Compound Planning, a self-described digital household workplace created through acquisition in 2023, added 4 extra advisors and several other executives to its management staff, 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 embrace Matt Faubion, an authorized 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 focuses on methods tied to fairness compensation, concentrated fairness positions, and intently held companies, akin to inventory possibility 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 homeowners, founders, and early staff, in addition to household workplaces 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 focuses on behavioral finance, capital markets and technical evaluation.
Faubion, Kubrak and Farberov carry greater than $180 million in mixed belongings.
Denver-based advisor Michael Hunter, who beforehand led a staff of eight advisors with $2 billion in belongings, 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 staff of advisors who work immediately with purchasers.
Final yr’s development additionally allowed Compound to construct out its govt management staff. The agency employed Allison Tully, a former monetary providers advisor at Guidepoint, as its new head of buying and selling, a newly created position. She’ll assist 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 vp of software program engineering at Fetch, a rewards app.
Joey Silva has assumed the newly created position 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 position of head of product. On this position, he’ll now oversee the agency’s full product suite.
Compound additionally added two folks to its recruiting and gross sales staff, 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 staff. 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 parts of Compound’s know-how stack are constructed in-house, akin 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 staff and undertake Compound branding.
“A whole 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,” stated Farman-Farmaian. “Not like numerous the legacy companies which might be targeted extra on worth extraction, we’re prioritizing delivering that worth to each the advisors and finish purchasers.”
