Former InvestCloud and Envestnet executives launch Singularity Financial Partners, an RIA operating company
The firm, founded in February, says it takes ownership through capital, operating work or both, with pay tied to each firm's results.
At a glance
Former InvestCloud and Envestnet executives have launched Singularity Financial Partners, an RIA operating company that says it takes ownership in advisory firms through capital, operating work or both.
Under that structure, Singularity says it collects when a firm's results produce a valuation event, not when a contract is delivered.
The company has not named an advisory firm holding, said how much capital it has to deploy, or described how compensation is calculated.
Former InvestCloud and Envestnet executives have launched Singularity Financial Partners, an RIA operating company that says it takes ownership in advisory firms through capital, operating work or both.
Singularity was founded in February, and an office opening is dated Oct. 9 in our deal log.
Equity instead of a license fee
Under that structure, Singularity says it collects when a firm's results produce a valuation event, not when a contract is delivered.
The company has not named an advisory firm holding, said how much capital it has to deploy, or described how compensation is calculated.
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