Page 40 - Investment Advisor November 2022

Evan Rapoport sors grow their business as efficiently as possible,” the
As founder and CEO of SMArtX Advisory firm says. Wealthcare advisors can increase their business
Solutions, Evan Rapoport leads a fast-growing at a level that is roughly “three times the industry aver-
TAMP platform. In 2021, he focused on replac- age,” it adds. In early 2022, Wealthcare announced that
ing InvestCloud’s APL technology, which at the the number of its advisors had risen to 165, as it added 18
time was one of the most widely used systems in the industry) new advisors. The combined assets under management for
within Morningstar’s TAMP, the firm says. He also worked to Wealthcare RIAs was $4.8 billion. With about a half a bil-
bring Morningstar in as a partner for a $30 million investment lion of new assets in 2021, its assets have risen 128% since
in SMArtX and two board seats. he joined the firm.
SMArtX Advisory Solutions has since developed several
white-label solutions for firms managing their own front-end Reegan Rae and Bryan Shipley
technology. Rapoport pushed for the development of systems Over 2021, Arnerich Massena Co-CEOs
that are cloud-based and modular within an open architec- Reegan Rae, CPWA, and Bryan Shipley,
ture framework, “all deliverable using APIs into any new or CFA, CAIA, oversaw a shift of the firm’s
existing technology stack,” the firm says. “This flexibility has leadership and a restructuring of the orga-
enabled SMArtX to easily integrate into existing systems, nization’s operations. The process involved securing
similar to replacing an old engine in a classic car so the car financing and executing a buyout of the firm, transition-
performs better” and works with new systems. ing ownership from Tony Arnerich to a group of the com-
pany’s key employees.
Matt Regan At the same time, the firm sold a portion of its busi-
Since Matt Regan became president of ness focused on serving corporate retirement plans “in
Wealthcare Capital Management in 2018, order to refocus and dedicate efforts on the company’s
the firm has seen strong growth thanks core strengths: serving high net worth and non-profit
largely to “his commitment to helping advi- clients,” it says. Also in 2021, the firm moved from its

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