Council & Enhanced Tennessee Fund, LLC (C&E) is a Nashville-based investment partnership focused on building transformational companies in Tennessee, including seed and early-stage businesses, and has a generalist approach to investing. Council Capital and Enhanced Capital Partners established C&E to partner with entrepreneurs in pursuing innovative, high growth market opportunities. The management teams of each of our portfolio companies expect us to be actively engaged partners, and have access to the talents and resources of our broad network.

Council & Enhanced Tennessee Fund

Cultivation Capital is a venture capital firm that manages a family of funds focused on early-stage investing. Most of our initial investments are during a startup’s Seed or Series A phase, and our initial checks range from $500k – $3.5M. Our industries of focus include life sciences and health tech, software and IT, agriculture tech, and geospatial tech.

Cultivation Capital

SixThirty is a global venture capital fund that operates a go-to-market program for B2B FinTech, InsurTech & Cybser Security startups.  SixThirty invests in and helps grow between 8 - 12 early-stage (generally Seed - Series A) companies each year, providing funding, mentorship, and connections. Learn more about the SixThirty investment process at https://sixthirty.co/apply/. SixThirty's mission is to find the most innovative ideas in enterprise financial technology, insurance technology, and cyber security across the globe, and work with like-minded corporate investors and partners to mentor and grow them into great businesses.

SixThirty

Wealth Access

Wealth Access, a U.S.-based online wealth management technology platform, provides reporting solutions for the high net worth advisor and investor community. The platform comprises key beneficial features such as its easy to understand interface, advanced aggregation capabilities, management of over 20,000 data feeds from virtually every financial institution, and additional advanced reporting capabilities.  It was founded in 2011 and headquartered in Nashville, Tennessee.

Wealth Access provides financial advisors a private-labeled fully mobile digital interface. The company operates an Aggregation-as-a-Service (AaaS) business model, meaning it aggregates balance sheet data of clients from more than 20,000 institutions through multi-tiered data sources, including private investments. Integration with other advisor tools helps drive efficiency and scale in the advisor’s operations. Data analysis and business intelligence tools provide advisors the ability to better monitor client actions and identify additional business opportunities.

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

Wealth Access is a client portal and data aggregation platform designed to provide financial advisors and wealth managers with a consolidated view of their clients' financial accounts. The company's technology acts as a central hub, seamlessly integrating with various custodians, financial planning tools, and other systems behind the firm's firewalls. This creates a unified experience where advisors can access all client data through a single pane of glass.

Wealth Access: Customer Data Insights

What is Wealthtech? Technology Tools for Advisors and Wealth Management Firms

Providing AI-driven market intelligence and workflow automation to give firms an edge

Capital Markets Tech

Wealth Access Releases White Paper – Transforming Finance: How A.I. Meets New Generational Demands Ahead of ...

Wealth Access provides financial advisors a private-labeled fully mobile digital interface. The company operates an Aggregation-as-a-Service (AaaS) business model, meaning it aggregates balance sheet data of clients from more than 20,000 institutions through multi-tiered data sources, including private investments. Integration with other advisor tools helps drive efficiency and scale in the advisor’s operations. Data analysis and business intelligence tools provide advisors the ability to better monitor client actions and identify additional business opportunities.Key customers and partnershipsIn February 2024, Wealth Access <a href="https://sp-edge.com/updates/27218">partnered with Cetera Financial Group</a> to provide an integrated offering with access to a comprehensive view of a client's financial portfolio, including brokerage, trust, and digital banking data.

Ellevest is a hybrid investment management platform that specifically targets women, with an algorithm that takes into account gender-specific factors such as career breaks, longer life expectancy, and income differences.Ellevest currently offers services under three categories: Ellevest Essential (at a monthly fee of USD 1), Ellevest Plus (USD 5 per month), and Ellevest Executive (USD 9 per month). All three offerings include portfolio customization, banking services (spending and savings accounts), access to human advisors, and on-demand learning for subjects such as investing, career, and money. Ellevest Plus is more costly because it handles retirement accounts for clients. Meanwhile, Ellevest Executive handles both retirement accounts and investment management for multiple goals. The company also offers private wealth management services for clients who wish to invest USD 1 million or more through the platform. A dedicated advisor will work together with clients to create investment plans to meet their goals.Ellevest reported assets under management (AUM) of USD 1.4 billion as of December 2021, growing 44% during the year.In April 2022, Ellevest raised USD 53 million in Series B <a href="https://sp-edge.com/updates/9622?industryIds=28">funding </a>co-led by BMO and Contour Venture Partners. The company planned to use the funds to expand its product offering and provide personalized coaching.

