AdvisorEngine

AdvisorEngine operates as a wholly-owned, independent subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization known as Franklin Templeton. The firm originated as Vanare in 2014, founded by Rich Cancro, David Scalzo, Lex Sokolin, and Vladimir Baranov. Rich Cancro, the current CEO, brought over two decades of experience from roles at Bank of America Merrill Lynch, J.P. Morgan, and Bear Stearns. Vladimir Baranov, a founder, previously served as CTO at NestEgg Wealth and held positions at major financial firms like Citigroup and Deutsche Bank.

The company's trajectory includes several key milestones. In 2016, then known as Vanare, it secured a $20 million Series A investment from WisdomTree Investments. This was followed by acquisitions of the technology assets of Wealthminder in 2017 and the notable CRM platform Junxure in 2018. By January 2018, the company had raised an additional $30 million in a Series B round led by WisdomTree. In a significant development, Franklin Templeton acquired AdvisorEngine in May 2020, though the terms of the deal were not disclosed. Post-acquisition, AdvisorEngine's leadership team remained in place to continue operating the business.

AdvisorEngine provides a comprehensive wealth management platform for financial advisors, serving a diverse client base that includes Registered Investment Advisors (RIAs), broker-dealers, banks, and insurance companies. In 2020, it was reported to serve over 1,200 advisory firms that managed more than $600 billion in assets. The company's business model centers on providing an open-architecture technology platform that integrates various essential functions for financial advisors. The platform is designed to be highly configurable and can be white-labeled, allowing firms to maintain their branding.

The firm's core product is a financial experience platform that unifies advisor experience (AX), business operations experience (BX), and client experience (CX). Its capabilities span a wide range of advisor needs, including a proprietary CRM (rebranded from Junxure), portfolio management and construction, performance reporting, trading and rebalancing, fee billing, and digital client onboarding. The platform also features a client portal with a document vault, goals-based financial planning tools, and analytics. Through its partnership with Franklin Templeton, AdvisorEngine offers access to investment model portfolios developed by the Franklin Templeton Investment Solutions team. Recent enhancements include the integration of AI-powered notetaking tools and expanded data connectivity.

Keywords: wealth management platform, financial advisor technology, RIA technology, broker-dealer solutions, digital wealth management, client relationship management, CRM for advisors, portfolio management software, performance reporting, financial planning tools, digital onboarding, rebalancing software, Junxure, Vanare, Rich Cancro, Franklin Templeton, investment models, open architecture fintech, advisor experience, client portal, business intelligence for advisors, goals-based planning, practice management