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- Earned Wealth
Earned Wealth Valuation, Funding & Investors
Earned Wealth is valued at $40M as of April 2023.
Last Earned Wealth valuation
$40M
Series A · Apr 2023
Last Earned Wealth funding round
$200M
Undisclosed stage · Jul 2024
Cumulative funding Earned Wealth raised
$212M
across 2 funding rounds
Key investors in Earned Wealth
Breyer Capital
Juxtapose
Hudson Structured Capital Management
Summit Partners
Silversmith Capital Partners
About Earned Wealth
Earned Wealth is a tech-enabled financial services firm that exclusively serves healthcare professionals and medical practices. It offers integrated wealth management, tax planning, accounting, payroll, retirement services, insurance, and career advisory, using data on doctors' career stages -- from residency to private-practice buy-ins and retirement -- to shape its recommendations. Founded in 2021 and based in New York, the registered investment advisor has grown through a series of acquisitions of wealth management and tax firms serving physicians.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Investment management
Valuation
$40M (Apr 2023)
Sectors
Earned Wealth Valuation
Earned Wealth is currently valued at $40M, based on its Series A in April 2023.
The $12M round was led by Breyer Capital and Hudson Structured Capital Management, with participation from Juxtapose.
Earned Wealth valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2023 | Series A | $40M |
Earned Wealth Funding History
Earned Wealth has raised a total of $212M across 2 funding rounds.
Earned Wealth's first fundraising round was a $12M Series A in April 2023. The most recent completed round was a $200M undisclosed-stage round in July 2024.
Earned Wealth funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2024 | Undisclosed stage | Silversmith Capital Partners (lead); Summit Partners (lead); Breyer Capital; Hudson Structured Capital Management; Juxtapose | $200M | - | Earned Wealth is a tech-enabled financial services firm exclusively serving healthcare professionals and medical practices, offering integrated solutions including wealth management, tax planning, accounting, payroll, retirement services, insurance, and career advisory. The company leverages doctors' unique career stages—from residency to private practice buy-ins and retirement—for data-driven, evidence-based recommendations to help clients earn more, invest smarter, and reduce risk. Founded in 2021, Earned raised approximately $18M in 2023 at a nearly $40M valuation and secured a $200M capital commitment in July 2024 from Summit Partners and Silversmith Capital Partners, with participation from existing investors Breyer Capital, Hudson Structured Capital Management, and Juxtapose. The 2024 funding supports platform expansion through product innovation and strategic acquisitions, enabling rapid growth. Post-investment, Earned acquired Thomas Doll (adding $2B AUM and 3,000 clients), PearsonRavitz (physician disability and life insurance), Chahal & Associates ($100M AUM tax and accounting firm), Schwartz & Schwartz (healthcare tax firm), and OJM Group (nearly $1B AUM in investment management and planning). It also partnered with Dental & Medical Counsel for legal services like practice transitions and contract reviews. These moves have scaled Earned to nearly 19,500 clients and $3.4B in collective AUM, with over 230 employees nationwide. Earned's evidence-based investing emphasizes low-cost passive strategies, tax efficiency, diversification, and selective private investments, positioning it as a comprehensive ecosystem for doctors' financial needs amid a growth strategy focused on acquisitions and national expansion. |
| Apr 2023 | Series A | Breyer Capital (lead); Hudson Structured Capital Management (lead); Juxtapose | $12M | $40M | Earned Wealth, formerly Forme Financial, provides a comprehensive wealth management platform tailored for physicians, optimizing career, investing, taxes, insurance, lending, cash management, budgeting, and trust & estate planning. The full-stack service leverages deep technology for superior performance compared to incumbents, targeting high-earning professionals in a $13B annual market for targeted financial services. It operates as a largely recurring revenue business with strong gross margins akin to SaaS. Earned raised a $12M Series A round on April 6, 2023, led by Hudson Structured Capital Management and Breyer Capital, with participation from Juxtapose, bringing total funding to $18M since starting in 2022. The round supported expansion of services and acceleration of proprietary technology development. A later article references approximately $18M raised in 2023 at a valuation of nearly $40M. The company targets physicians spending $13B yearly on financial services, with unit economics featuring $10K to $20K annual revenue per client. Earned demonstrated positive early traction and industry-leading product efficacy, taking accountability for client outcomes to disrupt the trillion-dollar wealth management industry. |
Who has invested in Earned Wealth?
5 investors have backed Earned Wealth across its funding rounds, including Breyer Capital, Juxtapose, Hudson Structured Capital Management, Summit Partners and Silversmith Capital Partners.
