RightCapital Inc.

After 15 years working with financial advisors on investment, insurance and annuity products, RightCapital co-founder Shuang Chen, CFA®, recognized how complex many of the industry’s leading financial planning software systems have become over time. Most financial planning solutions use complex models to solve complex problems and present results in a very complex way – think of this as “too much information” for the client and “too hard for the average advisor to use” and the problem becomes clear. On the flip side, some of the newer planning solutions use over-simplified models for the sake of keeping things simple and the cost low – whether you call it “financial planning light” or “too little information” the reality is there is just not enough “there” there for competent, fiduciary advisors. RightCapital is all about “financial planning done just right.” In light of the too little / too much conundrum explained above, the question for RightCapital’s co-founders became: Is it possible to create a solution that uses complex and robust models to solve the client’s problems but present the results in simple and intuitive ways? Shuang Chen was discussing this with his younger brother Song Chen, a tech guru in financial service industry, on their way back from a family gathering in summer of 2012. They became so engrossed in the question that they began creating scratches and building financial models right after they got home that night. After three years of thinking, designing, building (and very little sleep), RightCapital launched their innovative financial planning and tax-aware solution in September 2015. A raft of favorable reviews from industry experts and financial trade publications came flowing in. Today, the RightCapital team continues on, listening to its users and perfecting the product. Innovation and engineering ingenuity RightCapital is a team of innovators. Multiple members hold various patents from their previous innovations in financial services. They constantly think outside-the-box and are focused on providing simplified presentations that more effectively communicate sophisticated solutions to complex problems. RightCapital also leverages the team’s engineering ingenuity to push innovation. Here is one example: The engineering team spent an enormous amount of time building the Federal and State income tax system into the model, but discovered it slows down the projection time significantly. They ended up creating a high performance computing algorithm and trick GPUs (Graphic Processing Unit) on computer video cards to run retirement Monte Carlo simulations – imagine having Xbox do financial planning calculations rather than rendering 3D graphs for “Call of Duty” – that’s the kind of innovation RightCapital’s engineering team provides. Listen well and iterate fast RightCapital consistently improves their product by listening well to their financial professional customers and incorporating their feedback into the product. RightCapital has been consistently releasing new product enhancements on a bi-weekly basis. Their agile development approach as well as continuous integration and continued deployments are the infrastructure backbones that support fast iteration – 23 product releases, 200+ product enhancements, 8 major integrations, all in 9 months. The Chen brothers created RightCapital with the goal of developing next generation financial planning software that advisors can use to simplify the financial planning experience for their clients. Excellence values include: An elegant, modern look and feel Interactive, easy-to-use tools that can be shared by advisors and clients A rigorous and robust calculation engine that quickly generates accurate results The team uses their extensive experience in product design and technology within the financial services industry to create tools that help advisors expand their practice and engage their clients.

Address: New York, USA

Phone: +1 888 982 9596
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