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Stephen Chen completes $20 million raise; RIAs have found a niche use for his consumer-facing software -- never mind all those subscribers and enterprises

The founder of NewRetirement.com has a DIY approach that RIAs and enterprises are attracted to because consumers do much of the work

Author Brooke Southall April 3, 2024 at 2:43 AM
1 Comment
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Stephen Chen: Everyone else builds software for the advisor first.
Keith Girard contributed to the editing of this article.


Brian Murphy

Brian Murphy

April 3, 2024 — 7:55 PM
Congratulations to Stephen and the team at NewRetirement on the raise. Definitely not an easy time to be raising, but clearly your traction excited more than a few investors. That said, I think there is a far more disruptive path that you might consider to move your services from "best of breed" for the consumer to industry-changing...and probably ramp revenues by an order of magnitude. Either way, you're doing great stuff guys!

Mentioned in this article:

Consulting Firm
Top Executive: Bill Winterberg

Blog/Social Networking Tool
Top Executive: Stephen Chen

Pure Financial Advisors, Inc.
401k Plan Consultant
Top Executive: Michael Fenison

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