Lead investors include Silversmith Capital Partners, Summit Partners, Breyer Capital and Hudson Structured Capital Management.
Earned Wealth Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2023 | ||
| 2 | Lead | Apr 2023 | ||
| 2 | Participant | Apr 2023 | ||
This data is available for Pro users. Sign up to see all 5 Earned Wealth investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Earned Wealth
Earned Wealth has acquired 5 companies to date.
Last acquisition by Earned Wealth was on December 9th 2025. Earned Wealth acquired Ojm Group for undisclosed valuation.
Latest Acquisitions by Earned Wealth
| Description | Ojm Group is a financial advisory firm offering investment planning, insurance, benefits planning, asset protection, and personal planning services to clients across the United States. | Pearson Ravitz is a Trevose, Pennsylvania-based insurance agency specializing in life, health, disability, and professional liability coverage for physicians and medical practices. The firm arranges policies from carriers like The Hartford and Chubb, serving clients in the healthcare sector across the eastern United States with customized risk management plans. | Schwartz & Schwartz is a Cherry Hill-based accounting firm offering tax preparation, payroll processing, and wealth management tailored to healthcare professionals. The practice handles IRS compliance for physicians and dentists, integrating financial planning with retirement accounts like 401(k)s and IRAs. | Chahal & Associates is a Surrey, British Columbia-based financial advisory firm serving small businesses with accounting, bookkeeping, and tax planning services. Operating since 2008, the firm handles GST/HST filings, financial statements for corporations under 50 employees, and CRA audits for clients in retail and construction sectors across Western Canada. | |
| HQ Country | |||||
| HQ City | - | Philadelphia, PA | Boston, MA | San Francisco, CA | |
| Deal Date | 9 Dec 2025 | 6 Oct 2025 | 4 Aug 2025 | 21 Apr 2025 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Earned Wealth acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Earned Wealth Competitors
Earned Wealth competitors include listed companies like Mayberry Group and Prime Financial Group, and private ones like Citadel.one, Selma Finance, InvestEngine and Every.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $40M | - | ||
| Publicly listed | $3M | - | $41M | - | ||
| Private | - | - | $42M | - | ||
| Publicly listed | $42M | $10M | $38M | 1.3x | ||
| Private | - | - | $37M | - | ||
| Private | - | - | $36M | - |
Earned Wealth Public Comps
Earned Wealth is still privately-owned, but its public comps include Mayberry Group, Prime Financial Group, Intellistake Technologies, Canadian Large Cap, The Australian Wealth Advisors Group, Mayberry Jamaican Equities, 9F, Alianza Credito FII, Nousbo and ASTMAX.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3M | - | 46.7x | - | - | - | |||
| $42M | $10M | 1.3x | 1.3x | 5.9x | 5.5x | |||
| - | ($1M) | - | - | (22.1x) | - | |||
| $2M | - | - | - | - | - | |||
| $8M | - | 3.7x | - | - | - | |||
| $3M | ($27M) | 31.6x | - | (3.2x) | - | |||
| $43M | $10M | - | - | - | - | |||
| $2M | - | 15.0x | - | - | - | |||
This data is available for Pro users. Sign up to see all Earned Wealth competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Earned Wealth
| When was Earned Wealth founded? | Earned Wealth was founded in 2021. |
| Where is Earned Wealth headquartered? | Earned Wealth is headquartered in New York City, NY, United States. |
| Is Earned Wealth publicly listed? | No, Earned Wealth is a private, VC-backed company. |
| What is Earned Wealth's valuation? | Earned Wealth was last valued at $40M in its Series A in April 2023. |
| How much funding has Earned Wealth raised? | Earned Wealth has raised $212M across 2 funding rounds. |
| What was Earned Wealth's last funding round? | Earned Wealth's last funding round was a $200M undisclosed-stage round in July 2024, led by Silversmith Capital Partners and Summit Partners. |
| Who are Earned Wealth's investors? | Earned Wealth's investors include Breyer Capital, Hudson Structured Capital Management, Juxtapose, Summit Partners and Silversmith Capital Partners. |
| Which companies are comparable to Earned Wealth? | Companies comparable to Earned Wealth include Citadel.one, Mayberry Group, Selma Finance, Prime Financial Group, InvestEngine and Every. |
| How many companies has Earned Wealth acquired? | Earned Wealth has acquired 5 companies, including Ojm Group, Pearson Ravitz, Schwartz & Schwartz, Chahal and Associates and Thomas Doll. |
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