About Truelytics

Truelytics provides an Advisor Transition Management Platform that utilizes data analytics to help wealth management and insurance firms streamline the recruitment, succession planning, and practice management processes. By offering real-time benchmarking and performance metrics, the platform enables enterprises to reduce transition costs and enhance business growth.

```xml <problem> Wealth management and insurance firms face challenges in efficiently managing advisor transitions, including recruitment, succession planning, and practice management. Traditional methods often lack comprehensive data and real-time insights, leading to increased transition costs and hindering business growth. </problem> <solution> Truelytics offers an Advisor Transition Management Platform that leverages data analytics to streamline key processes for wealth management and insurance firms. The platform provides real-time benchmarking and performance metrics, enabling enterprises to make data-driven decisions throughout the advisor lifecycle. By offering tools for recruitment, practice management, and succession planning, Truelytics helps firms attract, grow, and retain advisory businesses. The platform's data-driven approach facilitates cost reduction during transitions and enhances overall business performance. Truelytics delivers insights through its TruePerformance, TrueContinuity, and TrueMatch applications, providing a comprehensive solution for managing advisor relationships and transitions. </solution> <features> - **TruePerformance:** Provides indices and KPIs for practice management and transitional moments, creating a business health record. - **TrueContinuity:** Offers an Emergency Continuity Locker for unplanned succession events, ensuring business continuity. - **TrueMatch:** Facilitates matchmaking between enterprises and advisory firms for planned succession or growth through M&A. - **Data & Benchmarking:** Delivers real-time data and benchmarking against a large sample of firms, updated more frequently than traditional methods. - **Enterprise Functionality:** Designed to scale across all stages of a financial advisor’s business lifecycle, supporting recruiting, practice management, and succession programs. - **Security:** Ensures the security of continuity assets in one location. - **Peer Benchmark Calculator:** Allows firms to benchmark against peers across areas like net revenue, number of households, and average client age. </features> <target_audience> The platform is designed for independent broker-dealers, custodians, asset managers, OSJs, and multi-office RIAs, as well as independent advisors and RIAs. </target_audience> ```

What does Truelytics do?

Where is Truelytics located?

Truelytics is based in Austin, United States.

When was Truelytics founded?

Truelytics was founded in 2016.

Location

Austin, United States

Founded

2016

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Truelytics

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Executive Summary

truelytics.com

Founded 2016 – Austin, United States

Funding

No funding information available.

Team

No team information available.

Company Description

Problem

Wealth management and insurance firms face challenges in efficiently managing advisor transitions, including recruitment, succession planning, and practice management. Traditional methods often lack comprehensive data and real-time insights, leading to increased transition costs and hindering business growth.

Solution

Truelytics offers an Advisor Transition Management Platform that leverages data analytics to streamline key processes for wealth management and insurance firms. The platform provides real-time benchmarking and performance metrics, enabling enterprises to make data-driven decisions throughout the advisor lifecycle. By offering tools for recruitment, practice management, and succession planning, Truelytics helps firms attract, grow, and retain advisory businesses. The platform's data-driven approach facilitates cost reduction during transitions and enhances overall business performance. Truelytics delivers insights through its TruePerformance, TrueContinuity, and TrueMatch applications, providing a comprehensive solution for managing advisor relationships and transitions.

Features

TruePerformance: Provides indices and KPIs for practice management and transitional moments, creating a business health record.

TrueContinuity: Offers an Emergency Continuity Locker for unplanned succession events, ensuring business continuity.

TrueMatch: Facilitates matchmaking between enterprises and advisory firms for planned succession or growth through M&A.

Data & Benchmarking: Delivers real-time data and benchmarking against a large sample of firms, updated more frequently than traditional methods.

Enterprise Functionality: Designed to scale across all stages of a financial advisor’s business lifecycle, supporting recruiting, practice management, and succession programs.

Security: Ensures the security of continuity assets in one location.

Peer Benchmark Calculator: Allows firms to benchmark against peers across areas like net revenue, number of households, and average client age.

Target Audience

The platform is designed for independent broker-dealers, custodians, asset managers, OSJs, and multi-office RIAs, as well as independent advisors and RIAs.