The self-described technology-centric wealth administration agency Farther has added SignalPoint Asset Administration, a registered funding advisor with roughly $650 million in belongings below administration, to its platform. That’s Farther’s largest partnership so far.
Springfield, Mo.-headquartered SignalPoint was based in 2008 and is now run by Managing Associate and CEO Jon Timson. The agency serves about 500 households via its Springfield and Madison, Wis. places.
The RIA will now function as SignalPoint powered by Farther, utilizing Farther’s expertise and operational help. Farther is a multi-custodial operation with belongings held at Schwab, Constancy, Pershing and Apex Clearing.
Farther advisors retain full possession of their books of enterprise and pay a income cut up to entry the agency’s sources, together with an funding desk and administrative help with advertising, compliance and human sources.
The agency at present manages over $5 billion in belongings throughout greater than 100 wealth managers and 5,000 shoppers.
In July, Farther introduced it handed the $3 billion AUM mark and the hiring of 32 new advisors.
Farther was based in 2019 and has raised greater than $118 million in whole funding, together with a $72 million Collection C spherical introduced in October that gave it a post-money valuation of $542 million.
In line with CEO and co-founder Taylor Matthews, a lot of the agency’s funding has gone to help the event of its custom-built expertise.
A part of that expertise is its proprietary wealth administration portal, which presents shoppers a single, unified view of their monetary holdings and merchandise.Â
The agency additionally makes strategic partnerships for extra expertise, having not too long ago introduced its integration with the property planning expertise supplier wealth.com in Might.