WealthTouch, an independent financial reporting platform for ultra-high net worth families, family offices and advisers, has received USD11m in capital from private investors.
The majority of the investment comes from ultra-high net worth families using the WealthTouch reporting platform, which aggregates all their assets and expenses into a web-based dashboard.
“The capital raise and landmark deals we have underway will make us by far the largest player in our space,” says Norman Jones, chief executive of WealthTouch. “Our dramatic growth over the years reflects the unique understanding the company has regarding the needs of ultra-high net worth families and their advisors. Constant refinement of WealthTouch’s reporting platform by listening to our clients’ needs is the key to understanding our growth and the retention and expansion of our client base.”
Most recently, WealthTouch has appointed investors to its board of directors and has recruited industry leaders to its team of executives. Assets under management have grown significantly over the past 18 months, and fourth quarter results have demonstrated a 25 per cent increase in assets under reporting as the company surpassed the USD15bn milestone.
"WealthTouch provides a powerful solution for managing the complexity and variety of high net worth portfolios that is unmatched in the industry. The platform combines a secure, user-friendly online interface with detailed, accurate portfolio information to provide managers and their clients with anytime access to critical information that they can trust. With their recent capital raise, additions to the board, and their increased staffing, WealthTouch is solidifying itself as the clear industry leader," says Charlie Willhoit, president of IWP Wealth Management.