Ellevest

ComposedPro is a digital investment advisor that handles clients’ investment accounts at their employers (such as employer-sponsored accounts) as well as private investment accounts, focusing on low cost Employer-Coordinated Portfolios. The company oversees USD 25 million in total assets over 181 customer accounts as of the company’s Q2 2020 filing. ComposedPro manages half of the company’s accounts on a discretionary basis, meaning an investment advisor has the discretion to make buy and sell decisions for a client’s account. ComposedPro also has 46 non-discretionary accounts totalling USD 7.9 million in assets. The average investment account size is USD 138,222 placed across exchangeable assets such as exchange-traded funds (ETFs), equities, bonds, and options.

ComposedPro

Guideline provides automated investment management services for employer-sponsored retirement accounts. The services also include plan set-up and administration, enrollment and education, recordkeeping, compliance with Retirement Income Security Act, and reporting.As of July 2023, Guideline had assets under management (AUM) of over USD 9 billion and over 350 employees. The company stated that it is the only provider that does not charge plan participants (i.e. employees) with any fees. Guideline charges the employers with a straightforward pricing of one flat fee per participant, in contrast to the asset-based fee model predominant in the industry (i.e. fee is charged on account balances). The standard service has a base fee of USD 49 per month and an additional USD 8 per participant. The standard service includes unlimited phone/email support to both plan participants and employers. For prime service, access to a dedicated account manager is available at a higher base fee of USD 129 and an additional fee of USD 8 per participant. In addition, the company stated that it has a low mutual fund expense ratio, at 0.08%. It purchases mutual funds from Vanguard and other fund providers.Funding and financialsIn June 2021, Guideline raised USD 200 million in funding led by General Atlantic. The company intends to utilize the funding to broaden its 401(k) offerings and introduce new retirement plan solutions.

Guideline

Based in Plano, Texas, AssetBuilder is a robo-advisory company that develops investment portfolios based on the Fama/French school of thought, using low-cost active index funds. It has Dimensional Fund Advisors (the eighth largest fund company in the world as of September 2019) as its funding partner. Human advisors are available to provide investing guidance. As of April 2019, the firm’s assets under management (AUM) amounted to USD 765.9 million. The firm’s business model relies on a fee-only structure, meaning a customer solely pays AssetBuilder to create and manage investments (the company does not receive product-specific commission). The minimum investment for AssetBuilder is USD 50,000 with an asset management fee ranging from 0.24% to 0.45%; the higher the investment, the lower the fee. Though the firm does not have a setup fee, it requires a custodial cost for setting up a portfolio of USD 11.95 per trade for each recommended mutual fund. Most of the platform’s portfolios require about 11 to 14 mutual funds, costing about USD 131.45 to USD 167.30 to open an account.

AssetBuilder

Based in Canada, Smart Money Invest provides portfolio management services to individual clients, advisors, and employers (such as group saving plans for retirement). Human advisors are available to serve individual investors.The company provides financial tools to develop a long-term financial strategy by calculating net worth, setting a budget, managing investment accounts, and planning for retirement.

Smart Money Invest

Robo advisory startups that offer automated investment services directly to individuals solely via digital platforms.

Robo advisory startups that offer automated investment services to individuals via both digital platforms and human financial advisors.

Provide solutions for financial advisors/asset managers to automate wealth management and administration functions.

Robo advisory startups that offer automated investment services to businesses via both digital platforms and human financial advisors.

Provides solutions for financial institutions to set up their own robo-advisory function and offer services to clients.

