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Advisor-friendly, client-centric firm aggressively grows with next generation mobile wealth dashboard

Submitted by Technology Tools for Today on June 10th, 2015


Three-year-old Wealth Access has achieved notable financial relationships with several institutional investors, family offices and individuals, leading the fintech company to the milestones of raising more than $3 million in funding and ramping its team with experienced and proven company builders.

Previous investors are now joined by new ones including SixThirty, the Council & Enhanced Tennessee Fund created by Council Capital and Enhanced Capital Partners, and several family offices.

"Wealth management clients demand and deserve true collaboration with their trusted advisors," says David Benskin, Founder and CEO of Wealth Access. "The value of any advisory relationship lies in the people, not the software. We've been growing at an incredible rate and continually improving the customer experience." This round of funding will allow the company to further focus on accelerating its growth and deepening the development of a product that clients understand and advisors find to be a cutting-edge aggregation and communication platform, one that differentiates and improves their brand.

Wealth Access is a new member of the SixThirty FinTech Accelerator in St. Louis, an example of Wealth Access's ability to draw investors who can also be strategic partners.

"New companies can have a great idea, a great team, but they can't get their product to the market without access to the rails. Those rails are usually controlled by banks and other financial services companies," said Jim McKelvey, the co-founder of Square and one of the co-founders of SixThirty.

Other partners of the SixThirty program include a number of financial companies and institutions based in St. Louis, including, but not limited to, Wells Fargo Advisors, Edward Jones, Stifel, Scottrade, and CitiMortgage.

Wealth Access has learned that you can't replace the advisor, so it provides a holistic digital financial dashboard, allowing advisors to speak to clients more often. Financial advisors, high net worth investors, and family offices benefit from a tool designed for collaboration. Investors can gain a clear understanding of their balance sheet, have intelligent conversations with trusted advisors and make informed decisions. Advisors are able to differentiate themselves, strengthen relationships with their clients and provide better advice.

According to Denny Bottorff, General Partner and Co-Founder of Council Capital, "We feel that there is a growing demand in the wealth management industry for solutions that enable high net worth families and their financial advisors to better understand the comprehensive financial picture and make more informed investment decisions. We believe Wealth Access is well-positioned to help meet this need in the marketplace."

Hundreds of millions of dollars have recently been invested in online advisor technology, which typically provides a cheap delivery of asset management. It would be a major mistake for financial advisors and institutions to ignore next generation investors' demands for a clear, complete and simple experience. Wealth Access is the only consumer-friendly platform on the market that is truly catered to financial advisors.

About Wealth Access
Wealth Access is a fintech firm that provides reporting solutions for the UHNW/HNW advisor and investor community. Its proprietary and diagnostic software platform aggregates information from more than 20,000 financial services institutions and various holdings to deliver an aggregated view, allowing for better decision support in investments, tax planning, insurance and other complex situations faced by UHWN/HNW individuals. Wealth Access is a mobile technology solution to the complicated financial matter of the UHWN/HNW. For more information, visit wealthaccess.com and follow @ASmarterLook on twitter.

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