Chattanooga, Tenn.-based WealthTech solutions provider ProNvest announced today it has rebranded as Future Capital.
The firm, which specializes in personalized services for workplace defined contribution retirement plan participants, said in a statement the name change reflects its focus on empowering advisors and investors with advanced digital tools, customized 401(k) managed account solutions, and essential personalized guidance to make well-informed decisions regarding their retirement assets.
“At Future Capital, we understand the importance of financial advisors in empowering individuals to achieve their retirement goals,” said Future Capital founder and CEO Jay Jumper. “While 72% of Americans have retirement accounts, because of regulatory and technical obstacles, the vast majority of advisors can’t help their clients manage their 401(k) accounts. We bridge these gaps by connecting advisors, employers, and participants to the tools, services, and professional guidance they need to help participants achieve their long-term financial goals.”
With a 20-year history as a leading managed account provider, Future Capital equips financial advisors with the tools to effectively engage participants on a large scale through personalized coaching and education services within a goals-based framework. Recognizing the industry’s growing demand and the importance of assisting advisors in managing held-away 401(k) assets, Future Capital has forged strong partnerships with major broker-dealers. By acting as a referral partner, Future Capital facilitates access to participant’s external assets, creating new revenue opportunities for advisors to organically expand their wealth management businesses. These strategic collaborations enable advisors to effectively handle held-away 401(k) assets and provide comprehensive financial solutions to a broader range of clients.
“Everyone who’s willing to work and save deserves to retire with confidence,” Jumper added. “Alongside our advisor partners, we help every workplace plan participant—regardless of job title or account balance—to become a true investor able to make informed decisions as they navigate the complexities of long-term financial planning. Importantly, we’re able to do so without burdening advisory firms with heavy technology lifts, fiduciary and compliance obligations, or the need to add staff and fixed costs.”
SEE ALSO:
• Plan Advisor Portal Launched to Expand View of Total Participant Assets
• Sanctuary Wealth Partners with Pontera for Held-Away Accounts Support
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
