Strategy

Advizr Closes Large Financing Round

Eliane Chavagnon Editor - Family Wealth Report September 18, 2015

Advizr Closes Large Financing Round

The new round of funding brings Advizr’s total raise to-date to $2.6 million. The firm currently works with over 100 RIAs.

Advizr, the New York-based automated financial planning application for advisors, has closed a financing round of $1.74 million and added to its advisory board and investor roster.

The new funds will allow the company to accelerate its acquisitions of new RIAs and financial institutions that are looking to segment their businesses, the firm said.

Advizr has added the following to its investor list and advisory board team: Steve Lockshin, founder of AdvicePeriod and co-founder of Fortigent; Andy Putterman, partner at 1812 Park and previous CEO and co-founder of Fortigent; Marty Bicknell, CEO of Mariner Holdings; Ann Kaplan, a partner at Circle Wealth Management and an early investor and previous chairman of the board of Learnvest; John Chrin, a partner at Circle Wealth Management and early investor at Learnvest; Aron Miodownick, a partner at Cambrian Consulting; and Brett Danko, president at Main Street Financial Solutions and Fenway Summer Ventures.

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