Coming Together to Masterfully Accommodate the Wealth Management Needs of Today

The Founders Arena WealthTech Accelerator, along with First Rate, Inc., SEI®, Republic Capital Group, the City of Arlington and the Arlington Economic Development Corporation, has officially announced the next cohort of companies that are set to join its second global accelerator. According to certain reports, the stated accelerator program, which will last for 12 weeks, is designed to help early- to growth-stage WealthTech founders in scaling their revenue and go-to-market efforts. Hence, all the selected companies can arrive expecting to access mentorship, strategic partnerships, and direct engagement with leading financial institutions through highly curated in-person and virtual “VIP Days”. Having touched on the initial details, we now must turn our focus towards the companies that are actually picked for this initiative. For starters, we have Bento Engine, which happens to be focused on finding an effective mix of technology and impactful wealth management advice. To achieve the same, the Connecticut-based company leverages powerful Advice Engine, a Proprietary Content Library and timing expertise to make Financial Advisors more impactful and more efficient. Next up, we have Caribou Wealth. As a non-commissioned healthcare planning company, Caribou works exclusively with financial advisors and their clients to plan for current and future healthcare costs, creating comprehensive, holistic, and accurate financial blueprints in the process.

“Our second cohort represents the forefront of WealthTech innovation, with solutions that promise to reshape the industry’s future. As society approaches the largest intergenerational transfer of wealth in history, the wealth management industry must evolve to meet the digital-first preferences of newer generations. These startups are at the helm of this transformation,” said Pamela Cytron, President of The Founders Arena.

Moving on, the cohort in question will also see participation from Vancouver, British Columbia-based Responsive AI. This one brings to the fore a hybrid wealth advisor solution for banks and private managers. In practice, the same involves performing behavioral data analysis to identify and act on client opportunities, along with risks, and therefore, generate better productivity and engagement. Testimonial IQ from Denver is also joining the cohort to bring its fully compliant marketing validation platform, which is tailored to help financial advisors generate client testimonials, enhance their digital presence, and effectively accelerate growth. Not just that, the platform even makes a point to streamline the entire process, right from gathering reviews to sharing them publicly on sites like Google Reviews, with built-in disclosures and compliance oversight. Going along this company would be the player behind world’s first estate operations platform, Trustate. In case you weren’t aware, Trustate automates the tedious tasks associated with trust funding and estate/trust administrations. By doing so, it saves professionals countless hours of non-billable time, enabling them to focus on what matters the most i.e. their clients. The last member of Founders Arena’s cohort is upSWOT, which puts on the offer a white-label embedded finance and business management platform designed to uncover key data driven insights for relationship managers. This data insights platform allows small and mid-size businesses to connect their accounting, ERP, payroll, eCommerce, marketing, CRM, and other apps to get accurate cash flow forecasts, credit score boost, and business valuation tools. Complimenting the same is company’s ability to conceive actionable insights that, on their part, can enhance the digital wealth offerings for the final consumer.

“The global wealth management landscape is ripe for innovation, and The Founders Arena WealthTech Accelerator has demonstrated an ability to identify and grow the next generation of companies that can transform WealthTech,” said Sneha Shah, Head of New Business Ventures at SEI. “We’re excited to build brave futuresSM and continue building meaningful connections between financial institutions and the program’s startups.”