Earned Wealth, a NYC-based tech-enabled financial services firm focused exclusively on the needs of medical professionals, raised $200M in funding.
The round was led by Summit Partners and Silversmith Capital Partners with participation from existing investors Juxtapose, Hudson Structured Capital Management, and Breyer Capital. Jeff Crisan, a Managing Partner at Silversmith, joined the Earned Board of Directors, along with Darren Black, a Managing Director at Summit Partners.
The company intends to use the funds to support expansion of its platform and offerings through product innovation and strategic acquisitions.
Led by John Clendening, Founder and CEO, Earned Wealth is a tech-enabled financial services firm exclusively for healthcare professionals and medical practices. The company uses a doctor’s career journey — from residency to buying into private practice to retirement — as a lens for its data-driven recommendations. Earned’s centralized, tech-forward approach maximizes doctors’ wealth cohesively and seamlessly, helping doctors earn more, invest smarter, and reduce risk. Because Earned understands the ins and outs of a doctor’s career, clients benefit from specially trained Certified Financial Planners™ and technology that plans and adjusts for changes throughout a doctor’s working life. The company also provides medical practice solutions including tax, accounting, payroll, retirement plan solutions.
In conjunction with the investment, Earned announced the acquisition of Thomas Doll, a provider of financial services to medical professionals and practices. It will help accelerate the combined company’s growth and expand the breadth of financial services offerings.
Today, Earned serves more than 3,000 clients, with over $2 billion in assets under management.
FinSMEs
12/07/2024