Harness Wealth, a financial technology company specializing in tax planning and wealth management, has recently secured $17 million in funding to further develop its platform and expand its services. The funding round was led by Jackson Square Ventures, with participation from existing investors including Bain Capital Ventures, Sinai Ventures, and Torch Capital.
Harness Wealth was founded in 2018 by David Snider and Katie Prentke English with the goal of providing personalized financial advice and guidance to high-net-worth individuals and families. The platform utilizes a combination of technology and human expertise to help clients optimize their tax strategies, manage their investments, and plan for their financial future.
One of the key features of Harness Wealth is its focus on tax planning, which is often overlooked by traditional wealth management firms. By analyzing a client’s financial situation and goals, the platform can identify opportunities to minimize tax liabilities and maximize returns. This can include strategies such as tax-loss harvesting, charitable giving, and estate planning.
In addition to tax planning, Harness Wealth also offers a range of wealth management services, including investment management, retirement planning, and insurance analysis. Clients have access to a team of experienced financial advisors who can provide personalized recommendations and guidance based on their individual needs and goals.
The $17 million in funding will allow Harness Wealth to further enhance its platform and expand its reach to more clients. The company plans to invest in technology development, hiring additional talent, and increasing marketing efforts to raise awareness of its services.
“We are thrilled to have the support of our investors as we continue to grow and evolve our platform,” said David Snider, co-founder and CEO of Harness Wealth. “Our mission is to empower individuals and families to make informed financial decisions that will help them achieve their long-term goals. This funding will enable us to further develop our technology and expand our services to reach even more clients.”
Overall, the funding secured by Harness Wealth is a testament to the growing demand for personalized financial advice and guidance in today’s complex financial landscape. With its focus on tax planning and wealth management, the platform is well-positioned to help high-net-worth individuals navigate their financial journey and achieve their financial goals.
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