RISR Marks Successful Launch With Capital Raise and Early Momentum
26 Junio 2024 - 8:08AM
Business Wire
First-of-its-kind business owner engagement
platform for advisors debuts with investor backing, strong user
adoption and key integrations
RISR, the first comprehensive business owner engagement
platform for financial advisors, today announced the successful
closure of a $1.5 million capital raise. This seed round, which saw
participation from financial services industry titans including
Kane Brenan, Angelo Grecco, Kevin Lucey,
Scott Hildenbrand, Frank Coates and David
Henkin, will primarily fund strategic hires, service
enhancements and platform development.
Built to deepen relationships between advisors and their
business owner clients, RISR unlocks the data and insights required
to enable more personalized engagement. Business owners face
critical decisions that directly inform succession planning,
capital structure, estate planning, tax planning, investments,
insurance and more. As private business data is notoriously
disorganized and difficult to analyze, advisors lack the tools
needed to help their clients optimize and protect their most
valuable asset. To fill this gap, RISR seamlessly aggregates and
analyzes key financial and business data to provide personalized
insights that launch advisors into more meaningful
conversations.
“We believe deeply in the work that advisors do, which often
blends tactics with the art of understanding a business owner’s
hopes, dreams and desires,” said Jason Early, founder and
chief executive officer of RISR. “At RISR, we are hyper-focused
on helping advisors better serve business owners. Sixty-five
percent of them don’t have an advisor, and that doesn’t sit right
with us. We designed our platform to change that.”
RISR has already begun assembling an elite team of industry
experts. Early customers have benefited from the talent accrued,
including Chief Operating Officer Cory Siegfried,
formerly of eMoney, Apprise Labs and Envestnet. Buoyed by its
growing team, the company is focused on expanding its data capture
and insights generation capabilities by leveraging key
integrations, artificial intelligence and deep industry
expertise.
Today, the platform is fully integrated with QuickBooks
and is capable of reading and extracting data from tax returns,
enabling advisors to effortlessly access financial data. In
addition, RISR’s partnership with Insurex expands its
offerings in the insurance sector.
"RISR has assembled an exceptional team to address a pressing
need,” said Kevin Lucey, a key RISR investor and advisory
board member who previously served as managing director and
chief operating officer at Hamilton Lane. “Amid a significant
decline in the number of publicly listed companies, attention has
been shifting to the private market, and the owners of those
companies desperately need sound advice. Jason and team are
equipping advisors with unmatched technology that addresses this
need head on. I am confident in RISR’s ability to drive meaningful
change, unlocking critical insights for business owners and the
advisors who serve them.”
RISR is focused on empowering the business owner’s most trusted
advisor, delivering a must-have solution to guide important
conversations and support both parties’ growth. The firm’s capital
raise, key hires and product launch serve as catalysts for
providing advisors with a clearer picture of these key clients’
needs. Financial professionals interested in booking a demo can
visit here.
About RISR
Founded in 2024 and backed by financial industry veterans, RISR
is a first-of-its-kind engagement platform designed to empower
advisors and the business owners they serve. By providing deep
insights into valuation, growth opportunities, risk assessment, and
more, RISR helps advisors deliver more impactful advice. Its
platform supports succession and exit planning, estate and legacy
planning, retirement planning, insurance coverage, tax planning,
and capital and liquidity planning. RISR is committed to unlocking
growth for advisors and ensuring the success of small business
owners who form the backbone of the U.S. economy. For more
information, please follow RISR on LinkedIn or visit risr.com.
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