WealthForge
WealthForge is a Richmond, Virginia-based managing broker-dealer that provides technology-enabled compliance, syndicate administration, and subscription processing services to alternative investment sponsors, primarily in real estate (DSTs, REITs, Opportunity Zone funds) and private placement markets.
- Company typePrivate
- Founded2009
- HeadquartersRichmond, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What WealthForge does
WealthForge is a Richmond, Virginia-based managing broker-dealer that provides technology-enabled compliance, syndicate administration, and subscription processing services to alternative investment sponsors. Founded in 2009 and operating through two FINRA/SIPC-member broker-dealer subsidiaries (WealthForge Securities, LLC and WealthForge Distributors, LLC) and a technology subsidiary (WealthForge Technologies, LLC), the firm serves sponsors of 1031 exchange Delaware Statutory Trusts, private and non-traded REITs, Qualified Opportunity Zone Funds, syndicated Regulation D private placements, Regulation A placements, and 40 Act funds. As of August 2025 the company reports processing more than $5 billion in cumulative equity and debt investments across 2,000+ offerings and 30,000+ transactions, with 100+ clients onboarded over its history.
The company's core product is the Altigo straight-through processing platform, which automates investor document collection, KYC/AML and accreditation validation, subscription processing, advertising review (under FINRA Rule 2210) with unique identification number tracking, Reg BI disclosure workflows, and direct data integration with Phoenix American's STAR-XMS transfer agent system. Around this platform, WealthForge delivers a full managing broker-dealer service suite including sponsor and offering diligence (1,500+ offerings reviewed by experienced compliance staff), syndicate administration with twice-weekly commission payments, regulatory filings (Form D, 5123, 5110, Blue Sky), wholesaler supervision, escrow account facilitation, and due-diligence data room administration. Named clients include Capital Square (longest-standing, $2B+ raised), Burlington Capital, Legion Capital, and Reszi.
Revenue is generated primarily through transaction-based fees on offerings administered as managing broker-dealer, supplemented by managed-service fees for alternative asset managers that need outsourced back-office and supervisory support while retaining internal broker-dealer staff. Go-to-market is sales-led, combining direct sponsor relationships, thought-leadership content (a blog and the 'Forge in Focus' podcast), and partner referrals from independent broker-dealers and registered investment advisors. The firm has raised an estimated ~$33M across disclosed rounds (2013–2019), including a $25M round led by Revolution's Rise of the Rest Seed Fund in 2018, and operates with a leadership team that includes a CEO, CRO, CTO, CFO/FinOps Principal, CCO, and Managing Director of MBD Services.
WealthForge firmographics
Firmographics- Name
- WealthForge
- Legal name
- WealthForge Holdings, Inc.
- Website
- https://wealthforge.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WealthForge is a Richmond, Virginia-based managing broker-dealer that provides technology-enabled compliance, syndicate administration, and subscription processing services to alternative investment sponsors, primarily in real estate (DSTs, REITs, Opportunity Zone funds) and private placement markets.
- Ownership category
- akta.pro rank
WealthForge industry classification
Industry- Product category
- Managing Broker-Dealer Services for Alternative Investments
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Broker-Dealer Affiliated Wealth Advisory (FSAEABAB)
- akta.pro secondary industry
- Investment & Wealth Introducers (RIA/Private Wealth Referrals) (FSAEAMAC)
Keywords
Where WealthForge is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
WealthForge business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Managing Broker-Dealer Services: WealthForge generates revenue as a managing broker-dealer (dealer-manager) providing syndicate administration, investor processing, offering diligence, regulatory filing services, and commission payment services to alternative investment sponsors. Revenue is derived from transaction-based fees associated with the offerings it administers.
- Back-Office and Compliance Services: Provides outsourced broker-dealer administration, sales supervision, investor processing, investor data flow integration to CRM platforms, and syndicate administration and diligence to alternative asset managers with internal broker-dealer staff.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
WealthForge product offering
Product offeringCore offering
WealthForge provides outsourced managing broker-dealer services for sponsors of alternative investment offerings, including sponsor and offering due diligence, investor KYC/AML and accreditation processing, syndicate administration, commission payments, advertising review under FINRA Rule 2210, and regulatory filings (Form D, FINRA 5123/5110, Blue Sky). Its proprietary Altigo platform delivers straight-through subscription processing with real-time dashboards and integration to transfer agents such as Phoenix American. The company enables sponsors to legally raise capital through Reg D, Reg A+, 1031 exchange DSTs, non-traded REITs, Qualified Opportunity Zone Funds, and 40 Act funds while outsourcing broker-dealer compliance and back-office functions.
