RISR with Jason Early | E331

Enabling advisors to maximize their clients business value.

In this episode of Fintech Impact, Jason interviews Jason Early, the Founder and CEO of RISR. Their discussion revolves around how RISR is innovating the way financial advisors interact with and provide value to business owners, aiming to maximize the potential of their businesses. They delve into the challenges and solutions in advising business owners on understanding and leveraging their business value effectively.

Episode Highlights:

  • 00:11: Jason welcomes listeners and introduces Jason Early, founder, and CEO of RISR. He highlights RISR's focus on helping financial advisors provide comprehensive advice to business owners, emphasizing the importance of understanding the business's value.

  • 00:37: Jason Early explains that RISR aims to bridge the gap between financial advisors and business owners by providing tools and technology that facilitate deepened relationships. The goal is to enable advisors to offer more impactful advice to owners of private companies by leveraging data and insights about their businesses.

  • 01:21: Early shares the inspiration behind RISR, rooted in the staggering demographics of private company ownership transitioning in the coming years. He emphasizes the need for better tools and technology to serve business owners effectively, addressing a crucial market demand.

  • 02:18: Early discusses the lack of comprehensive tools for advisors to serve business owners fully. He points out that 65% of business owners lack an advisor because of this gap. RISR addresses this by providing an integrated platform for advisors to understand and advise on the entire spectrum of business ownership needs.

  • 03:47: The conversation shifts to the importance of data aggregation and analysis. RISR helps advisors pull together disparate data sources to provide holistic insights into business owners' situations, moving beyond mere valuations to understand the full picture of business health and potential.

  • 05:22: Early elaborates on RISR's process of engaging business owners through seamless data integration and insightful questioning, which aims to generate valuable conversations about business value and potential growth strategies.

  • 06:24: The dialogue emphasizes the importance of understanding not just what a business is worth, but what it needs to be worth to meet the owner's future goals. RISR facilitates this realization through thoughtful analysis and advisory.

  • 08:00: The tech-driven approach of RISR in aggregating business data and providing actionable insights is discussed. This includes highlighting the ease with which business owners can onboard and continually benefit from the platform's insights.

  • 10:28: Insights into the factors affecting business value, such as supply chain dependencies and key personnel risk, are shared. RISR provides advisors and business owners with the data to address these areas impactful.

  • 11:29: Early discusses the support RISR provides to financial advisors, enabling them to confidently enter conversations about business strategy and planning, even in areas outside their immediate expertise.

  • 16:08: RISR's ability to track and update business valuation and risk factors in real-time offers businesses and advisors a dynamic tool for monitoring progress and identifying areas for improvement.

  • 19:19: The final thoughts reflect on the need for both business owners and financial advisors to engage proactively in planning and strategy, well in advance of any potential business transition or sale.

Key Takeaways:

  • RISR is breaking new ground by equipping financial advisors with the tools needed to comprehensively serve business owners, focusing not just on current value but on strategizing for future growth and stability.

  • The integration of diverse data sources into a cohesive and insightful dashboard empowers advisors to offer nuanced, impactful advice that addresses the specific needs and goals of business owners.

  • Financial advisors are encouraged to adopt a proactive, in-depth approach to business owner advisory, supporting clients through all stages of business lifecycle and transition planning.

Tweetable Quotes:

  • "Bridging the gap between financial advisors and business owners requires more than just intent; it requires innovative tools and technology." - Jason Early

  • "Understanding the true value of a business goes beyond numbers; it's about realizing potential and strategizing for the future." - Jason Pereira

  • "Advisors, by embracing technology like RISR, can transform the advice they provide to business owners, making a tangible impact on business growth and succession planning." - Jason Early 

Resources Mentioned:

Fintech ImpactJason PereiraFintech