Wealthcare, an built-in tech platform, hybrid registered funding advisory agency and TAMP based mostly in West Chester, Pa., has launched a new RIA and affiliation mannequin for advisors that be a part of, in accordance with Type ADV filings.
The agency was gentle on the small print of Wealthcare Capital Companions, which registered with the Securities and Change Fee final month. The RIA additionally lately joined the Protocol for Dealer Recruiting.
“Wealthcare stays dedicated to offering its unbiased advisors with versatile options and elevated service,” Wealthcare President and CEO Matt Regan stated in a press release. “One of many some ways we provide that to our purchasers is thru our versatile affiliation fashions. Wealthcare Capital Companions is our newest providing in aiming to satisfy the wants of choose advisors taken with becoming a member of Wealthcare.”
Craig Fischer, proprietor of Atlantic Monetary Companies, an RIA in Towson, Md. with practically $141 million in consumer belongings, has joined Wealthcare’s new RIA. He makes use of M.S. Howells & Co. as his dealer/supplier.
In keeping with its ADV submitting, Wealthcare Capital Companions will use M.S. Howells and Arkadios Capital for brokerage enterprise, and TD Ameritrade, Schwab, Constancy and Pershing for custody.
The RIA will present forgivable transition notes to its advisors based mostly on the consumer belongings that come over.
The RIA could choose Wealthcare Capital Administration to behave as sub-advisor for advisory companies, with WCM offering monetary planning, funding advisory and portfolio administration companies to Wealthcare Capital Companions, the submitting said. It can use DPL Monetary Companions for insurance coverage.
The RIA will present funding advisory companies to people, high-net-worth people, trusts, estates, retirement plans, charitable organizations and different companies. The agency will present project-based monetary planning and consulting companies on an hourly or mounted charge foundation, in addition to retirement plan advisory companies.
Based in 1999 and backed by non-public fairness accomplice NewSpring Holdings, the Wealthcare enterprise mannequin relies on the built-in planning software program developed by founder and former CEO Dave Loeper. Used all through the business as a white-label product (it is referred to as Envision at Wells Fargo), the goals-based software program is the framework round which Loeper created his flagship RIA, Wealthcare Capital Administration. The hybrid Wealthcare Advisory Companions was established later to accommodate advisors with brokerage enterprise held away at LPL Monetary. Throughout each platforms, the agency at the moment oversees greater than $6 billion in consumer belongings throughout greater than 170 unbiased practices.
Wealthcare Capital Administration entered the RIA M&A market in 2022 with its acquisition of Eagle Monetary Administration Companies, a Shreveport, La.-based agency with greater than $120 million in belongings.
