RetireUp, LLC

RetireUp, LLC specializes in innovative retirement planning and investment management tools that empower financial advisors and their clients to streamline the retirement planning process. Founded in 2012 in the US, RetireUp, LLC provides tools for retirement planning and investment management. The company has undergone strategic developments but does not have any publicly known pivots or changes in operations. The firm has been involved in 3 deals, with the most recent deal occurring on June 10, 2020, when Tegra118 acquired RetireUp, LLC for undisclosed financial terms.

The CEO and founder is Dan Santner, who has not been reported to have founded other companies prior to this venture. RetireUp offers a comprehensive suite of tools designed to facilitate retirement planning and investment management for financial advisors and their clients. The core product is a retirement planning tool that integrates various income sources, including Social Security, variable annuities, fixed index annuities, and pensions, providing users with a holistic view of their financial future. This tool enhances client interactions by allowing advisors to engage in informed discussions about income strategies and asset management.

The services are utilized primarily by financial advisors, wealth management firms, and their clients, enabling effective navigation of complex financial scenarios. The products are marketed across North America and parts of Europe, responding to a growing demand for innovative retirement solutions. RetireUp generates revenue through a subscription-based model, providing clients access to its suite of retirement planning tools within the InvestCloud app ecosystem. Clients, primarily financial advisors and firms, subscribe to utilize these tools to enhance their service offerings.

The pricing structure is tailored to different tiers of service, accommodating a range of client needs from small advisory practices to large financial institutions. By offering customizable solutions, RetireUp fosters long-term partnerships with its clients, ensuring they can deliver personalized retirement planning services efficiently. The integration with InvestCloud enhances billing and compliance processes, improving the user experience and driving repeat transactions within its client base. RetireUp is focused on expanding its offerings and market reach.

The company has upcoming product updates and enhancements planned for the next fiscal year, aimed at improving user experience and functionality. Additionally, RetireUp targets expansion into new geographical regions, specifically increasing its presence in Europe by the end of 2023. The funds from the acquisition by Tegra118 will be utilized to support these initiatives, enabling the development of new features and facilitating entry into new markets.