Wealthspire Advisors, an independent investment advisor, today announced the launch of Wealthspire Pathways, a digital wealth management solution that combines the firm’s traditional focus on financial planning and client service with an automated technology platform. Wealthspire Advisors’ goal in launching Pathways is to bring professional financial planning and investment management services to a broader group of clients, including those who are accustomed to using online interfaces.
One of the biggest differentiators between Pathways and standard “robo-advisor” platforms is that clients have access to a dedicated Certified Financial Planner (CFP®). Advisors specializing in the platform will work with clients to develop a personalized financial plan based on the client’s unique situation and goals. The plan will be updated annually or when major life events occur.
“Our decision to center Wealthspire Pathways relationships around dedicated advisors rather than a call center structure was intentional,” said Wealthspire Advisors CEO, Mike LaMena. “This structure helps us maintain our high standard of care across all clients and offerings. Over time, we expect many Pathways clients to transition to our more traditional service model. We want their experience to be consistent and seamless.”
Wealthspire Pathways leverages Schwab’s automated investment management platform, but with the firm’s investment team ultimately making investment selections for clients based on each one’s risk profile. Clients complete an online questionnaire so they can be matched with one of Wealthspire Advisors’ preferred portfolios. The portfolio choice is then confirmed as appropriate through the firm’s personalized planning process.
“We believe there is value in a centralized investment function with a point of view,” said Wealthspire Advisors Deputy Chief Investment Officer, Dmitriy Katsnelson. “While we will have preferred portfolios for our Pathways clients, the investment team will actively monitor and adjust portfolios to each client’s needs.”
About Wealthspire Advisors
Wealthspire Advisors is a New York City-based independent registered investment advisory firm with more than 120 associates serving clients from 11 offices in 7 states. With a strong commitment to a fiduciary business model, the firm grows and preserves wealth through thoughtful and disciplined strategies that focus on what’s most important to each client. Wealthspire Advisors acts as a wealth manager, investment advisor, consultant, and constant partner in helping clients achieve their goals. For more information on Wealthspire Advisors, please visit www.wealthspire.com.
Wealthspire Advisors is the common brand and trade name used by Sontag Advisory LLC and Wealthspire Advisors, LP, separate registered investment advisers and subsidiary companies of NFP Corp.
Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®, Certified Financial Planner™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.