Two teams of advisors managing more than $1 billion each have announced major decisions about their futures.
After almost a quarter of a century, Carolinas Wealth Consulting (which does business as Carolinas Investment Consulting) has joined Captrust and will take on the mega RIA’s brand in line with other firms that have become part of a firm that last year passed the $1 trillion AUM milestone which CEO Fielding Miller described as “a surreal achievement.”
While CIC’s is a more modest, but still impressive, $1.4 billion in assets, the firm founded by former EF Hutton and Wheat Securities advisor George Edmiston has grown from a small independent firm to one with a team of 20 and clients in 30 states.
“Captrust got better today, and we are thrilled to have the CIC team join us,” Miller said. “George and I have been friends and competitors for over 20 years. CIC has had a sterling reputation in the Carolinas which will immediately improve our market opportunities and elevate our brand.”
Meanwhile, Compound Planning has added a successful team to its digital family office team.
Aaron Schomer, Joleen Scheer, Lindsey O'Neil, and Kevin Lors were previously wealth advisors with Choreo where they managed $1.2 billion. They have opened Compound’s new office in Des Moines, Iowa.
“The recruiting environment is more competitive than ever, but we’re thrilled to welcome them to the team and allow them to spearhead our new office location,” said Christian Haigh, co-founder and CEO of Compound.
Compound has seen a strong start to 2025, recently announcing that its assets under management had passed $3 billion having added 30 advisors and doubled its AUM in 2024. It also hired a new head of wealth management, head of advisory operations, and general counsel.
At the start of this year, the firm also hired Courtney Holt as chief compliance officer, adding experience gained over 20 years in the industry including 12 at independent RIAs, and most recently CCO of Perigon Wealth Management.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
