Wealth Access, a Nashville, TN-based high net worth personal financial management platform for financial advisors, received an investment from Cultivation Capital.
The amount of the deal was not disclosed. In conjunction with the funding, Cultivation Capital General Partner, Rick Holton, joined Wealth Access’ Board of Directors.
Led by David Benskin, CEO and Founder, Wealth Access is a wealth management technology firm that provides reporting solutions for the high net worth advisor and investor community. Its proprietary and diagnostic cloud-based platform aggregates information from more than 20,000 financial services institutions and various holdings to deliver an aggregated view, allowing for decision support in investments, tax planning, insurance and other complex situations faced by high net worth individuals.
The company, which is backed by Black Diamond Performance Reporting, Investment Scorecard, Square, Cultivation Capital, Cap Gemini and other wealth management technology platforms, also announced today the availability of a new reporting system for its limited partner investors to be able to receive up to date, transparent reporting for their private equity investments through Wealth Access’s most recent fund reporting release.
Powered by its aggregation capabilities, and new fund reporting system, Cultivation Capital will provide a detailed view of investors’ complete holdings in addition to most recent portfolio company’s valuation. Limited partners of Cultivation Capital will also receive tax documents such as K-1’s electronically.
FinSMEs
15/08/2014