On Tuesday, Asset-Map, the favored visualization software program supplier introduced the agency had closed a $6 million Collection B funding spherical.
Headquartered in Philadelphia, Asset-Map, with a workforce of 40, has now raised $7.6 million in complete funding since inception.
H. Adam Holt, founder and CEO of Asset-Map, mentioned talks surrounding this newest spherical of funding had been an ongoing dialog since fall 2021.
“We checked out many suitors and enterprise companions,” mentioned Holt. “The positioning of Asset-Map continues to see plenty of consideration and lots of conversations stay ongoing.”
The software program supplier has a protracted checklist of integrations and partnerships, from Orion, to Black Diamond, Riskalyze, and Cetera, amongst others.
And the current Cetera announcement, final month, introduced Asset-Map’s visualization expertise to the group’s 8,000 impartial monetary professionals.
“We’ve grown our staff considerably within the gross sales, advertising and product engineering departments with this increase,” mentioned Holt. a number of vital partnerships on the horizon would require staffing as much as assist the amount of curiosity.”
With this newest financing, 41 household places of work, CEOs, wealth managers, companions and board members have joined RGAx and SixThirty on Asset-Map’s cap desk, as of December 2022, based on the corporate.
“Asset-Map has completed an incredible job capturing market share with minimal investments in advertising and gross sales,” mentioned Holt. “The viral nature of monetary professionals who share greatest practices has introduced in hundreds of the advisors who’ve adopted Asset-Map. Scaling that success is the driving force of the expansion fairness Collection B we simply accomplished. Alternatives to assist our non-U.S. initiatives and recommendation engagement improvements supported the transfer to double down on Asset-Map’s answer set.”
William Trout, director of wealth administration at Javelin Technique and Analysis, mentioned “the easy-to-deploy strategy offered by Asset-Map takes work off the plate of the consumer and the advisor.”
“It aligns nicely with the embrace of distant working fashions post-pandemic, in addition to demand for extra viscerally interesting monetary planning and reporting instruments that meet the expectations of youthful, extra digitally savvy buyers,” mentioned Trout.