Nimesh Patel is no longer with Carson Group, less than two years after he was named the firm’s first chief technology officer.
The Omaha, Nebraska-based wealth management firm, which manages $28.2 billion in assets across more than 140 advisory offices, announced Patel’s appointment to the newly created CTO position in February 2022. The company confirmed Thursday that Patel is no longer with the company but didn't specify when his position ended.
It's not clear if Patel left the company or if he was terminated. Carson Group did not respond to a request for additional comment.
Patel’s LinkedIn profile still lists him as the firm’s CTO. Patel declined to comment.
When Carson announced the hire, the firm touted Patel’s 20 years of experience in technology and strong record in developing product teams. Prior to Carson, Patel was CEO of Prefix Health Technologies, a social benefits technology. He also held executive positions at Cresset, a capital markets startup, and was a director of group technology of UBS Hong Kong.
“Nimesh has an impressive background in product strategy and engineering, software architecture, and creating behavior-driven user engagement experiences. His deep technical expertise will be an invaluable asset to our leadership team as we work together to propel Carson into its next phase of growth,” Teri Shepherd, president at Carson Group, said in a 2022 statement.
InvestmentNews reach out to several of Carson Group's fintech providers for more information regarding Patel's departure. The companies either declined to comment, said they had no additional information, or did not respond to a request for comment.
Carson Group has used mergers and acquisitions to grow into of the largest independent firms in the industry. The firm recent announced an equity partnership with Northwest Capital Management, a firm with $5 billion in AUM.
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.
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.
“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.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
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.
