A digital family office is positioning for growth with some strategic hires, following two significant recent milestones.
This year, Compound Planning has achieved assets under management of more than $2 billion and a financial advisor headcount of more than 30. The New York headquartered firm has now announced the hire of heads of wealth management and advisory operations along with a general counsel.
The three seasoned industry professionals announced today (September 12) join amid the firm’s rapid growth and commitment to providing cutting-edge, client-centric wealth management solutions.
Hired as head of wealth management is Eric Flynn, CPA, CFA, whose 23 years in wealth management includes roles as director of Alliance Management at Wipfli, and as a principal and senior financial advisor at Wipfli Financial Advisors, advising high-net-worth clients and providing family office services.
“When I first met the team, two things stood out to me: the quality of the technology and how much it could have helped me during my family office days; and the quality of the advisors and how much value they deliver to their clients.”
Brent Myers is the new head of advisory operations and has more than 20 years in the industry including leadership roles at JP Morgan Asset Management and Goldman Sachs. He leads a team of eight client service associates who joined Compound Planning earlier this year.
Finally, general counsel Marc Primiani joins from Aspiriant, an advisory firm with approximately $15 billion that he co-founded.
Christian Haigh, co-founder and CEO of Compound Planning, which was formed from a merger of two startups in 2023, says the trio of hires bring invaluable experience and strategic insight to the firm at a critical time in its growth journey.
“Their expertise and leadership further validates the value that our AI and tech-enabled platform brings to advisors and their clients,” he said. “We are thrilled to have them onboard as we continue to build the operating system for 21st-century wealth management. The market is voting with its feet.”
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.