Product overview
WealthForge operates as a technology-enabled managing broker-dealer for alternative investment products, offering a unified platform combining the Altigo straight-through processing system with comprehensive broker-dealer services. The product portfolio includes Altigo (the core subscription processing platform), which integrates with syndicate administration, investor diligence, advertising review, Reg BI workflow tools, escrow services, and wholesaler supervision modules. The company supports multiple offering types including 1031 exchange DSTs, private REITs, Qualified Opportunity Zone funds, Regulation D private placements, Regulation A placements, and 40 Act funds. The platform processes alternative investments through digital workflows from subscription through settlement, with integration to transfer agents like Phoenix American.
Differentiator
Problem solved
Functional benefit
Brands
- Altigo: WealthForge's proprietary online subscription platform for alternative investments, enabling straight-through processing of transactions
- Forge in Focus
Products and services
- Altigo Straight-Through Processing Platform End-to-end digital subscription processing platform for alternative investments that automates investor document collection, KYC/AML and accreditation validation, subscription agreement processing, commission payment workflows, and transfer agent data submission. Includes real-time dashboards for sponsor distribution teams and integrates with transfer agents such as Phoenix American via the STAR-XMS system. Sold to alternative investment sponsors via the managing broker-dealer relationship.
- Managing Broker-Dealer Services Comprehensive managing broker-dealer (dealer-manager) services for alternative investment sponsors including sponsor and offering due diligence, investor processing, syndicate administration, commission management, twice-weekly commission payments, regulatory filings (Form D, FINRA 5123, 5110, Blue Sky), and Reg BI compliance. Provides real-time dashboard access for distribution teams to track transaction flow from entry through resolution. Sold to alternative investment sponsors launching Reg D, Reg A+, DSTs, non-traded REITs, Qualified Opportunity Zone funds, and 40 Act funds.
- Syndicate Administration End-to-end management of selling syndicates for sponsor offerings, including supervising selling agreements with independent broker-dealers, managing commission payments processed twice weekly, conducting due diligence on syndicate members, and creating and submitting regulatory filings associated with syndicate activity. Sold to alternative investment sponsors as part of the managing broker-dealer relationship.
- Investor Diligence and Processing Investor KYC/AML verification, accreditation status validation under Rule 501 of Regulation D, suitability review, and subscription agreement processing for alternative investment offerings. Includes customer identification program and books-and-records compliance. Sold to alternative investment sponsors via managing broker-dealer engagements.
- Advertising Review Services Review of all sponsor advertising materials for compliance with SEC and FINRA Rule 2210 standards, with feedback typically delivered within 1-3 business days of submission. Includes a portal and dashboard that tracks review status and assigns unique identification numbers to each piece for easy tracking across multiple versions. Sold to alternative investment sponsors as a standalone or bundled compliance service.
- Escrow Account Services Tri-party escrow account facilitation supporting fund flow management, AML validation, and commission payments for alternative investment offerings. Provided at no cost to sponsor partners to accelerate PPM communication and settlement velocity. Sold to alternative investment sponsors in conjunction with managing broker-dealer engagements.
- Reg BI Workflow Tools Technology-enabled workflow tools that automate Regulation Best Interest (Reg BI) disclosure activity, including secure management of prospective client information, documentation of client consent to electronic delivery, distribution of Form CRS and Reg BI disclosures, and version control tracking. Sold to broker-dealer clients (sponsor internal BD staff and registered representatives) to streamline Reg BI compliance.
- Due Diligence Data Room Administration Setup and ongoing monitoring of virtual data storage rooms where prospective selling syndicate members can view and download due diligence information about sponsor offerings. Sold to alternative investment sponsors in conjunction with syndicate administration engagements.
- Wholesaler Supervision Services Supervisory services for sponsor wholesaling teams that affiliate their wholesalers and national accounts personnel with WealthForge Securities, enabling transaction-based compensation and commission payments while providing FINRA-compliant oversight. Includes licensing coordination, supervisory procedures, and email monitoring. Sold to alternative investment sponsors with in-house wholesaling operations.
Quantifiable outcome
- More than $5 billion in equity and debt investments facilitated
- +4 more outcomes
Companies that use WealthForge
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
WealthForge technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature7 records
WealthForge partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- ResziminorTexas-based Reszi selected WealthForge as its managing broker-dealer for their alternative investment offering, benefiting from WealthForge's operational and back-office compliance services.
- Legion CapitalminorLegion Capital, a specialized real estate development lender based in Orlando, FL, chose WealthForge as its managing broker-dealer for their Reg A+ follow-on offering. Legion Capital provides bridge funding, acquisition finance, development, and growth capital to small and medium sized operators and real estate developers.
- Phoenix AmericancoreWealthForge partnered with Phoenix American (transfer agent/fund administrator) to integrate its Altigo straight-through processing technology with Phoenix American's STAR-XMS transfer agent system. This integration enables WealthForge to process all subscription documents digitally and send Phoenix American a data file to be uploaded to the shareholder registry, eliminating manual data transcription. Sponsors using both services receive transaction charge discounts.
