2019 Finance Elite Awards

8 US BUSINESS NEWS / 2019 Finance Elite Awards , BizEquity: Best Business Valuation Platform business owner wealth and insurance market. As part of this focus, early in 2019 they launched Franklin, an innovative AI powered engine that connects business owners to the advisors that serve them. Over the years to come Franklin will continue to evolve, and will eventually provide insights to the business owners that are valued on BizEquity’s platform that help them optimize their business value, and this will help the firm increase its value proposition to clients moving forward. Established in 2011, BizEquity’s mission was to democratize business valuation knowledge, for the business owner. According to IBIS World research, 98% of all the private businesses have not valued themselves due to the time, cost, and the complexity involved. BizEquity then solved all of that by creating the first and only patented cloud based service offering designed to help business owners know their worth in real-time. In order to distribute the product in the most efficient manner possible, BizEquity has created a unique and private labelled subscription product targeting financial advisors so they could better help business owners plan for tomorrow. Today the firm’s total subscribers include 3,000 of the best financial advisors, bankers, insurance agents, accountants, and M&A Advisors in the world. With a Best Business Valuation Platform: BizEquity BizEquity is the global leader in online business valuation, having created the worlds largest database of private business value. As part of our showcase of a selection of the winners from this year’s Financial Elite Awards we profile the firmand share an insight into how far it has come over the years. deeply passionate team who are committed to providing their valued clients with market- leading support and cutting-edge services the firm is continually providing these clients with the solutions they need in today’s competitive business market. The firm’s innovative solutions can be tailored to meet the needs of specific clients, and this draws on BizEquity’s own vast industry experience. For an example, BizEquity realized that only 40% of business owners actually held Life Insurance policies and that 50% of those that did were under-insured, so BizEquity created a real-time insurance report to help business owners and their advisor understand when they were under-insured. Additionally BizEquity learned that the greatest wealth transfer opportunity the next 10 years came from the sale of over 8 million private businesses. From a financial planning, retirement planning, succession planning and risk management standpoint, they viewed that as a problem. After all, how could a business do any of those things properly without knowing of the value of their largest asset? BizEquity has risen up to this challenge by working with the companies and positioning itself so that it can help these firms throughout the corporate landscape think through their strategy for the business owner market. Looking ahead, BizEquity is committed to extending it’s lead as the market leader within the Mar19143 Contact Details: Company: BizEquity | Name: Mike Carter Address: 435 Devon park dive ste 500, Wayne, PA 19087 Web Address: www.bizequity.com “In order to distribute the product in the most efficient manner possible, BizEquity has created a unique and private labelled subscription product targeting financial advisors so they could better help business owners plan for tomorrow.”