Compound Planning, a self-described digital family office created via acquisition in 2023, has added seven advisors, including a four-person team with $1.2 billion in assets. That team will seed Compound’s new Des Moines, Iowa, office and joins the firm from Choreo.
At the end of January, Compound surpassed $3 billion in assets under management, excluding the assets of the seven new advisors.
The Des Moines team includes wealth advisors Aaron Schomer, Joleen Scheer, Lindsey O’Neil and Kevin Lors.
“As we evaluated our next step, it became clear that Compound will empower each of us to continue offering our clients holistic counsel, but also equip us with new resources to elevate our services,” Lors said in a statement.
Compound has also recruited Boyan Doytchinov, a New York-based advisor. Most recently, he served as director of financial planning at Mark J. Snyder Financial Services. He joins Compound as a senior vice president and wealth advisor.
Wiley Belknap also moved to the RIA in Pittsburgh as a vice president and wealth advisor. He was previously a wealth advisor and team lead at Motley Fool Wealth Management and provides investment management, employee benefit optimization and tax planning services for high-net-worth individuals and Fortune 500 executives.
Patrick Scherer, also in Pittsburgh, has joined as a senior vice president and wealth advisor. He came from CW Advisors, where he served as a wealth manager. He specializes in tax and income planning, trust and estate design, concentrated position hedge strategies and alternative investments for high-net-worth retirees and pre-retirees.
Doytchinov, Belknap and Scherer previously managed about $300 million in cumulative assets.
This follows the firm adding 30 advisors last year, surpassing the 10 advisors who joined in 2023. That included 15 advisors who came on board in just the first two months of last year. The firm doubled its assets in 2024.
Last year’s growth also allowed Compound to build out its executive leadership team. The latest addition includes Courtney Holt, who was named chief compliance officer in January. She joins from Perigon Wealth Management, where she served in the same role. She’ll be responsible for the firm’s regulatory and compliance operations.
Other recent hires include Allison Tully, a former financial services consultant at Guidepoint, who will be head of trading, a newly created role. She’ll support both buy- and sell-side trading for the firm’s advisors.
Steve Fallat came over last fall as head of engineering, also in a new position. He was previously vice president of software engineering at Fetch, a rewards app.
Joey Silva has assumed the newly created role of head of finance at Compound. He previously held a similar position at Notable, an AI platform for healthcare operations.
Nelson Arnous, a product manager at Compound, was promoted to the new role of head of product.
Compound also added two people to its recruiting and sales team, including Teddy Levitt, a former institutional relationship manager at Causeway Capital Management. He’ll serve as a director of advisor recruiting and sales. Tiffany Tocco has also joined the sales team as a director from Wipfli.
Compound was created in the third quarter of 2023, when co-founder Christian Haigh’s two-year-old RIA platform, Alternativ Wealth, which had been working to build back and middle-office software to help advisors manage their books, bought Compound, a “tech-enabled financial and tax advisor for tech executives.”
Gabe Krambs was a co-founder in the early stages of the company, but he has since taken a step back from the business. Haigh and Alex Farman-Farmaian, another co-founder, handle the day-to-day leadership of the company.
Some components of Compound’s technology stack are built in-house, such as onboarding, account opening and a proposal generator. Others, including reporting and reconciliation, rely on API connections with third-party vendors.
With corporate headquarters in New York City, all Compound advisors work remotely from locations around the country. New advisors are hired as W-2 employees and adopt Compound branding.