Wealthbox, a Providence, RI-based CRM software platform for financial advisors, received a $31m minority investment from Frontier Growth.
The company intends to use the funds to accelerate product development and innovation.
Founded by serial entrepreneurs John Rourke and Dan Ferranti in 2014, Wealthbox is a purpose-built CRM technology for financial advisors at wealth management firms and broker-dealers to track client relationships, collaborate as a team, and streamline operations. Wealthbox is now integrated with custodial platforms and wealth-tech products.
As part of the transaction, Richard Maclean and Matt Williams of Frontier Growth will join John Rourke and Dan Ferrantion Wealthbox’s board of directors. Prior to the transaction, Starburst Labs, the parent company of Wealthbox, spun out Wealthbase, a social trading app for retail investors, which is now operating as its own separate company. Wealthbox is now the sole property of Starburst Labs, Inc.
FinSMEs
09/03/2022