BizEquity and Discovery Data Partner

BizEquity has partnered with Discovery Data, the leading provider of financial advisor data, to create a new online service that will value financial advisors in real-time.  The initial valuation and report is free as a service to the financial advisory community. As the only patented online service to value private businesses, BizEquity has valued over 200,000 small businesses and has developed an estimated 33.2 million valuations for businesses globally using its proprietary data model. Today, over 1,600 advisors and 550 firms use BizEquity's Advisor Office service that helps advisors to better understand their clients risk profile and company valuation as well as to prospect new clients armed with current valuations on their companies. The partnership with Discovery Data will provide BizEquity access to data on over 40,000 registered firms and 700,000 registered reps, including an estimated 289,000 practicing financial advisors, enabling them to value their firm and compare themselves against the financial advisor community. The new financial advisory valuator will help financial advisors to:

• Discover the estimated value of their practice in real-time
• Determine and rank their valuation and performance to a peer group of 289,000 advisors
• Create a 29 page business valuation report with four different valuation parameters, including liquidation, assets, equity and enterprise

Bob Herrmann, CEO of Discovery Data, stated: "As the leading provider of data to the financial services industry, we are always looking for ways to provide additional value to our clients.  With BizEquity it's a partnership that will help advisory firms understand business valuation to help their clients build wealth by better managing and growing their businesses. Industry providers also have the opportunity to contribute to this initiative." Michael M. Carter, Founder & CEO of BizEquity, commented: "It is very exciting to partner with Bob and Discovery Data as they are the most comprehensive data source for the financial advisor community.  We serve over 800 industries to help financial advisors prospect new clients and better serve existing ones using our big data service.  With this partnership, we have created the industry standard on how to value the financial advisory and wealth management community and will give advisors that try our service a sample of what we could offer them with our patented prospecting and engagement service." The new service can be found at https://advisor.bizequity.com