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

Farther debuts AI investment proposal tool for advisors to win clients
Farther debuts AI investment proposal tool for advisors to win clients

"Im glad to see that from a regulatory perspective, we're going to get the ability to show we're responsible [...] we'll have a little bit more freedom to innovate," Farther co-founder Brad Genser told InvestmentNews.

Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler
Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler

Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.

Are you optimally efficient?
Are you optimally efficient?

Taking a systematic approach to three key practice areas can help advisors gain confidence, get back time, and increase their opportunities.

Advisor moves: Father-son duo leaves Raymond James for LPL, RayJay adds Merrill Lynch alum in Florida
Advisor moves: Father-son duo leaves Raymond James for LPL, RayJay adds Merrill Lynch alum in Florida

Meanwhile, Osaic lures a high-net-worth advisor from Commonwealth in the Pacific Northwest.

Beacon Pointe adds six RIAs in two-month acquisition spree, boosting AUM by $2.7B
Beacon Pointe adds six RIAs in two-month acquisition spree, boosting AUM by $2.7B

The deals, which include its first stake in Ohio, push the national women-led firm up to $47 billion in assets.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

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.