RISR, a startup fintech platform that helps advisors with business owner clients, has added another firm to its network of partners.
The new partnership with Wealthcare Capital Management, a technology-enabled RIA with more than $8 billion in, aims to equip Wealthcare’s network of over 170 affiliated advisors with enhanced tools in areas such as equity valuation, tax planning, and risk management for businesses.
The collaboration comes as business owners navigate ongoing economic challenges, including the fallout of Covid-era labor shortages, inflation, and higher interest rates. Those challenges pushed many to pause their succession planning and retirement strategies, which have come back to the forefront as an urgent priority.
According to one survey by Edward Jones, roughly one-sixth of business owners feel unprepared for their succession plan, and just 37 percent have a financial advisor to help guide them through the succession process.
“A business owner’s journey is deeply personal, and so are the goals they have for their business,” Matt Regan, chief executive officer of Wealthcare, said in a statement announcing the partnership. “Our team works closely with our clients to understand their unique goals, priorities and vision for the future.”
Wealthcare, which has emphasized technology-driven solutions for over two decades, will integrate RISR’s platform to improve advisor-client engagement, help advisors streamline their operations, and drive organic growth with data-driven insights to support long-term financial strategies.
“Business owners need an advisor who has the right data at their fingertips to guide them through critical decisions,” said Jason Early, founder and CEO of RISR.
Prior to Wealthcare, RISR welcomed numerous firms to its platform last year, including Journey Strategic Wealth, Great Valley Advisor Group, and Citadel Wealth Management.
RISR has also joined forces with FS Investments, an alternative asset manager with more than $83 billion in assets under management. FS Investments has integrated RISR into its value-add program, providing business owners with guidance on transitions and liquidity events.
Separately, interVal, a software provider for wealth and accounting firms, has updated its Business Reports feature to offer greater customization. The upgrade allows advisors to generate streamlined reports that provide key business insights while preserving historical data for tracking progress over time.
“We redesigned Business Reports to give advisors more control over how they analyze and present key business data,” Trevor Greenway, co-founder and chief executive officer of interVal, said in a statement.
"By making the business reports customizable, this feature ensures that advisors can tailor their services to provide the best possible client experience and focus on what matters most," Greenway said.
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