A digital family office formed by the merger of financial and tax advisory service Compound and digital RIA Alternativ Wealth in September 2023 has announced a new milestone.
Compound Planning has seen strong growth in the past six months, including nine advisors who joined from Personal Capital in January and twelve more from several firms, a total of 21 new advisors since the start of the year and more than 30 overall.
Meanwhile, the firm’s AUM has broken through the $2 billion mark, a figure that has grown 80% since the merger.
"Managing $2 billion of client assets is a testament to our team’s dedication and the trust our clients place in us," said Christian Haigh, co-founder and CEO of Compound Planning. "Our rapid growth reflects our unwavering commitment to delivering top-notch financial planning and wealth management solutions to our diverse clientele. And it’s why we continue to attract exceptionally talented financial advisors.”
The latest advisors to join the firm are:
“I am thrilled to welcome these six advisors, whose extensive experience and commitment to excellence further enhance the personalized, tech-enabled services we provide,” added Haigh.
Advisors argue that there are other means to drive growth than requesting referrals.
The partnership, which extends to CRM leaders Practifi, XLR8 and Salentica will give advisors a smoother path toward managing their clients' held-away cash assets.
The BD giant's latest eight-advisor recruitment burst gives it additional footholds in Ohio and Florida.
The price tag for the 40 to 50 financial advisors is up to $35 million.
The giant asset manager's "timing is interesting", says analyst as State Street goes the other way, seeking approval for mutual fund share classes of existing ETFs.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.