Vise Surpasses $15B in Platform Assets, Appoints Nick Raffone as CFO to Accelerate Growth Amid Private Equity-Driven Transformation in RIA Industry

Vise, the AI-powered technology platform that delivers personalized portfolios at scale, today announced the appointment of Nick Raffone as Chief Financial Officer. The announcement comes as Vise’s platform assets surpass $15 billion–a 1500% increase year-over-year—fueling the next phase of growth and innovation for the company.¹

Raffone brings over a decade of financial experience in investment banking and asset management to help guide Vise through the private equity-driven transformation reshaping the wealth management industry.

The RIA landscape is undergoing a profound transformation, with private equity firms deploying unprecedented capital into the sector and fundamentally changing its structure. This shift has accelerated the consolidation of smaller practices into enterprise-scale operations, created new demands for sophisticated technology infrastructure, and introduced complex capital structures previously unseen in wealth management.

Raffone's extensive private equity background with deep experience in structured finance and mergers and acquisitions uniquely positions him to propel Vise through this transformative period for the RIA industry. He previously served as Managing Director at New Fortress Energy, an infrastructure-focused permanent capital vehicle backed by Fortress Investment Group, following earlier experience in investment banking at Goldman Sachs.

"The RIA space is at a turning point," Raffone said. "Enterprise RIAs are scaling rapidly, and private equity is driving consolidation like never before. I've seen the gaps that need to be filled–and Vise is building the technology to do just that."

As CFO, Raffone will oversee Vise's finance, accounting, treasury, and investor relations functions while playing a pivotal role in shaping corporate strategy and capital formation. His private equity know-how will be instrumental as Vise expands its offerings, particularly in alternatives, and explores new growth opportunities amid rising demand for sophisticated technology solutions among advisors.

Runik Mehrotra, Co-Founder and Co-CEO of Vise, emphasized the strategic importance of the appointment: "Nick's background bridges two worlds that are increasingly converging—private equity and wealth management. His deep understanding of the RIA world combined with his expertise in how PE-backed firms scale and deploy capital will be invaluable as we develop solutions tailored to the emerging Enterprise RIA model. He understands the structural transformation happening in wealth management at a fundamental level."

With private equity now influencing the strategic direction of the wealth management industry, Raffone's arrival underscores Vise's commitment to staying ahead of the curve and delivering cutting-edge technology designed to meet the demands of an evolving industry.

About Vise

¹Vise "Platform Assets" encompasses assets actively managed by Vise as well as assets that Vise aggregates, monitors, and uses to generate customized proposals.

Vise is a technology platform that delivers personalized portfolios at scale across nearly every asset class and strategy. The firm’s mission is to enable financial advisors to deliver better investment outcomes to their clients while scaling their firms to their maximum potential. Leveraged by leading wealth firms, Vise empowers advisors to provide better investment outcomes while saving advisors’ time, reducing costs, and enabling better client relationships. Vise is headquartered in New York. To learn more about how Vise aims to revolutionize the future of wealth management visit www.vise.com.

Vise AI Advisors, LCC ("Vise") is an investment adviser registered with the U.S. Securities and Exchange Commission. The registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of Vise by the Commission.

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