Northwestern Mutual Buys Majority Stake in Advisor Coaching Firm ClientWise

For ClientWise, Northwestern Mutual's investment will allow the coaching and consulting firm to embark on "next-level strategic growth" itself — including continuing to innovate and develop practice management tools and resources — and allowing it to create scale to provide value to more leading financial professionals and their firms, and support best practices in the advice industry at large.

According to Sclafani, "The advice landscape presents clear opportunities and near-term challenges, including the need to optimize firm operations, build scale and instill best practices so that advisors can deliver advice across their client base. We are excited to partner with Northwestern Mutual to support their financial advisors as they tackle these challenges, help their clients make financial decisions with confidence, and build enterprise value for their firms."

This announcement is a continuation of Northwestern Mutual's efforts to invest in and partner with innovative firms to bring greater value to its financial advisors and clients. It follows the acquisition of LearnVest in 2015, and the subsequent launch of the Northwestern Mutual Future Ventures Fund for strategic investing.

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