US-based registered investment advisor (RIA) Wealthcare Capital Management has partnered with RISR, a provider of business owner engagement platforms for financial advisors.
With more than $8bn in assets under management (AUM), Wealthcare supports independent financial advisors.
Through the partnership, Wealthcare advisors will get access to the needs of their business owner clients and are better equipped to support their advisor-client relationships.
Wealthcare CEO Matt Regan said: “A business owner’s journey is deeply personal, and so are the goals they have for their business.
“Our team works closely with our clients to understand their unique goals, priorities and vision for the future.
“We use best practices to help them maximise their business potential by planning early, setting clear goals and developing consistent, repeatable processes that create personalised client experiences. RISR was the clear choice for serving this integral client segment.”
According to RISR, business owners have faced severe economic challenges over the past several years, including the Covid pandemic, inflation and rising interest rates.
Wealthcare offers GDX financial planning technology, its in-house wealth management platform that creates a personal client experience and boosts advisor-client relationships.
The partnership with RISR will allow the company’s more than 170 affiliated advisors to improve client engagement, optimise operational efficiency, and support business growth.
RISR has also collaborated with FS Investments, an alternative asset manager with more than $83bn in assets under management.
FS Investments has incorporated RISR into its value-added programme, providing advisors with resources to better serve clients.
RISR founder and CEO Jason Early said: “Business owners need an advisor who has the right data at their fingertips to guide them through critical decisions.
“Whether it’s transitioning to retirement, selling their business for maximum value or implementing a succession plan that ensures their business thrives for the next generation, our team is eager to see the Wealthcare team take hold of our technology to positively impact their clients in the present and in the future.”
