Posted on 04/06/2023
Former Goldman Sachs and United Capital executives Gary Roth, Mike Capelle, and Jason Gordo got here collectively to kind Fashionable Wealth Administration. It’s a registered funding advisory (RIA) firm for monetary professionals and their purchasers. Now they’ve a US$ 200 million funding from Crestview Companions, a PE agency. Fashionable Wealth Administration plans to amass RIAs in areas throughout the US to construct an built-in enterprise “that empowers the success of economic advisors with growth-accelerating consumer service assets, specialised planning specialists and fashionable know-how,” says the corporate. Fashionable Wealth Administration retains CFPs, tax planners, danger managers, CFAs, property planners and others, to assist advisors construct a menu of consumer companies.
Jason Gordo commented: “Once I joined . . . it was as a result of I needed so as to add my experience to one thing bigger. Upon assembly Mike, Gary and the remainder of the staff, I acknowledged an incredible alternative and shortly made the choice to hitch them in creating what I imagine to be one thing particular. Right here at Fashionable Wealth, we’re bringing a recent partnership method with an finish purpose of modernizing the best way a wealth administration agency serves and cares for purchasers.”
Crestview Companions is value-oriented PE agency that manages funds with roughly US$ 9 billion in AUM. Targets embrace investments in a various lineup together with monetary companies, media, industrials, and vitality.
