RightCapital Secures $1.6 Million Seed Money, Inks Multiple Enterprise Deals

RightCapital, Inc., a financial planning software platform for Registered Investment Advisors and Independent Broker/Dealers, has secured $1.6 million in new seed capital funding. Camellia Venture Capital led the round with other individual strategic investors also participating. RightCapital, Inc. also announced multiple enterprise deals.

“We created RightCapital with the goal of developing a next-generation financial planning software tool set that advisors can use to simplify the financial planning experience for their clients,” said Shuang Chen, co-founder and CEO of RightCapital. “We are excited about our success with both the retail and enterprise markets. This round of funding is vital to our continued rapid growth.  It will help us reach more advisors and deliver significant product updates,” Chen said.

RightCapital has gained momentum since its debut 18 months ago.  At the Fall 2016 Finovate conference, where selected fintech innovation companies are showcased,  RightCapital was recognized as one of the most innovative fintech ventures in the U.S. and was named a selected technology for advisors and brokerages. RightCapital was also ranked the highest “user rated” financial planning software in the 2017 Annual Software Survey conducted by T3 Tech Hub and Inside Information.

Since the financial planning platform went live in September 2015, RightCapital has on-boarded more than 800 financial advisory firms. The co-founders, brothers Shuang Chen and Song Chen, expect to continue to grow the firm’s user-base significantly.

RightCapital has rolled out 70 product enhancement releases and 15 integrations in just 18 months since the initial launch. Among the added features were the ability to model tax-efficient retirement withdrawal strategies and systematic partial Roth IRA conversions.

RightCapital will use the most recent capital raise to further accelerate the firm’s growth by continuing to add innovative enhancements.   New behavioral finance planning modules, a prospect engagement tool, optimized mobile experience, and deeper two-way integrations with other software providers are among the enhancements in the pipeline.  The new capital will also be deployed to further penetrate the Broker/Dealer segment.


RightCapital launched its enterprise solution in January 2017, targeted to provide a comprehensive financial planning solution for planning firms and broker/dealers of various sizes. Since the beginning of the year, RightCapital has inked a series of enterprise solution deals with RIA and IBD firms.

  • Merit Financial Group, an independent Registered Investment Advisor firm with approximately $900 million in client assets, just announced that they selected RightCapital to be their financial planning platform.
  • Creative Financial Designs, a Registered Investment Advisor and sister company with Independent Broker/Dealer CFD Investments, has selected RightCapital as a financial planning technology partner. The RightCapital platform is now available to the firm’s Financial Planning Department staff as well as the 160 financial advisors who are affiliated with Creative Financial Designs.
  • Royal Fund Management, LLC announced that they have selected RightCapital as a financial planning technology partner. More than 100 advisors on Royal Fund Management‘s platform will now have access to RightCapital’s financial planning solution via this new partnership.
  • The XY Planning Network announced that the firm has selected RightCapital. to be their newest technology partner. Under the new partnership arrangement, 400 XY Planning Network (XYPN) members will gain direct access to RightCapital’s planning software.
  • Resources Investment Advisors, Inc., a collaborative partnership of independent advisors with $6 billionin retirement plan assets and approximately $964 million in wealth management assets under management, announced the company has selected RightCapital, Inc. to become an integral component of their latest one-on-one financial wellness and coaching program.


After 15 years working with financial advisors, RightCapital co-founders Shuang Chen, CFA® and Song Chen recognized how complex many of the industry’s leading financial planning software systems have become over time. Founded in 2015, RightCapital was created with the goal of developing next generation financial planning software that advisors can use to simplify the financial planning experience for their clients with three main goals: an elegant, modern look and feel; interactive, easy to use tools that can be shared by advisors and clients; rigorous and robust calculation engine that generates accurate results quickly. For more information visit, www.RightCapital.com.

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