Startups that offer online platforms for investors to trade various securities such as stocks, ETFs, and options directly via the platform

Leverages AI/ML to automate allocation and management of investment funds to cater to retail investors

Operates a B2B SaaS model to support financial institution in offering various investment related services

Wealth Access is a client portal and data aggregation platform designed to provide financial advisors and wealth managers with a consolidated view of their clients' financial accounts. The company's technology acts as a central hub, seamlessly integrating with various custodians, financial planning tools, and other systems behind the firm's firewalls. This creates a unified experience where advisors can access all client data through a single pane of glass.
Wealth Access differentiates itself by offering advisors the flexibility to work with multiple financial planning tools and custodians without being tied to any specific provider. This allows firms to be more agile in their technology stack, enabling them to easily switch between or add new tools as their needs change. The platform's ability to aggregate data from disparate sources streamlines the advisor's workflow, enhancing operational efficiency.
Wealth Access's business model revolves around providing advisors and wealth management firms with a centralized client portal solution that simplifies data management and improves the overall client experience. By consolidating client information into a single interface, advisors can effectively turn the screen around and share a comprehensive view with their clients during meetings.

TransFICC is a London-based fintech company that provides eTrading technology and connectivity solutions for fixed income and derivatives markets.
TransFICC's core offering is its "One API" platform, which aims to resolve the issue of fragmentation in fixed income markets by providing banks and asset managers with a low-latency, scalable API. The platform enables connectivity to multiple electronic trading venues while supporting a variety of workflows across fixed income products.
TransFICC's services include automated trading workflows, IRS eTrading, and a consolidated tape pilot. The company has developed expertise in providing modern interface technology, resiliency, and business continuity planning to meet the requirements for a consolidated tape provider (CTP) in the fixed income space.
Key customers and partnerships
TransFICC has been running a bond consolidated tape pilot over the past year, hosted in AWS and utilizing production infrastructure and APIs. Multiple market participants, including banks, venues, and asset managers, have tested contributing data and consuming data output via API as part of this pilot.
The company has partnerships with various global banks, such as Citi and HSBC, which have provided feedback on TransFICC's technology and services.

TransFICC

Nitrogen (formerly known as Riskalyze) is a software-as-a-service (SaaS) company that provides a growth platform for wealth management firms. The platform helps advisors acquire new clients, increase client satisfaction, and retain existing clients. At its core, Nitrogen offers the Risk Number, a quantitative measure of an investor's risk tolerance based on a Nobel Prize-winning academic framework. This data enables advisors to align client portfolios with their risk profiles effectively.
Since its inception in 2011, Nitrogen has invested over USD 50 million in research and development, delivering more than 5 million Risk Numbers to clients. The platform integrates seamlessly with advisors' existing technology stack, including marketing tools, client relationship management (CRM) systems, and asset platforms. It offers lead generation capabilities, customizable marketing resources, proposal generation, light planning support, client engagement features, compliance tools, and risk analysis.
Nitrogen's business model revolves around advisors paying a subscription fee to access the platform's features. As of 2020, advisory firms leveraging Nitrogen experienced organic growth rates of 15% to 45%, significantly higher than the industry average of 3%. The company does not disclose specific revenue figures.

Nitrogen

Clear Markets is a leading company that specializes in developing and operating electronic marketplaces and trading technologies for complex fixed income and credit derivatives products. The company leverages its extensive expertise in building electronic trading systems to facilitate the transition from traditional voice-based trading to electronic platforms. Clear Markets' solutions cater to the needs of major financial institutions across global financial hubs, including Tokyo, London, New York, and Charlotte, North Carolina. The company's management team comprises respected pioneers in the development of the interest rate swap market, bringing a profound understanding of the legal and regulatory landscape governing swaps trading.

