Independent Advisor Alliance and Compound Planning have announced key growth milestones as they gear up for continued momentum in 2025.
IAA, the North Carolina-based hybrid firm focused on supporting independent advisors, revealed it had crossed $20 billion in assets under supervision in 2024.
“Crossing this threshold highlights the trust our advisors place in us and the relentless commitment of our team to their growth,” Robert Russo, founder and CEO of Independent Advisor Alliance, said in a statement Wednesday.
In addition to its asset growth, the company announced three new hires to strengthen its advisor support network: Emily Blackwell as director of transitions, Lauren Grames as director of advisor technology, and Jamie Summerlin as director of advisor success.
The firm also highlighted its strategic integration with Pontera, the 401(k)-focused fintech platform, which added Hightower to its network of partner firms earlier this month.
“This is just the beginning,” Russo said. “Our commitment to excellence, integrity, and client-focused service remains at the heart of everything we do, and we’re excited about what the future holds for our advisors and their clients.”
Meanwhile, Compound Planning announced it had added nine professionals to its team, including four financial advisors. During 2024, the firm said it added 30 advisors in its network managing $2.5 billion for high-net-worth entrepreneurs, professionals, families, and retirees.
This growth builds on the digital family office and tech-driven RIA's recruitment success in 2023, when 10 advisors joined. Compound Planning was formed in September 2023 with the combination of two VC-backed startups, Compound and Alternative Wealth.
“We’re thrilled to continue expanding our team, as these strategic hires position our firm for sustained growth in 2025 and beyond,” Alex Farman-Farmaian, co-founder and managing director of Compound Planning, said Thursday.
The firm also highlighted several leadership additions to bolster its operational and technological capabilities, including Allison Tully as head of trading, Steve Fallat as head of engineering, Joey Silva as head of finance, and Nelson Arnous as head of product.
"While I’m proud of our firm’s recent success, I also know that we have a long runway for continued growth, and we will remain committed to offering advisors and high-net-worth clients the modern advisory solutions they deserve,” Farman-Farmaian said.
The new regional leader brings nearly 25 years of experience as the firm seeks to tap a complex and evolving market.
The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.
David Lau, founder and CEO of DPL Financial Partners, explains how the RIA boom and product innovation has fueled a slow-burn growth story in annuities.
Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."
Meanwhile in Chicago, the wirehouse also lost another $454 million team as a group of defectors moved to Wells Fargo.
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.
