Wealthbox, a customer relationship management (CRM) software provider for financial advisors, has secured a $200 million strategic majority investment from Sixth Street Growth, the growth investing arm of global investment firm Sixth Street, according to an announcement.
The investment aims to accelerate Wealthbox’s expansion across the wealth management sector, enhance product innovation, and strengthen its presence among larger registered investment advisor (RIA) firms and enterprise broker-dealers.
The transaction marks a pivotal point for Wealthbox, which has built a reputation for its user-centric CRM platform and increasing market share among independent financial advisors, per the announcement.
Wealthbox said Sixth Street’s investment underscores confidence in Wealthbox’s leadership team, its intuitive product suite, and its roadmap focused on integrating artificial intelligence tools to boost advisor productivity and firm-wide operational efficiency.
As part of the agreement, Michael McGinn, Co-Head of Sixth Street Growth, along with Operating Partner Paul Dodd and Principal Alex Goodman, will join the board of Wealthbox.
Existing investor Frontier Growth will retain a significant stake by rolling over a substantial portion of its equity into the recapitalized company. Wealthbox’s current management team will continue to lead the business, with executives also reinvesting in the firm.
The fresh capital is expected to drive new product development, deepen integration across the advisor technology ecosystem, and scale enterprise features tailored to complex advisory organizations.
Wealthbox plans to leverage the funding to build on its existing market leadership and expand its value proposition to advisory firms of all sizes.
Sixth Street Growth focuses on investments in mid- and late-stage technology companies, and has committed more than $10 billion across over 70 growth-stage firms.
Wealthbox joins a growing portfolio of companies positioned to scale with strategic capital support and operational expertise from Sixth Street.
The company is a product of Starburst Labs, Inc., serving thousands of financial advisory firms with tools to manage client relationships and streamline workflows.