Farther adds $120M firm with science-backed approach to wealth management

Farther adds $120M firm with science-backed approach to wealth management
The latest addition to the tech-driven firm combines wellness and finances.
FEB 07, 2025

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.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.