RICHMOND, Va., July 30,
2024 /PRNewswire/ -- Wealthcare Capital Management
(Wealthcare), a technology-enabled RIA that supports independent
financial advisors and a NewSpring Holding platform company, is
thrilled to announce unprecedented growth and significant
milestones achieved in the first half of 2024. Celebrating its 25th
anniversary, Wealthcare's sustained momentum underscores its
commitment to empowering advisors, driving growth, and providing
unparalleled service to clients.
Key Highlights of Wealthcare's Remarkable 2024
Achievements:
- Continued Growth Across Affiliation Channels: Wealthcare
has experienced robust expansion across all affiliation channels.
The firm has already surpassed its previous recruiting record in
the 1099 channel. In the 'direct' channel, Wealthcare has
successfully completed its fourth acquisition. Additionally,
existing advisors continue to grow organically at more than double
the industry average.
- Surpassing $7 Billion in
Regulatory Assets Under Management (AUM): For the first time in
its history, Wealthcare has exceeded $7
billion in regulatory AUM, a testament to the firm's
strategic vision and the trust placed in it by clients and advisors
alike.
- Exceeding $500 Million in
Advisor-Driven Models: Wealthcare's innovative solution,
'advisor-driven models,' has surpassed $500
million. This solution empowers advisors who prefer
utilizing their own models while outsourcing trading and
rebalancing, reflecting Wealthcare's flexibility and commitment to
meeting diverse advisor needs.
- Welcoming Nine New Advisor Firms: In the first six
months of 2024, Wealthcare has added nine esteemed advisor firms to
its network, further strengthening its community and expanding its
reach.
- Celebrating 25 Years of Excellence: As Wealthcare
celebrates its 25th anniversary, the firm remains steadfast in its
mission to empower advisors, drive growth, and deliver exceptional
service to clients. The accomplishments of the first half of the
year set a strong foundation for continued success and innovation
in the years ahead.
"Wealthcare's achievements in the first half of 2024 highlight
our dedication to supporting our advisors and clients," said
President and CEO Matt Regan. "We
are proud of our growth and the milestones we have reached, and we
are excited about the future. Our commitment to empowering
advisors, driving growth, and providing unparalleled service
through our flexible solutions remains stronger than ever."
As Wealthcare continues to grow and innovate, it remains focused
on delivering exceptional value and support to its advisors and
clients. The firm looks forward to building on its successes,
exploring new opportunities in the financial advisory landscape,
and welcoming additional advisors to the Wealthcare community.
About Wealthcare
Wealthcare, a business unit of
Financeware, architected its original goals-based planning and
investing methodology 25 years ago and holds 12 patents on its
established goals management process. Powered by its patented
Comfort Zone®, Wealthcare's approach features
innovative, personalized experiences and step-by-step tools that
create deeper relationships between advisors and investors.
Wealthcare empowers firms and advisors to go independent and grow
their advisory businesses by providing GDX360® –
Wealthcare's proven fiduciary process that seamlessly integrates
planning, investing, and trading – and a full-suite of
practice-management services. Wealthcare is comprised of two RIAs,
Wealthcare Advisory Partners LLC and Wealthcare Capital Management
LLC. Learn more at www.wealthcaregdx.com.
About NewSpring Holdings
NewSpring Holdings,
NewSpring's dedicated holding company with a strategy focused on
control buyouts and platform builds, brings a wealth of knowledge,
experience, and resources to take profitable, growing companies to
the next level through acquisitions and proven organic
methodologies. Founded in 1999, NewSpring partners with the
innovators, makers, and operators of high-performing companies in
dynamic industries to catalyze new growth and seize compelling
opportunities. The Firm manages over $3.5 billion across
five distinct strategies covering the spectrum from growth equity
and control buyouts to mezzanine debt. Partnering with management
teams to help develop their businesses into market leaders,
NewSpring identifies opportunities and builds relationships using
its network of industry leaders and influencers across a wide array
of operational areas and industries. Visit NewSpring
at www.newspringcapital.com.
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SOURCE Wealthcare