Conshohocken-based WealthHub Solutions, the leading provider of fiduciary management software, announced recently that it has completed a financing round of $1.6 million, from individual investors and institutions including Rittenhouse Ventures and Ben Franklin Technology Partners. WealthHub will use the financing to accelerate its continuing growth and expand product development.
“WealthHub’s solution for administering high net worth relationships fills a vital hole in the wealth management technology market,” said Bruce Luehrs, Managing Partner at Rittenhouse Ventures. “We believe WealthHub has a significant and exciting opportunity in helping trust companies and family offices operate more efficiently and look forward to being involved in their continued growth.”
WealthHub is a industry specific customer relationship management application serving trust companies and family offices. Its cloud-based system automates the daily activities of trust officers and other fiduciary managers while providing data aggregation, integration with accounting systems, and management and client reporting. It serves as segment of the wealth management market—trust companies and family offices—that has not had access to the automation tools that are readily available to financial advisors and bankers.
“We are delighted to welcome our new partners,” said WealthHub CEO Jim Marks. “It is valuable and gratifying to have the participation of investors with long and successful experience in financial technology investing. Equally exciting is having multiple ex-bank CEOS participating as individuals that recognize the value and potential of the WealthHub platform.”
WealthHub Solutions was founded by Antony Joffe, a Conshohocken resident. Joffe is the President of Sterling Trustees.