Press Releases

Our press releases keep you informed of the latest data and
service enhancements, and company announcements.

Discovery Data and BizEquity Partner to Create an Industry Standard for Valuing Financial Advisors

New Big Data and Cloud based service offers a free initial valuation and report for advisors to value their own business

EATONTOWN, NJ — August 21, 2017 — Discovery Data, the leading provider of financial advisor data, has partnered with BizEquity, the world’s leading online provider of business valuation services and big data, to create a new online service that will value financial advisors in real-time. The initial valuation and report is free as a service to the financial advisory community.

As the only patented online service to value private businesses, BizEquity has valued over 200,000 small businesses and has developed an estimated 33.2 million valuations for businesses globally using its proprietary data model. Today over 1,600 advisors and 550 firms use BizEquity’s Advisor Office service that helps advisors to better understand their clients’ risk profile and company valuation, as well as to prospect new clients armed with current valuations on their companies. The partnership with Discovery Data will provide BizEquity access to data on over 40,000 registered firms and 700,000 registered reps, including an estimated 289,000 practicing financial advisors, enabling them to value their firm and compare themselves against the financial advisor community.

The new financial advisory valuator will help financial advisors to:

  • Discover the estimated value of their practice in real-time

  • Determine and rank their valuation and performance to a peer group of 289,000 advisors

  • Create a 29 page business valuation report with four different valuation parameters, including liquidation, assets, equity and enterprise

“As the leading provider of data to the financial services industry, we are always looking for ways to provide additional value to our clients. With BizEquity it’s a partnership that will help advisory firms understand business valuation to help their clients build wealth by better managing and growing their businesses. Industry providers also have the opportunity to contribute to this initiative,” stated Bob Herrmann, CEO of Discovery Data.

“It is very exciting to partner with Bob and Discovery Data as they are the most comprehensive data source for the financial advisor community. We serve over 800 industries to help financial advisors prospect new clients and better serve existing ones using our big data service. With this partnership, we have created the industry standard on how to value the financial advisory and wealth management community and will give advisors that try our service a sample of what we could offer them with our patented prospecting and engagement service,” commented Michael M. Carter, Founder and CEO of BizEquity.

The service is available at

About Discovery Data
Discovery Data offers a consolidated view of the financial services industry, including all BD and RIA firms, over 700,000 reps, 2,300 trust companies and 1.8 million insurance agents. Access is provided via subscription to an online portal and through a Salesforce app, custom API integrations, and secure HTTPS and FTP sites. In addition, Discovery Data is the industry leader in data hygiene services and expert in data-driven market insight and marketing campaigns. Many of the world's largest and most successful institutions rely on Discovery Data to understand the industry, and to identify, reach and do business with firms and professionals throughout North America. For more information, contact 732-933-1899 or

About BizEquity
Founded in 2011, BizEquity is the world’s leading provider of business valuation knowledge and big data. Having valued over 33 million private businesses to date, BizEquity’s vision is to value every private business in the world, and in the process democratize business valuation and performance knowledge for all businesses and financial institutions.

BizEquity has over 560 financial institutions subscribing to its patented service offering and was recently named one of the top 360 private companies by Entrepreneur Media. BizEquity also won Bank Director’s FinTech growth and innovation award, and its CEO Michael Carter has been named one of the top 100 leaders in Global Fintech, in addition to a top FinTech Influencer in the United States. For more information about BizEquity, please visit

© Discovery Data. All Rights Reserved.

12 Christopher Way, Suite 300, Eatontown, NJ 07724 | |