Compound Planning, a self-described digital household workplace created through acquisition in 2023, added 4 extra advisors and a number of other executives to its management group, together with new heads of engineering, buying and selling, product and finance, on the finish of 2024.
The agency added 30 complete advisors final yr, surpassing the ten advisors who joined the agency in 2023. That included 15 advisors who got here on board in simply the primary two months of final yr. The agency has additionally doubled its AUM within the final yr to simply over $2.5 billion right now.
The most recent recruits embody Matt Faubion, a licensed monetary planner with over 12 years of business expertise. He spent the final 5 years operating his personal RIA, Faubion Wealth Administration, in Dublin, Calif. He makes a speciality of methods tied to fairness compensation, concentrated fairness positions, and intently held companies, comparable to inventory choice administration, tax technique, portfolio administration, and property and wealth safety.
Jakub Kubrak, a former advisor with Texas Capital Financial institution, joins Compound as a senior wealth advisor in Dallas. He has 15-plus years of expertise and focuses on advising retirees, enterprise house owners, founders, and early workers, in addition to household places of work and establishments. Earlier than Texas Capital Financial institution, he held positions at Fisher Investments and JP Morgan.
Compound additionally added Dimitry Farberov, a 17-year CPA and CFP skilled in Los Angeles. Farberov joins the agency from Miracle Mile Advisors and makes a speciality of behavioral finance, capital markets and technical evaluation.
Faubion, Kubrak and Farberov convey greater than $180 million in mixed property.
Denver-based advisor Michael Hunter, who beforehand led a group of eight advisors with $2 billion in property, has come on board from Motley Idiot Wealth Administration. He additionally beforehand had stints at Private Capital and Edward Jones. At Compound, he’ll lead a group of advisors who work instantly with shoppers.
Final yr’s development additionally allowed Compound to construct out its govt management group. The agency employed Allison Tully, a former monetary providers guide at Guidepoint, as its new head of buying and selling, a newly created function. She’ll help each buy- and sell-side buying and selling for the agency’s advisors.
Steve Fallat joined final fall as head of engineering, additionally a brand new place. He was beforehand vice chairman of software program engineering at Fetch, a rewards app.
Joey Silva has assumed the newly created function of head of finance at Compound. He beforehand held an analogous place at Notable, an AI platform for healthcare operations.
Nelson Arnous, a product supervisor at Compound, was promoted to the brand new function of head of product. On this function, he’ll now oversee the agency’s full product suite.
Compound additionally added two folks to its recruiting and gross sales group, together with Teddy Levitt, a former institutional relationship supervisor at Causeway Capital Administration. He’ll function a director of advisor recruiting and gross sales. Tiffany Tocco has additionally joined as a director on the gross sales group. She was beforehand a strategic development chief with Wipfli.
Compound was created within the third quarter of 2023, when co-founder Christian Haigh’s 2-year-old RIA platform, Alternativ Wealth, which had been working to construct again and middle-office software program to assist advisors handle their books, purchased Compound, a “tech-enabled monetary and tax advisor for tech executives.”
Gabe Krambs was a co-founder within the early levels of the corporate, however he has since taken a step again from the enterprise. Haigh and Alex Farman-Farmaian, one other co-founder, deal with the day-to-day management of the corporate.
Some elements of Compound’s know-how stack are constructed in-house, comparable to onboarding, account opening and a proposal generator. Others, together with reporting and reconciliation, depend on API connections with third-party distributors.
With company headquarters in New York Metropolis, all Compound advisors work remotely from places across the nation. New advisors are employed as W-2 workers and undertake Compound branding.
“Quite a lot of [our growth is] the results of the work we’ve been placing in, and we’re delivering to the advisors and empowering them with the instruments and autonomy and fairness they should succeed,” mentioned Farman-Farmaian. “Not like lots of the legacy corporations which are targeted extra on worth extraction, we’re prioritizing delivering that worth to each the advisors and finish shoppers.”
