News

WisdomTree and AdvisorEngine Strengthen Advisor Growth Program Through Key Technology Acquisition

Companies Integrate Kredible, a Technology-Enabled, Research-Driven Practice Management Firm Designed to Help Advisors Acquire New Clients

New York, NY – (GlobeNewswire) – April 27, 2017 – WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager driven by research and technology, and AdvisorEngine Inc., a digital wealth management platform, jointly announce their commitment to providing advisor growth solutions through AdvisorEngine’s acquisition of Kredible Technologies, Inc. (“Kredible”), a technology-enabled, research-driven practice management firm designed to help advisors acquire new clients.

WisdomTree and AdvisorEngine: Collectively Helping Advisors Grow Their Businesses

In November 2016, WisdomTree, an independent-thinking asset manager with a focus on research and a history of innovation, and AdvisorEngine, a B2B full enterprise wealth management technology platform, established a strategic relationship with a common goal: to help financial advisors grow their businesses and better connect with their clients in a rapidly evolving industry and regulatory environment.

“AdvisorEngine has been continuously focused on helping financial advisors scale and grow. Our investment in Kredible’s powerful, research-based marketing tools further demonstrates our commitment to the financial services space,” said AdvisorEngine CEO, Rich Cancro. “So many advisors struggle with building out a solid online presence; Kredible’s platform streamlines the process with the goal of acquiring new clients.”

Thomas Skrobe, WisdomTree Head of Client Solutions, said, “WisdomTree and AdvisorEngine are committed to building a global advisor solutions program to help meet evolving client needs. With the wealth management industry changing quickly and significantly, financial advisors need to evolve the way they do business. Kredible’s solutions are a natural addition to our offerings, enabling advisors to differentiate themselves and grow their businesses through digital enhancements and modern techniques.”

Beyond WisdomTree’s ETF, ETP and CIT offerings, the Company provides access to an advisor solutions program, which includes portfolio consulting services, model portfolios and practice management, incorporating leadership, organizational development and marketing services.

The Incredible Opportunity for Kredible

Kredible is a technology-enabled practice management firm targeting financial advisors with the goal of helping advisors modernize and enhance their online presence. Kredible research, including eye tracking studies of high net worth clients, shows that approximately 72% of the clients surveyed said online information is “extremely” or “very” influential to who they hire.

Direct benefits to the advisor include:

  • Ability to attract more prospects and win more business by optimizing their digital presence, such as their social profiles and organic search rankings
  • Access to relevant content and analytics
  • A behavioral, research-based online property for each advisor that helps fill a void in most financial advisors’ online presence

Brad Shepard, Kredible Founder and CEO, said, “Based on our research, more than 50% of new prospects indicate that they have eliminated a financial advisor from consideration based on what they did or didn’t find about them online. The modern advisor must evolve to meet ever-changing expectations including the way their prospects and clients find them to determine if they are credible to manage their financial life and communicate with them on an ongoing basis.”

“We’re thrilled to join WisdomTree and AdvisorEngine in this effort,” Shepard adds.

Enhancing Connectivity Between Client and Advisor

In February, AdvisorEngine announced the acquisition of a financial planning technology that both streamlines the onboarding process and includes an easy-to-use digital prospecting tool that helps financial firms create and deliver advice, execute on that advice and monitor client progress. Going forward, AdvisorEngine will continue to be an open architecture platform with key integrations to other financial planning tools and CRMs, as such tools are often very personal to the advisor.

AdvisorEngine’s Cancro adds, “The financial investment and strategic relationship with WisdomTree has allowed us to expand the AdvisorEngine platform to deliver an innovative and sophisticated set of tools that advisors can use to differentiate themselves from the competition. Add Kredible to the platform, and you have a deeper, broader layer of advisor growth solutions to complement our existing solutions.”

In November 2016, WisdomTree made a $20 million minority equity investment in AdvisorEngine and announced a strategic agreement whereby WisdomTree’s asset allocation models would be made available through AdvisorEngine’s open architecture platform and WisdomTree would actively introduce the AdvisorEngine platform to its deep distribution network. WisdomTree is also announcing an additional $5 million investment in AdvisorEngine to continue to fuel its growth, leadership and innovation in the advisor solutions space.

About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe, Japan and Canada (collectively, “WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $43.8 billion in assets under management globally. For more information, visit our Investor Relations website.

WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.

About AdvisorEngine Inc.
AdvisorEngine, a pioneer in digital wealth management technology, was the first company to integrate private-label robo-advice technology within a full enterprise B2B digital wealth management platform. AdvisorEngine integrates online and traditional wealth management processes and workflows to help advisors build deeper relationships with their clients. Its open architecture platform provides fully customizable robo-advisor tools, dashboards to analyze and track business development online account opening and funding, billing, data aggregation and performance reporting. AdvisorEngine helps investment firms scale their existing business profitably and connect with the next generation of clients and advisors. More information about the firm, which is headquartered in New York, is available at www.AdvisorEngine.com.

