Built-in Companions, a CPA-focused hybrid RIA and workplace of supervisory jurisdiction of LPL Monetary with over $17 billion in AUA, added CoFi Advisors, a Portsmouth, N.H.-based apply with about $185 million in property.
CoFi Advisors was co-founded by Wheeler Crowley and Colin Walker, who left Ameriprise Monetary after seven years. They’re joined by Shania Mulley, a registered shopper service affiliate and apply supervisor.
CoFi will now have entry to Built-in’s sources, together with its Enterprise Proprietor Options, Insurance coverage Options Division and Built-in Household Workplace.
The staff was significantly interested in Built-in’s CPA Alliance, which connects advisors with greater than 170 tax practices in want of a wealth administration platform. They see it as a possibility to develop their enterprise organically and scale by way of CPA partnerships.
“Whereas many advisors battle to realize natural progress, we’re assured that packages like Built-in’s CPA Alliance will assist us unlock entry to a broader set of potential purchasers,” Walker mentioned in an announcement. “We’re wanting to see how this partnership may also help us develop in a measured and strategic method, enhancing our capability to serve our purchasers successfully.”
Established in 1996, Built-in Companions is wholly owned by CEO Paul Saganey. The mannequin relies on offering the sources and coaching advisors must take their practices to the following stage. The CPA Alliance provides a captive pool of ultra-wealthy purchasers that Built-in advisors can faucet into whereas giving CPA professionals the instruments they should handle more and more advanced shopper wants.
Final yr, the agency introduced its first full acquisition and created an affiliated insurance coverage enterprise, headed up by Peter Kaplan. A household workplace providing for households with at the least $20 million in investable property can also be out there, in addition to a W-2 possibility.
