The self-described technology-centric wealth administration agency Farther has added SignalPoint Asset Administration, a registered funding advisor with roughly $650 million in property below administration, to its platform. That’s Farther’s largest partnership up to now.
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 by means of 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 property 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 assets, together with an funding desk and administrative help with advertising and marketing, compliance and human assets.
The agency presently manages over $5 billion in property throughout greater than 100 wealth managers and 5,000 purchasers.
In July, Farther announced it passed 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 Sequence 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 gives purchasers a single, unified view of their monetary holdings and merchandise.
The agency additionally makes strategic partnerships for added expertise, having recently announced its integration with the estate planning technology provider wealth.com in May.
