The global provider of cloud-based business valuations BizEquity has forged a partnership with Sawtooth Solutions.

The business valuation and “big data” firm BizEquity has inked a deal with a wealth management technology platform called Sawtooth Solutions.

The move follows a raft of deals announced by BizEquity in recent months. In February of this year, the firm added a “Smarter Prospecting” feature to its Advisor Office platform; in November 2015 it launched its “Banker Office” product to help banks compete with online alternative lenders; and in October it signed a partnership with eMoney Advisor, as well as inking a deal with Entrepreneur.com.

As part of the deal, BizEquity’s business valuation service has been integrated Sawtooth’s wealth solutions platform. Advisors using Sawtooth’s TAMP platform can now provide wealth planning and investment advice by incorporating critical business assets owned or tied to a client.

“With the advent of the new DoL fiduciary ruling and increasing pressures from robo-advisors, now more than ever the over 400,000 financial advisors in the US will need to arm themselves with more value added solutions for their clients,” said Michael Carter, chief executive of BizEquity. 

“The wealth management sector is evolving at a rapid pace, faced with challenges from emerging technology such as robo-advisors and legislative changes including the DOL’s fiduciary regulations,” added Brad Pries, CEO of Sawtooth. “Far from hampering the sector, this new environment offers significant growth opportunities for those financial advisors willing to embrace technology to offer comprehensive, integrated, holistic financial advice.”