Two teams of advisors managing more than $1 billion each have announced major decisions about their futures.
After almost a quarter of a century, Carolinas Wealth Consulting (which does business as Carolinas Investment Consulting) has joined Captrust and will take on the mega RIA’s brand in line with other firms that have become part of a firm that last year passed the $1 trillion AUM milestone which CEO Fielding Miller described as “a surreal achievement.”
While CIC’s is a more modest, but still impressive, $1.4 billion in assets, the firm founded by former EF Hutton and Wheat Securities advisor George Edmiston has grown from a small independent firm to one with a team of 20 and clients in 30 states.
“Captrust got better today, and we are thrilled to have the CIC team join us,” Miller said. “George and I have been friends and competitors for over 20 years. CIC has had a sterling reputation in the Carolinas which will immediately improve our market opportunities and elevate our brand.”
Meanwhile, Compound Planning has added a successful team to its digital family office team.
Aaron Schomer, Joleen Scheer, Lindsey O'Neil, and Kevin Lors were previously wealth advisors with Choreo where they managed $1.2 billion. They have opened Compound’s new office in Des Moines, Iowa.
“The recruiting environment is more competitive than ever, but we’re thrilled to welcome them to the team and allow them to spearhead our new office location,” said Christian Haigh, co-founder and CEO of Compound.
Compound has seen a strong start to 2025, recently announcing that its assets under management had passed $3 billion having added 30 advisors and doubled its AUM in 2024. It also hired a new head of wealth management, head of advisory operations, and general counsel.
At the start of this year, the firm also hired Courtney Holt as chief compliance officer, adding experience gained over 20 years in the industry including 12 at independent RIAs, and most recently CCO of Perigon Wealth Management.
Mercer, Focus Partners Wealth, Mariner, Creative Planning and Captrust top the leaderboard tracking AI search results for RIA firms.
"We believe this model will help younger investors – and any investors who value a hybrid advice experience,” said Ryan Robson, principal at Edward Jones.
Conte Wealth Advisors reportedly has $1.4 billion in client assets and 20 advisors.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
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