A California-based firm has added $120 million to the more than $5 billion in clients assets managed by tech-centric wealth management firm Farther.
WMBC was co-founded 22 years ago by wealth advisor Scott Coles, ChFC, CLU, who has more than 40 years in the wealth management industry. Together with president and wealth advisor David Coles, and financial paraplanner Shirly Chyan, FPQP, the team are joining Farther to take the next step of their firm’s evolution.
While the new partnership offers value for WMBC through access to Farther’s proprietary platform and back office support services, it also enables the firm to reach more clients with its Human Wealth method which combines wellness and financial planning in a science-backed approach developed in collaboration with sociologists and psychologists.
“From our first meeting, we recognized that our core values and beliefs aligned with Farther’s: ‘putting humans first’ and ‘ground in research and data,’” said Scott and David Coles. “We are excited for the opportunities Farther has made possible to help us enhance our work and deliver deeper value to our clients.”
Taylor Matthews, CEO and co-founder of Farther, who recently shared with InvestmentNews what’s sharing the firm’s rapid growth, says WMBC aligns with Farther’s delivering thoughtful, results-driven financial advice that makes a meaningful difference for clients and their families.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.