BizEquity, a provider of cloud based business valuation and performance big data, has entered into a strategic partnership with technology-focused wealth management platform Sawtooth Solutions.
The deal with enable BizEquity’s to integrate its patented business valuation service, Advisor Office, with Sawtooth’s ‘wealth solutions’ platform.
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The Advisor Office makes use of big data knowledge to help advisors gain better insight on their clients’ financial profile. It allows advisors to evaluate whether their clients are underinsured or underfinanced, and offer up to date company valuation data on their business.
BizEquity said the integration will help advisors using Sawtooth’s TAMP platform to get a realistic valuation of business assets of clients and offer them wealth planning and investment advice quickly.
BizEquity CEO Michael Carter said: "With the advent of the new DOL fiduciary ruling and increasing pressures from robo-advisors, now more than ever the over 400,000 financial advisors in the U.S will need to arm themselves with more value added solutions for their clients. We are proud to work with Sawtooth to democratize the biggest prospecting and client retention data financial advisors and wealth managers could know."
Sawtooth CEO Brad Pries said: We are excited to play a key role in the financial advisor’s evolution and are committed to continue enhancing our wealth management platform as demonstrated by our partnership with BizEquity, who are on a mission to democratise business valuation knowledge and help financial advisors enhance their service offering and prospect better in a digital age.”
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