- Capital SquarecoreCapital Square is WealthForge's longest-standing client, using WealthForge as managing broker-dealer for DST and Opportunity Zone Fund offerings. Capital Square is a leading tax-advantaged real estate investment sponsor that has raised more than $2 billion in equity. Michelle Wiens, VP National Accounts at Capital Square, provides ongoing testimonials praising WealthForge's syndicate administration services.
- Burlington CapitalminorBurlington Capital uses WealthForge's platform for real-time tracking of investor subscriptions and funding management. Dominic Vaccaro, President, provides testimonials about the platform's simplified dashboard format.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
WealthForge competitors and assessment
Company assessmentBroad incumbents
- CAIS: CAIS is a leading alternative investment platform connecting advisors with private market offerings, with broader marketplace reach and a larger network that overlaps with WealthForge's RIA-facing distribution infrastructure.
- iCapital Network: iCapital is a leading financial technology platform that streamlines access to alternative investments for advisors and asset managers, providing end-to-end infrastructure that competes with WealthForge's sponsor-facing services at greater scale and broader scope.
Direct peers
- Alexander Capital Group: Alexander Capital Group is a full-service broker-dealer and investment bank with private placement and syndicate capabilities serving alternative investment sponsors in similar real estate and private equity markets.
- North Capital: North Capital is a managing broker-dealer specializing in private placement offerings and alternative investments, with technology-enabled processing capabilities that directly overlap WealthForge's core service offering to alternative investment sponsors.
- Preferred Capital Securities: Preferred Capital Securities is a managing broker-dealer focused on private placement offerings, Reg D, Reg A, and other alternative investment products, with comparable compliance and syndicate administration services for sponsors.
- Concorde Investment Services: Concorde is a managing broker-dealer focused on private placements, Regulation D offerings, and alternative investments with a similar sponsor-client base and compliance service model.
- Burch & Company: Burch & Company is a managing broker-dealer specializing in direct participation programs and alternative investments with syndicate and supervisory capabilities comparable to WealthForge's sponsor-facing services.
- LaSalle St. Securities: LaSalle St. Securities is an independent broker-dealer with significant alternative investment and syndicate administration capabilities, serving as a direct competitor in the managing broker-dealer space for alternative investment products.
Emerging players
- Forge Global: Forge Global operates a private shares and alternative asset trading platform with broker-dealer infrastructure; while focused on secondary trading of private company shares, its technology-enabled compliance approach intersects with WealthForge's alt-platform orientation.
- Altruist: Altruist is a tech-enabled custodian and broker-dealer serving RIAs and financial advisors with streamlined digital infrastructure; though retail-focused, its technology-led BD approach represents an emerging competitive model in adjacent segments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
WealthForge social profiles
Digital presenceWealthForge compliance and trust
Trust signalCompliance3 records
WealthForge financial estimates
Financial estimateRevenue estimate
Valuation estimate
WealthForge leadership team
Management profileNumber of profiles
Profiles11 records
WealthForge subsidiaries and ownership
Company hierarchySubsidiaries3 records
WealthForge funding detail
Funding detailFunding overview
Funding rounds6 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WealthForge M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WealthForge
What does WealthForge do?
WealthForge provides outsourced managing broker-dealer services for sponsors of alternative investment offerings, including sponsor and offering due diligence, investor KYC/AML and accreditation processing, syndicate administration, commission payments, advertising review under FINRA Rule 2210, and regulatory filings (Form D, FINRA 5123/5110, Blue Sky). Its proprietary Altigo platform delivers straight-through subscription processing with real-time dashboards and integration to transfer agents such as Phoenix American. The company enables sponsors to legally raise capital through Reg D, Reg A+, 1031 exchange DSTs, non-traded REITs, Qualified Opportunity Zone Funds, and 40 Act funds while outsourcing broker-dealer compliance and back-office functions.
Is WealthForge a public or private company?
WealthForge is a private company. It is classified as venture growth investor backed and is currently operating.
When was WealthForge founded?
WealthForge was founded in 2009. It employs 11 to 50 people.
Where is WealthForge based?
WealthForge is headquartered in Richmond, United States, in the North America region.
How does WealthForge make money?
Two revenue lines are on record. Managing Broker-Dealer Services are the primary driver. The others are back-Office and Compliance Services.
Who are WealthForge's main competitors?
Broad incumbents on record are CAIS and iCapital Network. Direct peers are Alexander Capital Group, North Capital, Preferred Capital Securities, Concorde Investment Services, Burch & Company and LaSalle St. Securities. Emerging players are Forge Global and Altruist.
Does WealthForge have an API?
No public API is recorded for WealthForge.
What industry is WealthForge in?
WealthForge's product category is Managing Broker-Dealer Services for Alternative Investments. Its primary akta.pro industry code is FSAEABAB, Broker-Dealer Affiliated Wealth Advisory, with a secondary code of FSAEAMAC, Investment & Wealth Introducers (RIA/Private Wealth Referrals). Its SIC code is 6211.