RightCapital Inks Strategic Partnership with Financial Advisor Association

Financial and tax planning solution provider RightCapital has formed its third partnership in as many months this week. The Connecticut-based company announced that it has entered a strategic partnership with the non-profit, International Association of Registered Financial Consultants (IARFC). This will enable members of the financial services association to access RightCapital’s financial planning solutions at a 10% discount.

“We welcome RightCapital to our growing list of Association benefits. Their services are well grounded by the experience of their founders and a dedicated knowledgeable support team,” IARFC Strategic Alliance Team Member Randy Kriner said.

Designed for both independent advisors and advisor networks like IARFC, RightCapital’s technology gives financial planning professionals the tools they need to help clients plan and prepare for retirement, educational expenses for children, and insurance needs for their families. The company’s solution enables advisors to ensure their clients maximize Social Security benefits and make tax-efficient investment decisions. RightCapital’s offering also provides the kind of budgeting and debt analysis tools that help clients address their daily financial concerns.

The collaboration with the IARFC is only the latest partnership the company has forged in recent months. In October, RightCapital announced a strategic partnership with cloud-based advisory platform Advyzon, and inked an integration deal with SS&C’s Black Diamond Wealth Platform. The previous month, the company announced an integration with advisor technology platform Panoramix.

RightCapital has also made a commitment to the next generation of financial planning professionals. The company has provided its technology for free to students participating in the Personal Financial Planning (PFP) programs that are offered at many universities in the U.S., such as Texas Tech and Kansas State University. More than 20 universities are participating in the initiative, RightCapital reported in late August of this year.

“It’s deeply gratifying to know that we are making a difference,” RightCapital co-founder and CEO Shuang Chen said. “Providing the right educational tools to students pursuing their undergraduate degree in personal financial planning is essential to the future of financial planning.”

RightCapital demonstrated its API and enterprise solution at FinovateSpring earlier this year. Founded in 2015, the company has raised more than $8 million in funding from investors including Camellia Venture Capital.

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RightCapital Partners with Wealth Manager CircleBlack

Hot on the heels of its latest partnership announcements with advisor technology platform Capitect and Morningstar, Shelton, Connecticut’s RightCapital has another integration to celebrate, this time with wealth management platform, CircleBlack.

“We are excited to have RightCapital’s financial planning software integrated into CircleBlack,” company CEO John Michel said. “With our client app, held-away accounts added just once by the client push to RightCapital, giving advisors an incredible leg up in creating a full-picture plan.” Michel added that the integration among other things makes it easy for financial advisors to move back and forth between client portfolios on CircleBlack and their portfolios on RightCapital.

RightCapital provides financial and tax planning solutions to help advisors build holistic retirement plans for their clients. The technology leverages advanced Monte Carlo simulations, optimizes Social Security, and offers tax-efficient drawdown strategies and Roth conversions. RightCapital also helps users of its platform manage tax liabilities, budgets, and debt retirement strategies. Courtesy of the integration with CircleBlack, advisors will be able to automatically update client data and account values in RightCapital’s platform from CircleBlack.

“We are thrilled to partner with an innovative company like CircleBlack,” RightCapital CEO and co-founder Shuang Chen said. “RightCapital is committed to helping advisors grow their business, and our robust platform integration now enables advisors working with CircleBlack to deliver differentiated value to their clients.”

RightCapital was founded in 2015. The company demonstrated its API and enterprise solution at FinovateSpring last month. The technology enables financial management firms to deliver customized solutions that support and drive customer acquisition, education, and engagement.

In addition to its recent partnerships with Capitec and Morningstar, RightCapital announced that it had integrated with LPL Financial, an independent broker/dealer with 16,000 advisors in its network, in April; and partnered with Independent Financial Group in March.

RigthCapital has raised $8.6 million in funding. The company includes Camellia Venture Capital among its investors.

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