Wealthbox Secures $200M Investment From Sixth Street Growth

Wealthbox, the top-rated customer relationship management (CRM) software platform for financial advisors, has recently finalized a significant agreement for a $200 million strategic majority investment from Sixth Street Growth, a division of leading global investment firm Sixth Street. This partnership represents a pivotal moment for Wealthbox, allowing the company to further expand its operations, hasten product development, and broaden its presence in the wealth management sector. The investment from Sixth Street Growth reflects the firm's confidence in Wealthbox's management, its modern product, and a forward-thinking plan that includes the creation and implementation of innovative AI features designed to enhance advisor productivity and overall efficiency.

Wealthbox plans to use the investment to accelerate product development, enhance integrations across the advisor tech stack, and bolster its enterprise capabilities to cater to the needs of increasingly complex advisory firms. The company's existing investor, Frontier Growth, will maintain its position by rolling over a substantial portion of its equity into the recapitalization. Wealthbox will continue to operate under its current leadership team, with management also reinvesting significantly, reaffirming their long-term commitment to the business and its future. With this investment, Michael McGinn, Paul Dodd, and Alex Goodman from Sixth Street Growth will join Wealthbox's Board of Directors.

Wealthbox, owned by Starburst Labs, Inc., is a leading CRM platform for financial advisors, renowned for its user-friendly design, robust features, and seamless integrations. Sixth Street Growth, the investment platform of Sixth Street, focuses on investments in mid- and late-stage technology companies, partnering with founders and management teams to provide capital solutions for growth. Sixth Street has invested over $10 billion in more than 70 companies through its Growth franchise since its inception.