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.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
