consolidation hits record levels nationwide
As recent Middle East tensions put the Strait of Hormuz back in focus, a structured process with purpose can help protect investors against their natural self-sabotaging tendencies in choppy markets.
ESG-focused Longwave Financial, approaching $1B AUM, acquired Seattle-based MG Financial and hired a client services manager from an LPL-affiliated firm.
Tokenization goes mainstream with regulators watching prompting some firms to take a proactive approach.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
