Trillions are at stake in the retirement wars, and Vise nets $14.5 M from Sequoia to handle it

Trillions are at stake in the retirement wars, and Vise nets $14.5 M from Sequoia to handle it

The retirement wars are warming up. As countless child boomers leave their tasks in the coming years and transition into retirement, there is a substantial competition for who will handle their cost savings. On one hand are standard wealth managers, firms like Edward Jones, who either employ full-time human monetary consultants or empower independent professionals […] Vise’s platform. Picture courtesy of Vise. Instead, Vise intends to be a one-stop store for all the requirements in the day-to-day workflow of an investment consultant. In their views, Vasavada and Mehrotra see the wealth advisory market dividing into several containers, with independent wealth consultants who target $500,000 to $2 million in properties per customer as the sweet area for Vise. Eventually, Vise is a pure B2B play, and the founders desire to keep that focus into the future….