RICHMOND, VA and PHILADELPHIA, PA--(Marketwired - Oct 1, 2015) -  Wealthcare Capital Management (, a nationally recognized wealth management firm today announced its continued growth and the launch of its Mid-Atlantic regional headquarters, in West Chester, PA. The new location will enable Wealthcare to capitalize on both the continuing demand for its offerings and the overwhelming market opportunity for traditional, strategic investment counsel. 

Wealthcare Capital provides goals-based advice on over $700B in assets under administration through its enterprise model and another $1.5B in AUM through its exclusive independent advisor network. Creator of the original goals-based investment methodology, invented more than 15 years ago and for which the firm holds 12 patents, Wealthcare Capital provides a full suite of practice-management solutions and support services.

The Firm reported that as of August 2015, more than 30,000 financial advisors nationwide currently utilize its industry leading software, Financeware.

"Wealthcare works with a network of over 30,000 of our Nation's top financial advisors," explained Wealthcare Capital Management Chairman, Len Reinhart. "What's common to all is the recognition of the value of goals-based investing for the clients they serve. Today's clients are demanding advisor relationships that help them envision their financial futures and drive better decision-making, to make the most of their resources and live their best lives. Wealthcare Capital empowers its enterprise and advisor clientele with the resources to provide the investment expertise and services to properly serve their customers."

Wealthcare Partners offers a unique open-environment work center and unparalleled technology support system to entrepreneurial wealth advisors. Further, unlike other financial management firms, Wealthcare has both a proven next-generation technology platform and a team of expert advisors recognized as the best in their industry using this solution to power goals-based investment advice, while reducing taxes and fees for clients.

"Every day in the press, we read more of the industry hype about robo-advising and how it's taking over the wealth management world. Our vision for accelerating Wealthcare's growth is becoming reality, as we expand our footprint and enhance the unique combination of goals-based advising and exclusive technology to power better results for clients," noted Former Division CEO of SunGard Financial Systems, current General Partner of private equity investor, NewSpring Holdings, and Wealthcare Board member, Jim Ashton.

According to a Spectrem study, on a scale of 1 to 100 (1 being low and 100 being high), wealthy investors rated their knowledge of robo advisers at 15.47, and only 6 percent said they have ever used one. Of that small group, only 47 percent of respondents say they were "satisfied with their robo advisor," compared with 85 percent of those who said they were satisfied with their traditional advisor. Research, conducted by management consulting firm A.T. Kearney, shows that 20 percent of "banked" consumers are even aware of robo-advisors, although just 3 percent of them actively use one.

Also of note, is that according to global wealth management analytics firm, Cerulli, consumers prefer tech-enabled, traditional advising to tech-only DIY models, which underscores the value of combining tech-enabled innovations with personalized financial advice. Further, the self-directed investor segment is shown as declining, not increasing, while households labeled "Advisor-reliant" are increasing.

"Wealthcare Capital stands alone," added Jim Ashton, "in its ability to provide the combination of reliable investment counsel and innovative technology. NewSpring believes that the firm is poised for significant growth in both the short and long term."

Wealthcare Capital Management was acquired by NewSpring Holdings LLC in 2013.

To learn more about Wealthcare, contact Len Reinhart, Executive Chairman.

Founded in 1999, Wealthcare Capital Management is the creator of the original goals-based investment methodology invented more than 15 years ago and holds 12 patents on this proven financial planning process. Driven by the belief that both advisors and investors deserve a better way to achieve their life dreams, we provide a full-suite of practice-management support services that empower advisors to achieve a fulfilling career, while giving investors an objective, personalized client experience. We back the entire process by our industry-leading software, Financeware, which more than 30,000 advisors use nationwide.

For additional information, please visit Follow us on Twitter @WealthcareWay.

NewSpring Holdings, LLC, based in Radnor, Penn., focuses on control buyouts and platform builds, targeting profitable, growing companies seeking a financial partner to better assist them in achieving their goals. NewSpring Holdings is part of NewSpring Capital, which collectively manages more than $1 billion of committed capital supporting more than 100 portfolio companies across its growth equity, control buyout and mezzanine debt strategies. NewSpring Capital combines deep operating knowledge with financial and investing expertise to provide growing companies the financial resources, advice, network of contacts and strategic partnerships necessary to be successful.

To learn more about NewSpring Capital, please visit

Contact Information:

Jeff Linka
Wealthcare Capital Management