Abbas Hasan, chief working officer at Pure Monetary Advisors, an $8 billion RIA backed by Emigrant Companions and Lee Fairness Companions, has departed the agency, in accordance with regulatory filings and the agency’s web site.
Hasan was faraway from the RIA’s Type ADV as a direct proprietor of the corporate on Could 12, and his profile was taken off the agency’s web site this week.
Pure employed Hasan in November 2022 as COO, giving him accountability for all operational features of the agency, together with enterprise operations, human assets, compliance and know-how.
Previous to becoming a member of Pure, he was head of product and technique for all of LPL Monetary’s SaaS and outsourced enterprise merchandise.
Hasan and a spokeswoman for Pure didn’t reply to requests for remark previous to publication.
Pure Monetary Advisors was based in 2007; the agency is headquartered in San Diego, Calif., and has 11 places of work all through the Western and Central U.S. It presently serves over 6,253 households and purchasers.
The agency not too long ago introduced its second acquisition of the 12 months and sixth in complete by bringing on Fairhaven Wealth Administration of Wheaton, Unwell., with $900 million in consumer belongings.
