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BizEquity Forges Strategic Partnership with Sawtooth Solutions


Cloud-based business-valuation specialist BizEquity has inked a strategic partnership that will bring its prospecting and valuation-as-a-service technology, Advisor Office, to the wealth management platform of Sawtooth Solutions.

“With the advent of the new DOL fiduciary ruling, and increasing pressures from robo-advisers, now more than ever the more than 400,000 financial advisers in the U.S. will need to arm themselves with more value-added solutions for their clients,” says Michael Carter, BizEquity CEO.

Brad Pries, Sawtooth, CEO, added that the challenges that wealth managers face from regulations and roboadvisers alike may actually represent “significant growth opportunities for those financial advisers willing to embrace technology to offer comprehensive, integrated, holistic financial advice.”


Left to right: Semyon Fishman, VP engineering, and CEO Mike Carter demonstrated BizEquity One UK at FinovateEurope 2015 in London.

Launched last fall, Advisor Office will enable wealth managers using Sawtooth’s TAMP platform to get an accurate valuation of business assets when providing business owners with wealth management and investment advice. The solution uses big data to determine whether companies are over or under-insured, for example, as well as analyzing cash flow, assets, revenue, and other metrics. Advisor Office can also serve as a prospecting and engagement platform by helping wealth managers capture and convert leads on potential new clients, while providing new offers to current clients.

Founded in 2010 and headquartered in Wayne, Pennsylvania—and Tower Hamlets in London—BizEquity demonstrated its valuation-as-a-service solution, BizEquity One UK, at FinovateEurope 2015. The company took home top honors at the Bank Director’s FinXTech Awards in March 2016, one month after unveiling the Smarter Prospecting feature of its Advisor Office platform. Last fall, BizEquity announced that its partnership with fellow Finovate alum Envestnet would bring its Advisor Office solution to more than 42,000 new adviser clients.