Clear Markets

Exabel is a data and analytics platform that enables investment professionals to integrate alternative data and advanced data science tools into their investment strategies. The company offers a software-as-a-service (SaaS) platform that allows discretionary managers to complement their fundamental analysis with more data-driven techniques.
Exabel's platform provides features such as hypothesis analysis, predictive modeling, and backtesting, empowering investors to uncover alpha-generating insights from alternative data sources. The platform seamlessly integrates over 50 pre-mapped alternative datasets with fundamental key performance indicators from providers like FactSet and Visible Alpha. It also offers unparalleled flexibility in mapping, forecast composition, and the ability to onboard proprietary data, delivering insights beyond simple backtests.
As of March 2023, a study found that 63% of portfolio managers and investment analysts rated their organization's use of alternative data as 'good', indicating the growing adoption of such data in investment strategies.
Key customers and partnerships
Exabel has established partnerships with several notable alternative data providers to enhance its offerings and reach a broader audience of financial buyers.
In May 2022, Exabel collaborated with People Data Labs, a leading provider of B2B and professional data, to deliver the People Data Labs Insights Platform. This platform provides hedge funds and asset managers with curated insights based on People Data Labs' extensive B2B dataset, leveraging Exabel's analytics capabilities.
Similarly, in June 2022, Exabel partnered with Datayes, an alternative data company offering China-focused datasets. The Datayes Insights Platform utilizes Exabel's platform to provide insights based on Datayes' recruitment data and other China-focused datasets.
Exabel has also joined forces with Eagle Alpha, a prominent player in the alternative data ecosystem, to address the end-to-end challenges of evaluating alternative data. By combining Exabel's analysis platform with Eagle Alpha's expertise, investment teams can efficiently evaluate and integrate alternative data into their investment processes.

Exabel

Earnest Analytics (formerly known as Earnest Research) is a data analytics firm that provides real-time insights and actionable data to institutional investors, companies, consultants, and government agencies. Their structured datasets offer clear signals and tools for in-depth analysis of consumer spending, retail pricing, consumer packaged goods (CPG), foot traffic, and healthcare claims data. Earnest utilizes machine learning algorithms along with expert analysts to deliver accurate investment signals, macroeconomic trends, consumer behavior analyses, and healthcare data.
Initially focused on providing revenue forecasts for public companies using credit card data, Earnest has expanded its offerings to include scanner data, web pricing data, and healthcare data. In November 2022, the company launched its proprietary web platform, Dash, enabling users to track insights across companies, subscribe to earnings surprise alerts, analyze trends, and segment data across various parameters.
Earnest Analytics generates revenue by providing structured data products and analytical tools to its clients through platforms like Snowflake, BigQuery, and S3. As of August 2023, the company increased the panel size of its Orion transaction dataset by 4x, representing credit, debit, and ACH spending data from a more geographically representative sample of US shoppers, with historical data dating back to 2016. In August 2023, Earnest also released its machine learning-based "Reported Metric Predictions by Earnest AI" solution, providing earnings predictions for 450 publicly traded US companies.
Key customers and partnerships
Earnest Analytics was named Snowflake's Retail and Consumer Goods Marketplace Partner of the Year in 2023, recognized for enabling joint customers to understand the consumer economy with real-time data listed on Snowflake Marketplace. The company's clients include leading hedge funds, asset managers, Fortune 500 companies, and industry experts from various sectors such as financial services, consumer goods, and healthcare. Notable clients highlighted in the sources include Rabobank, Hungryroot, and Emory University's Dan McCarthy, who have leveraged Earnest's data for competitive benchmarking, customer behavior analysis, and revenue forecasting.

Earnest Analytics

Platforms that help financial market participants collect, manage, and use traditional and alternative data, derive market insights from news, and provide trade signals to make informed decisions.

Platforms that help institutions such as asset managers, investment banks, and hedge funds to develop platforms to trade and operate brokerage services for various financial assets and instruments such as stocks, fixed income securities, derivatives, commodities, and foreign currencies.

Companies that use blockchain technology to share and synchronize data and improve efficiency across the trading workflow and post-trade actions such as clearing and settlement.

Platforms that help companies meet anti-money laundering requirements and provide identity verification tools such as KYC checks.

These platforms provide services such as risk detection, regulatory compliance, risk management, risk intelligence, collateral management, internal processes management, and strengthening of internal controls.

Uses blockchain to automate certain workflows between institutions and capital market participants

Uses GenAI to automate analysis, optimize portfolios, predict market trends, and enhance risk management

Uses AI/ML to process market data and information to derive valuable and timely insights

PROMINENT_CATEGORY

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 Wealth Access has joined forces with Cetera Financial Group to provide a new integrated service. This combined offering will allow clients to view a comprehensive breakdown of their financial portfolio. Information available will encompass data from brokerage, trust, and digital banking assets. 
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Wealth Access

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