About Earned Wealth
Earned Wealth is a company based in New York (United States) founded in 2021 by Alexandra Garabedian and John Clendening.. Earned Wealth has raised $224 million across 3 funding rounds from investors including Hudson Structured Capital Management, Summit Partners and Silversmith. Earned Wealth offers products and services including Wealth Management, Tax Preparation, Tax Planning, Retirement Plans, and Accounting. Earned Wealth operates in a competitive market with competitors including The Tifin Group, Ascensus, Learnvest, Farther and Pocketnest, among others.
- Headquarter New York, United States
- Founders Alexandra Garabedian, John Clendening
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Earned Wealth Advisors, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$224 M (USD)
in 3 rounds
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Latest Funding Round
$200 M (USD), Series B
Jul 11, 2024
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Investors
Hudson Structured Capital Management
& 5 more
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Employee Count
Employee Count
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Products & Services of Earned Wealth
Earned Wealth offers a comprehensive portfolio of products and services, including Wealth Management, Tax Preparation, Tax Planning, Retirement Plans, and Accounting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Helps doctors build and preserve wealth through tax-efficient strategies.
Assists with filing and optimizing taxes for individuals and practices.
Reduces tax burdens on property sales and other transactions.
Advises on best retirement options for doctors and their practices.
Manages financial records and payroll for medical practices.
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Funding Insights of Earned Wealth
Earned Wealth has successfully raised a total of $224M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $200 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $200.0M
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First Round
First Round
(06 Apr 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2024 | Amount | Series B - Earned Wealth | Valuation | Summit Partners , Silversmith | |
| Apr, 2023 | Amount | Series A - Earned Wealth | Valuation | Hudson Structured , Breyer Capital |
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| Apr, 2023 | Amount | Series A - Earned Wealth | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Earned Wealth
Earned Wealth has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Hudson Structured Capital Management, Summit Partners and Silversmith. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Summit Partners is recognized as a growth equity investment firm.
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Venture capital firm investing in technology and healthcare sectors
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Technology businesses are invested in and developed by Juxtapose.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Earned Wealth
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Earned Wealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Earned Wealth Comparisons
Competitors of Earned Wealth
Earned Wealth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Tifin Group, Ascensus, Learnvest, Farther and Pocketnest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-enabled financial planning and advisory solutions are provided for individuals.
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Retirement, health, and college savings services are administered nationwide.
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Personal finance management and investment advise
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| domain | founded_year | HQ Location |
App-based financial planning and management platform for individuals
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| domain | founded_year | HQ Location |
An app-based platform is provided for individual wealth management.
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Financial planning and advisory platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Earned Wealth
Frequently Asked Questions about Earned Wealth
When was Earned Wealth founded?
Earned Wealth was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Earned Wealth located?
Earned Wealth is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Earned Wealth?
John Clendening is the current CEO of Earned Wealth. They have also founded this company.
Is Earned Wealth a funded company?
Earned Wealth is a funded company, having raised a total of $224M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Apr 06, 2023.
What does Earned Wealth do?
Earned Wealth was founded in 2021 and is based in New York, United States. Operations focus on the financial services sector, targeting healthcare professionals with tailored advisory in areas such as investing, tax planning, career guidance, insurance, trust and estate planning, debt management, and cash management. Proprietary data sets are utilized to deliver customized recommendations, including strategies for tax reduction, estate reviews, and access to private investments.
Who are the top competitors of Earned Wealth?
Earned Wealth's top competitors include The Tifin Group, Ascensus and Farther.
What products or services does Earned Wealth offer?
Earned Wealth offers Wealth Management, Tax Preparation, Tax Planning, Retirement Plans, and Accounting.
Who are Earned Wealth's investors?
Earned Wealth has 6 investors. Key investors include Hudson Structured Capital Management, Summit Partners, Silversmith, Juxtapose, and Breyer Capital.
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