Wealthcare Taps Industry Veteran as President

"Wealthcare's impressive growth over the past several years makes this an ideal time to expand our leadership team," according to Kevin Rafferty, CEO of the platform provider Financeware, which includes Wealthcare and is owned by NewSpring Holdings.

"Matt's strong operational leadership experience in the registered investment advisor space will complement and strengthen our executive team's depth of expertise while positioning Wealthcare for continued, sustainable growth," Rafferty added. "We also look forward to leveraging Ron's investment expertise to best serve the firm's advisor and investor clients as CIO."

Commenting on his new role, Regan said in a statement: "The evolving wealth management landscape provides unique and exciting opportunities for advisors who are looking to grow and scale their businesses. I'm thrilled to have the opportunity to help an even greater number of advisors improve their operational, financial planning and portfolio management capabilities for the benefit of their clients."