Wealthminder

History

Wealthminder was founded in 2012 by Saba co-founder Rich Ellinger and is headquartered in McLean, VA.

Initially started as a tool to help self-directed individual investors create a financial plan and get investment advice, Wealthminder pivoted in 2015 to providing tools and services to help individual investors and financial advisors find each other and work together more effectively.

Its mission is to enable the 108 million households in the US with less than $500K in investable assets to obtain competent financial advice.

Wealthminder's board includes angel investor and serial entrepreneur Bobby Yazdani.

Its advisory board includes financial planner, author and founder of the Garrett Planning Network, Sheryl Garrett, as well as president of Impact Communications Marie Swift.

Practice Management Software

Wealthminder's financial planning and practice management software enables clients to enter data about their goals, existing assets, future savings and willingness to accept risk. It then helps financial advisors create a financial plan and set of recommendations / advice for their client. Clients have online access to their plan and both parties can monitor process against the plan.

Advisor Marketplace

Wealthminder also provides a directory of information about financial advisors on its site to enable consumers to research and compare financial advisors. In addition, it allows consumers to request proposals from the fee-only fiduciary advisors that participate in its network.

Investment and Finances

Wealthminder raised a $1.45M seed round in May 2015. Notable investors include venture capital firms Signatures Capital and Geenvisor Capital.