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Bizequity Launches New ‘Advisor Office’ Service

Submitted by Technology Tools for Today on May 6th, 2015


New offering for wealth and insurance advisors enables them to private-label BizEquity’s patented product to enable better prospecting, enhanced client service, and compete more effectively with ‘robo-advisors’

 

BizEquity, an online provider of business valuation knowledge and big data, has launched of its new dedicated ‘Advisor Office’ subscription service for wealth managers, registered investment advisors (RIAs) and insurance advisors. BizEquity Advisor Office will be launched and showcased simultaneously at the Envestnet (NYSE: ENV) Advisor Summit in Chicago to over 1200 financial advisors, and at the inaugural eMoney Advisor summit to over 400 of the leading RIAs in the industry in Carlsbad California on May 6th. eMoney is the leading wealth management estate planning platform in the industry and Envestnet is the leading portfolio management system, combined these two leading firms have over 55,000 financial advisors on their respective platforms.

The traditional market for existing offline financial advisory services has been challenged over the past 36 months by ‘robo-advisors’ providing largely online, automated, portfolio management and investment advice, and direct online insurance offerings. To compete, wealth managers and insurance advisors are adopting new cloud-based big data technologies to offer clients additional tools and services such as business valuations and company performance analysis, which is the foundation of BizEquity’s offer and of the new Advisor Office service.

Advisor Office provides financial professionals with a dedicated platform that harnesses sophisticated algorithms and big data knowledge to helps advisors better gauge the risk profile of clients and assess, for example, whether they are underinsured or underfinanced, through providing the most up to date company valuation data on their businesses. The service also gives advisors new opportunities to begin conversations with potential clients and prospect smarter, armed with current valuations on their companies.

The ‘Advisor Office’ service includes a range of new exclusive features and functionalities including:

  • Private-labelled Cloud Service: Branded online service to enable subscribers to present the BizEquity platform as a proprietary service to clients and prospects
  • Prospector Search and Pre-Value Function:  Business owner prospects are geo-located and mapped for subscribers to more efficiently prospect and carryout initial pre-valuations to showcase offerings.  It is estimated that the #1 reason advisors leave the industry is due to poor prospecting, BizEquity changes that with its new service
  • A 29 Page Branded Business Valuation and Performance Report: Advisors can provide business owners with powerful real time business reports, helping them understand their business value and how they compare to their peer group
  • Online Reporting Dashboard and Reporting Console for Each Office: Details of clients and prospects, including their business and performance value in real-time, with the console delivering tailored information for each office on the activity and analytics of customers and prospects
  • Subscription Options: Full ‘Advisor Office’ subscription includes five valuations per month and a 200 company search allowance, or a limited version of the service available to individual advisors

For wealth managers, with assets under management (AUM) of more than $100 million, business owner’s account for 25% of all their clients and make up 50% of all prospects financial advisors and wealth managers are looking to attract. In the US, with 50% of all businesses underinsured and 40% of business owners without life insurance, there is also a strong opportunity for insurance advisors to capitalize on enhanced business valuation knowledge. 

BizEquity, which has filed over 60 patents and inventions, has been granted seven patents for its revolutionary cloud based and big data enabled platform and currently has over 200,000 users of its platform. The firm, headquartered in Wayne, Pennsylvania, was founded by Michael M. Carter in 2010. 

Michael M. Carter, CEO of BizEquity, commented:
“We are delighted to announce the launch of our new ‘Advisor Office’ service, which will enable our big data insights and business valuation knowledge to become more widely available to financial and insurance advisors as well as businesses across the US, the UK and Singapore. We have already experienced great success working with our existing financial clients, which include banks, wealth managers and financial advisors, to help them enhance their services and new business development and we hope Advisor Office will help us further expand our client base.

Our mission at BizEquity is to value every business in the world and for us to do that it is important that our platform becomes more accessible through financial institutions and advisors across the globe. We want to make the most critical financial knowledge available for every business owner and entrepreneur worldwide and by the end of the year we have plans to partner with 100 financial institutions to make that possible.”

Users can receive a free initial valuation score online by using a 7-step process by going to www.bizequity.com

 

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