David Canter, the former head of RIAs and household workplaces at Constancy Institutional and ephemeral president of Bluespring Wealth Companions, has joined the board of administrators at Parallel Advisors, a registered funding advisor with $7.5 billion in consumer property.
“David’s repute precedes him as an admired and influential professional within the RIA area,” mentioned Parallel Advisors CEO C.J. Rendic in an announcement. “His deep understanding of platforms and ecosystems will probably be invaluable as we pursue our strategic progress aims and strengthen our place as a world-class impartial wealth administration agency.”
Canter stepped down as president of Bluespring, the RIA acquisition arm of Kestra Holdings, final August. In February, he grew to become a strategic advisor to the digital options platform CAIS. He’s additionally the CEO of Finley Level Technique LLC, a consulting agency to the wealth, asset administration and fintech ecosystem.
Previous to becoming a member of Bluespring, Canter spent 13 years at Constancy Institutional, the place he led the RIA and household workplace segments.
San Francisco-based Parallel bought a minority stake within the RIA to Emigrant Companions, a enterprise arm of New York Non-public Financial institution & Belief subsidiary Emigrant Financial institution, in 2020. Emigrant exited its funding within the agency in 2023, with personal fairness agency Golden Gate Capital buying a majority stake.
