RISR and FP Alpha unveil new planning tools for advisors

RISR and FP Alpha, two wealth technology providers with a focus on financial planning, both announced major enhancements to their respective platforms this week.

RISR, a Philadelphia-based engagement platform for business owner planning, has rolled out what it describes as a first-of-its-kind financial planning-focused succession and exit planning tool.

The new module is designed to help advisors initiate and lead conversations with business owners about transitioning out of their businesses – a topic that remains largely unaddressed for many. According to one recent report by JPMorgan Wealth Management, roughly three-fourths of the 34 million small businesses in the US lack a formal succession plan, even though most owners expect to exit within the next decade.

Another study by Edward Jones last year found one-third of business owners did not have a succession plan in place, while just 37% said they had a financial advisor to help them prepare for succession. Meanwhile, a report by US Bank this past July found more than one in three small business owners are planning to sell in the next year, with 62% of respondents saying their timeline to retirement has been shortened over the past five years.

The RISR platform’s new tool enables advisors to assess an owner’s exit goals, timeline, and readiness, and then generate a deliverable to support planning discussions before, during, and after a liquidity event. The upgrade also includes expanded valuation reports, risk management insights, and projections that connect business value to retirement and estate planning.

“At a time when more advisors are stepping up to serve business owners in deeper, more meaningful ways, they need technology that doesn’t just inform, but lays out a path forward,” said Jason Early, founder and chief executive officer of RISR. He added that the platform aims to give advisors “personalized, turnkey deliverables and insights” to help them lead planning efforts for clients considering an exit.

This past summer brought two significant partnerships for RISR, with $8.5 billion RIA Modern Wealth adding RISR to its tech stack last month and the American College of Financial Services offering passers of its business succession certificate program complimentary access to reports generated by RISR.

Meanwhile, New York-based FP Alpha announced enhancements to its tax planning suite, including the Tax Wrap feature and a new Scenario Comparison Visual in its Tax Projector.

The updates are designed to help advisors address the sweeping changes from the One Big Beautiful Bill Act, which introduced dozens of mid-year shifts in tax law.

The tax wrap feature provides a year-end summary of key taxable events – such as Roth conversions, charitable gifts, and qualified charitable donations – aiming to streamline communication between advisors, clients, and tax preparers.

The other update, a scenario comparison visual allows, advisors to compare multiple tax strategies side by side, using visuals to help clients understand the real-world impact of their decisions.

“Tax planning can often feel theoretical or overwhelming to clients,” said Andrew Altfest, founder and chief executive officer of FP Alpha. He said the new visual tool “bridges that gap, enabling advisors to clearly communicate the real-world impact of tax strategies, particularly as we navigate the OBBBA.”