Modern wealth management came into play. after launched last spring the brainchild of a trio of Goldman Sachs executives from United Capital — Gary Roth, Mike Capelle and Jason Gordo — the firm has grown rapidly to more than $3 billion in assets under management in 10 locations through a series of PURCHASESbacked by $200 million in private capital.
This week, Modern Wealth announced that it has tapped another former Goldman executive to come in and enhance the service's capabilities in support of organic growth as national inorganic efforts continue.
Jason Del Col, who was head of advisory services for United Capital and Goldman Sachs (after the acquisition of United Capital) from 2008 until yesterday, has taken on the same role at Modern Wealth. In the newly created position, he will help build a comprehensive platform of advisory services that includes financial, retirement and tax planning, investment management and other tailored services.
Del Col will also manage growth strategy, work to attract more consulting talent and oversee centralized lead generation, distribution and onboarding functions. Prior to joining United Capital, Del Col was a founding team member at BNP Paribas Asset Management (formerly FundQuest), where he spent a decade providing platform and product direction for a variety of financial advisory channels.
“I have had the great privilege of calling Gary, Jason and Mike colleagues for many years. I am energized by the opportunity to join forces once again to help drive the firm's strategic direction, including our advisory services and organic growth strategy,” Del Col said in a statement.
“We were looking for a proven leader with a strong track record in the industry – someone who can help drive growth and improvements for our offices around the country,” added Roth, co-founder and CEO of Modern Wealth. “Leveraging Jason's industry expertise and execution ability in building wealth management platforms, including advisor teams and client bases, is critical to our growth initiatives.”
The announcement follows Modern Wealth's sixth purchase. Establishing the firm's first New York office, Beltz Ianni & Associates created a retirement plan division and added $1.2 billion in assets, bringing the fast-growing firm to more than $3 billion in just 12 month.
“We will continue to build talent and capacity in financial planning and tax planning, management and compliance work—actually signing 1040s for clients—as well as working very closely with the Beltz Ianni team, especially Michelle, around the plan of the construction corporation pension,” said President Jason Gordo WealthManagement.com last month. “Planners, CPAs and corporate retirement plan talent is what we're looking for right now and we're finding a tremendous amount of opportunity in the market. ”
Future acquisitions will also be on the East Coast, according to Gordo, who added, “But we have a lot of activity and things we'll talk about soon on the West Coast.”
Modern wealth management is supported by Crestview Partners.