About SenaHill Partners
SenaHill Partners is a merchant bank offering a full suite of investment, operating and advisory services to the financial technology sector. From inception and capital raising through scaling and growth to strategic exit, SenaHill bridges the gap between FinTech innovators and global financial institutions to bring a new level of efficiency, collaboration and success to the industry. For more information please visit www.SenaHill.com.

SenaHill Securities, LLC acted as exclusive strategic and financial advisor to AdvisorEngine.

Inertia Advisors, a division of KEMA Partners LLC, acted as exclusive financial advisor to Kredible in connection with the transaction.

 

Technology for Financial Advisors: A Quick Review of Tech World Display at T3 Advisor Conference

Technology for Financial Advisors: A Quick Review of Tech World Display at T3 Advisor Conference

Big news at the T3 Conference was AdvisorEngine's partnership with FinMason for institutional-level risk analytics, and it's the purchase of Wealthminder for the first integration of a sophisticated financial planning calculation engine into the “traditional” suite of robo services. "It’s not hard to imagine prospects going to your website, comparing their current portfolio’s performance to your models, and then doing some of their own financial planning work on the computer screen—before they ever meet you face-to-face." 

The Latest In Financial Advisor #FinTech (April 2017)

The Latest In Financial Advisor #FinTech (April 2017)

Financial planner, commentator and educator, Michael Kitces provides.a great summary of recent news, announcements and trends in the financial technology space, including a highlight of AdvisorEngine's recent acquisition of Wealthminder.

AdvisorEngine Named Best On-Boarding Technology at 2017 Family Wealth Report Awards

Judges cite innovative approach to engaging and converting prospects as key factor in their decision

NEW YORK (March 21, 2017)AdvisorEngine, the innovative digital wealth management platform that has become a leader in the financial services industry over the past three years, was named Best On-Boarding in Wealth Management Technology at the 2017 Family Wealth Report Awards Gala last night in New York City. The firm was also named a finalist for the Innovative Client Solution and the Client Communications awards in the wealth management technology category.

“We thank the judges for recognizing our industry-leading technology for client on-boarding,” said Rich Cancro, founder and CEO of AdvisorEngine. “Our platform helps advisors jumpstart new client relationships with a fast, intuitive online account opening workflow. Our easy-to-track dashboards give advisors and their clients full visibility into the process and reduces administrative time.”

AdvisorEngine’s on-boarding supports 18 different account types, including individual, joint, IRA and trust accounts, and provides a choice of electronic signature, click through agreements, or validated print documents. Firms can seamlessly include their advisory agreements, disclosure documents and custodian forms. Both the client and the advisor receive real-time updates regarding the status and funding of the account, and all data is retained for compliance review and oversight. 

The fourth annual Family Wealth Report awards was held in New York City on March 2nd. The awards recognized companies, teams and individuals within the global private banking, wealth management, and trusted advisor communities that two panels of judges deem best-in-class and that "demonstrate innovation and excellence" in their respective fields.

This is the second Family Wealth Report Award for AdvisorEngine. The firm previously won in 2016 for outstanding portfolio management platform. 

Advisors interested in a demonstration of AdvisorEngine’s on-boarding capabilities can go to www.advisorengine.com or email info@advisorengine.com for personalized consultation and advice.

ABOUT ADVISORENGINE

AdvisorEngine, a pioneer in digital wealth management technology, was the first company to integrate private-label robo-advice within a full enterprise B2B digital wealth management technology platform. AdvisorEngine integrates online and traditional wealth management processes and workflows to help advisors build deeper relationships with their clients.  Its open architecture platform provides a fully customizable robo-adviso, ashboards to analyze and track business development online account opening and funding, billing, data aggregation and performance reporting. AdvisorEngine helps investment firms scale their existing business profitably and connect with the next generation of clients and advisors. More information about the firm, which is headquartered in New York, is available at www.AdvisorEngine.com.

What’s the Difference between a TAMP and a Robo?

What’s the Difference between a TAMP and a Robo?

Industry technology expert Bob Veres explains the distinction between a TAMP – which he characterizes as a product, like an annuity or non-traded REIT – and an online account platform – which is software like the semi-automated rebalancing engines. 

The Full Spectrum of Client Experience

The Full Spectrum of Client Experience

Wealthminder founder, Rich Ellinger, discusses discusses how combining with AdvisorEngine will deliver a more robust offering for advisors. The Wealthminder software helps advisors more easily develop a financial plan, deliver advice and recommendations on that plan, and track results for their clients.

AdvisorEngine acquires WealthMinder

AdvisorEngine acquires WealthMinder

Rich Ellinger, founder of Wealthminder, will bring interactive, goals-based financial planning into the AdvisorEngine mix. “Clients will have the ability to input their own data, review the advisor’s recommendations, and notify the advisor when they have taken action – all online. 

