Compound Planning, a self-described digital family office created through acquisition in 2023added four more advisors and several executives to its management team, including new heads of engineering, commerce, product and finance, in late 2024.
The firm added a total of 30 advisors last year, surpassing the 10 advisors who joined the firm in 2023. This included 15 advisors who came on board only in the first two months of last year. The firm has also doubled its AUM in the past year to just over $2.5 billion today.
The newest recruits include Matt Faubion, a certified financial planner with over 12 years of industry experience. He spent the past five years running his own RIA, Faubion Wealth Management, in Dublin, California. He specializes in strategies related to equity compensation, concentrated capital positions and closely held businesses, such as stock option management, tax strategy, portfolio management, and wealth and asset protection.
Jakub Kubrak, a former advisor with Texas Capital Bank, joins Compound as a senior wealth advisor in Dallas. He has over 15 years of experience and focuses on advising retirees, business owners, early stage founders and employees, as well as family offices and institutions. Prior to Texas Capital Bank, he held positions at Fisher Investments and JP Morgan.
The complex also added Dimitry Farberov, a 17-year CPA and CFP professional in Los Angeles. Farberov joins the firm from Miracle Mile Advisors and specializes in behavioral finance, capital markets and technical analysis.
Faubion, Kubrak and Farberov bring in more than $180 million in combined assets.
Denver-based adviser Michael Hunter, who previously led a team of eight advisers with $2 billion in assets, has joined from Motley Fool Wealth Management. He also previously held stints at Personal Capital and Edward Jones. At Compound, he will lead a team of advisors who work directly with clients.
Last year's growth also allowed Compound to build its executive management team. The firm hired Allison Tully, a former financial services consultant at Guidepoint, as its new head of trading, a newly created role. She will support both buy-side and sell-side trading for the firm's advisors.
Steve Fallat joined last fall as head of engineering, also a new position. He was previously vice president of software engineering at Fetch, a rewards app.
Joey Silva has taken on the newly created role of chief financial officer 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 product lead. In this role, he will now oversee the firm's full suite of products.
Compound also added two people to its recruiting and sales team, including Teddy Levitt, a former manager of institutional relations at Causeway Capital Management. He will serve as director of advisor recruitment and sales. Tiffany Tocco has also joined as a director on the sales team. She was previously a strategic growth leader with Wipfli.
Compound was created in the third quarter of 2023, when co-founder Christian Haigh's 2-year-old RIA platform Alternative Wealth, which had been working to build backend and middleware software to help advisers manage their books, acquired Compound. a “Technology-enabled financial and tax advisor for technology 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 running of the company.
Some components of Compound's technology suite are built in-house, such as onboarding, account opening and a proposal generator. Others, including reporting and reconciliation, rely on API connections to third-party vendors.
With corporate headquarters in New York City, all of Complex's advisors work remotely from locations around the country. New advisors are hired as W-2 employees and adopt the Compound brand.
“A lot of (our growth is) a result of the work we've done, and we're providing advisors and empowering them with the tools, autonomy and equality they need to succeed,” Farman-Farmaian said. “Unlike many legacy firms that are more focused on extracting value, we are prioritizing delivering that value to both advisors and end clients.”