wealth.com, the leading provider of estate planning tech solutions for advisors, is looking forward to its next chapter of growth as a cohort of leading VC investors provide a hefty multimillion-dollar capital infusion.
The fintech provider announced Monday that it has secured $30 million in Series A funding, led by GV, to advance its position in AI-driven estate planning. The funding round saw additional participation from Citi Ventures, Outpost Ventures, 53 Stations, and Firebolt Ventures, marking a strong vote of confidence in the platform's growth trajectory.
The company plans to use the new capital to enhance its technology, improve integration capabilities, and roll out new features aimed at financial advisors and their clients. The goal is to further modernize estate planning, making it more accessible and efficient for a wider range of users.
"Half of all personal wealth in the US will change hands over the next two decades," Elena Sakach, a partner at GV, emphasized. "As we navigate the largest wealth transfer in history, the need and opportunity for estate planning solutions has arguably never been greater."
A June report by Altrata projects more than $1.2 million affluent individuals globally will transfer $31 trillion in wealth by 2033. Another popular projection by Cerulli has it that $84 trillion will be changing hands over roughly the next two dozen years.
It was also in June that wealth.com introduced its Family Office Suite, a set of tools designed for high-net-worth and ultra-high-net-worth clients. The suite offers features to help advisors manage complex estates, including estate visualization, tax planning optimization, and streamlined reporting processes.
In July, the estate tech firm forged a collaboration with Integrated Partners, under which the national planning and RIA firm's network of more than 212 advisors and 116 regional offices across the US access to wealth.com's leading software.
Rafael Loureiro, wealth.com’s chief executive officer, highlighted the progress his company has made on its mission to transform estate planning with modern technology.
"Our platform has streamlined and unlocked access to estate planning for thousands, highlighting the generational change we’re driving in the industry," Loureiro said. "This investment validates our efforts to disrupt estate planning while supporting our continued growth and ability to serve an ever-expanding client base.”
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