Robo-advisers aren't taking over ... yet

Robo-advisers aren't taking over ... yet

Kurt MacAlpine, executive vice president and head of global distribution at WisdomTree, said 'he sees robo-advisers as being the first wave of automation taking over the industry and the second wave being technology service providers like AdvisorEngine offering automated tools to financial advisers.'

Tech developments in the advisory space highlighted at annual T3 conference

Tech developments in the advisory space highlighted at annual T3 conference

Highlighting the afternoon sessions at Technology Tools for Today (T3)  Advisors Conference was a panel, led by AdvisorEngine CEO and founder Rich Cancro, disucssing digital advice and how advisors can reimagine the delivery of investment advice and the client experience..

AdvisorEngine Acquires Wealthminder Assets, Adds Goals-Based Financial Planning

New tools bolster technology platform for financial advisors

NEW YORK (February 15, 2017)AdvisorEngine, the innovative digital wealth management platform that has become a leader in the financial services industry over the past three years, announced today that it has purchased the technology assets and intellectual property of Wealthminder, a cloud-based offering that enables financial advisors to collaborate with clients to help them reach their financial goals.

The integration of Wealthminder will strengthen AdvisorEngine’s unique platform. “Wealthminder’s mission is to make financial planning simpler for financial firms and their clients. We’re excited to provide AdvisorEngine clients a more robust, yet easy-to-use solution for delivering advice, executing on that advice, and monitoring the client's progress,” said Wealthminder founder and CEO Rich Ellinger, who will join AdvisorEngine.

“When Rich Ellinger and I began talking, it was clear we shared similar philosophies about helping advisors connect with and serve clients,” said AdvisorEngine founder and CEO Rich Cancro. “AdvisorEngine will continue to be an open architecture platform with key integrations to other financial planning tools, as CRMs and planning tools are often very personal to the advisor.”

HELPING ADVISORS GROW

The addition of Wealthminder’s digital prospecting tools will help financial firms foster new and deepen existing relationships with clients. “I am pleased that AdvisorEngine will provide RIA’s and broker/dealers that support advisor networks with a white-label digital prospecting tool,” said Ellinger. “Leading with education and an interactive planning experience builds credibility with the prospect. Then once the prospects decide to become clients, they can electronically open and fund an account, allocate their assets, and connect with a personal financial advisor if so desired.”

“Financial advisors want a technology solution that enhances connectivity between client and advisor while supporting either a traditional advisor-driven relationship or a lower touch client-driven experience,” said Cancro. “AdvisorEngine empowers advisors with integrated technology that allows them to serve a wide range of clients – from high-net-worth clients to moderate-balance.”

ADVISORENGINE AT T3 ADVISOR CONFERENCE

AdvisorEngine and Wealthminder executives will be available to answer additional questions at the T3 Advisor conference being held February 14-17, 2017 in Garden Grove, CA. AdvisorEngine will be in the T3 exhibit hall, beginning at #400.

AdvisorEngine CEO Rich Cancro will host a fireside chat at the T3 Conference on February 15th.  He will be joined by Kendrick Wakeman, CFA, of FinMason; Andy Putterman of 1812 Park LLC; and Greg Friedman, CFP of Private Ocean / Junxure.  The discussion will focus on digital disruptions and emerging opportunities for financial advisors and financial services firms.

T3 conference producer and financial technology expert Joel Bruckenstein said, “I’ve been following AdvisorEngine’s journey from a B2B investment robo-advisor to a full-fledged digital platform for advisors. The asset purchase from Wealthminder should accelerate the journey, providing AdvisorEngine with foundational elements of goals-based financial planning and advisor marketing tools.  It is becoming increasingly apparent to me that AdvisorEngine is becoming a serious player in the digital platform segment of the market.”

PARTNERSHIP WITH WISDOMTREE

In 2016, WisdomTree made a $20 million equity investment in AdvisorEngine and announced a strategic agreement whereby WisdomTree’s asset allocation models would be made available through AdvisorEngine’s open architecture platform and WisdomTree would actively introduce the AdvisorEngine platform to its deep distribution network.

ABOUT ADVISORENGINE

AdvisorEngine, a pioneer in digital wealth management technology, was the first company to integrate private-label robo-advice within a full enterprise B2B digital wealth management technology platform. AdvisorEngine integrates online and traditional wealth management processes and workflows to help advisors build deeper relationships with their clients. Its open architecture platform provides a fully customizable robo-adviso, ashboards to analyze and track business development online account opening and funding, billing, data aggregation and performance reporting. AdvisorEngine helps investment firms scale their existing business profitably and connect with the next generation of clients and advisors. More information about the firm, which is headquartered in New York, is available at www.AdvisorEngine.com.

ABOUT WISDOMTREE

WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe, Japan and Canada (collectively, "WisdomTree"), is an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $42 billion in assets under management globally. For more information, visit WisdomTree’s Investor Relations website: http://ir.wisdomtree.com.

WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.