Aquilance

Cash flow management often takes a back seat to investment strategies; but for ultra-high-net-worth clients, it’s the foundation of successful financial planning.    In a new article for ThinkAdvisor, John Carey reveals that only 10% of families with over $50 million in liquid assets know their annual spending rate. This lack of visibility can lead to liquidity challenges, especially when it comes to major expenditures like estate taxes or private investments.    As complexity in wealth management grows, understanding client spending is more critical than ever; at Aquilance, this is exactly what we help clients and their trusted advisors accomplish.   #UHNW #FinancialPlanning #WealthTech #EstatePlanning   https://lnkd.in/eGtu935m 

Thrilled to share a great story with WealthManagement.com, detailing Kevin Reed coming on board as our new Chief Revenue Officer!   Aquilance is at a pivotal point as a company. We have seen tremendous growth and the services we offer for UHNW families, as well as their trusted advisors, have become essential. We’re excited to empower clients and their advisors with the information they need, such as personal financial statements, multi-entity financial reports, cash-flow analysis, and others, at scale.   Thanks to Diana Britton for your time. #WealthManagement #UHNW #BillPay #WealthTech   https://lnkd.in/e7WXBsgC

If you are a HNW family, are you really getting a comprehensive suite of financial planning guidance from your advisor?   John Carey recently spoke with karen demasters of Financial Advisor Magazine to discuss the disconnect between what advisors claim to offer and what is actually received. While many advisors promise a holistic approach, they often focus mostly on investment management, leaving other critical areas—like estate and tax planning—out of scope.   To offer true comprehensive planning, advisors need to integrate more banking technology into their wealth management considerations. Check out the link below for John’s thoughts on why this disconnect in the industry is happening, and what’s being done about it.   https://lnkd.in/emrsixTn

Welcome to the team, Craig Setera!   Craig joins Aquilance as our first CTO, and brings an extensive background in software development, IT, and product management. His experience will be invaluable as we continue to grow our technological capabilities, which better serve our client base of HNW families and family offices.   Check out more in Craig's bio on our team page. https://lnkd.in/gpUjVhBX

Lots of exciting plans ahead for Aquilance! To help shed some light on what’s to come, John Carey recently sat down with Michael Thrasher of Institutional Investor, to discuss Aquilance’s growing role in shaping personal financial management expectations for #HNW families and family offices.   Check out the link below for an in-depth look at why John joined Aquilance, the biggest gaps in wealth management right now, and the role that technology could play in improving them.   https://lnkd.in/ePSaFpzR

We are excited to share that Aquilance has been celebrated in Acclaim Magazine for our win in the prestigious Family Wealth Report Awards!   Aquilance is dedicated to empowering high-net-worth families and individuals with the clarity needed to make economic decisions that shape their financial legacies. This year, our standout improvements in client servicing and bill pay have been game-changers, leading to tremendous adoption as we expanded our client base.    This success would not be possible without our team, who average over 10 years of experience and proudly build long-standing relationships with clients. Their expertise and commitment to personalized service are the cornerstones of our success.   Looking ahead, Aquilance will continue our ongoing investment in technology and talent. Our devotion to white-glove service ensures we remain at the forefront of the industry. https://lnkd.in/eww8AbGD

Exciting news from Aquilance! We are looking to hire our first-ever Chief Revenue Officer.   This comes amid significant expansion for us, and brings an opportunity for the right candidate to play a leading role in reimagining financial administration solutions for wealthy individuals and their families. We are truly at a pivotal point in the wealth tech industry, and we have big plans for growing our position in it.   More details about the role, our expectations, and what we are looking for can be found in the link below. All interested parties should feel free to apply directly, and can contact info@aquilance.com for more information. https://lnkd.in/eQ6f8P89

On June 26th the Larry Kraus Family Office Tax & Tech-NEW-logy Institute presented a program on Ransomware: What Family Offices Need To Know, If And When Data Is Compromised. The moderator was Tony Gebely, CEO of Annapurna Cybersecurity Advisors. Tony interviewed David Sun, CISSP, CCE, EnCE who leads the cybersecurity incident response and computer forensic services for CohnReznick and Annmarie Giblin, Partner in the Global Cybersecurity and Privacy Group at Norton Rose Fulbright. The video and podcast from this program can now be viewed on https://lnkd.in/dwhJaq-n Thank you Aquilance Norton Rose Fulbright and CohnReznick LLP for hosting a cocktail party with the panelists and moderator. #familyoffice #cyber #security #ransomware

College athletes drive millions in ticket and merchandise sales every year, but until recently, only the 5% who went pro could profit. Yet, thanks to a 2021 Supreme Court ruling, these athletes can now reap the financial rewards of their Name, Image, and Likeness (NIL). But how can they navigate the many financial complexities that come with this change?   In a co-authored byline with Debbie Spander, Joe Farren discusses the financial challenges of NIL in a new article for Sports Business Journal. While the big numbers may seem exciting to young athletes, it's critical to remember that what is received is far less than what is earned, due to taxes, commissions, and other fees. Plus, athletes need to be cautious developing their profile as wealth is often well-reported and can attract those with ill intentions.    This is why it's more important than ever to work with trusted advisors who can ensure your best long-term interests are prioritized. After all, managing newfound wealth is as important as earning it.   #NIL #StudentAthletes #SportsBusiness https://lnkd.in/e58Ss_-t

We are thrilled to welcome John Carey as the new CEO of Aquilance!   John brings significant expertise in creating digital technology solutions that improve the wealth management and financial services industry. Before joining Aquilance, he served as Head of Consumer Experiences for Envestnet, GM of Wealth Management for Harvest Savings & Wealth Technologies, and Chief Operating Officer for FolioDynamix.   This marks an exciting new chapter for our firm, and we look to forward to sharing many new product and service enhancements for our HNW clients in the coming months.   Please read more on today’s announcement below. https://lnkd.in/eTYZu24M