Lighthouse Wealth Tech Labs, a solutions incubator by the founders of Beacon Strategies, partnered with Surge Ventures, the SaaS venture studio, to focus on providing financial advisors with scalable, tech-enabled solutions for organic growth, client acquisition and business efficiency.
“Our mission is to help financial professionals elevate their practices without the need to become technology experts,” said Chip Kispert, Founding Partner of Lighthouse and Beacon. “Through this partnership with Surge Ventures, we will accelerate innovation and bring new, adaptable solutions to market that align with advisors’ business goals.”
Lighthouse Wealth Tech Labs aims to solve challenges that limit financial professionals’ ability to build and scale their practices.
Surge Ventures recently launched Surge Labs as an incubator program designed to provide early-stage wealthtech startups with resources, mentorship and access to investors. With this partnership, Lighthouse intends to leverage Surge Labs’ ecosystem to produce tools for the wealth management space.
“Lighthouse is an ideal partner for Surge Labs,” said Sid Yenamandra, Founder and CEO of Surge Ventures. “By working together, we can fuel the next generation of solutions that will not only meet the immediate needs of wealth management but also position advisers for future success.”
Beacon Strategies provides consulting services, operational insights and vendor management services.
Surge Ventures co-founds and invests in wealthtech start-ups that address data and privacy needs for wealth management firms and other financial services businesses.
In April, Surge Ventures launched a data integration platform through its acquisition of Kovair Software. Yenamandra is the author of WSR’s Regtech Surge column.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at mmadden@wealthsolutionsreport.com.
