Compound Planning, a self-described digital family office created via acquisition in 2023, added four more advisors and several executives to its leadership team, including new heads of engineering, trading, product and finance, at the end of 2024.
The firm added 30 total advisors last year, surpassing the 10 advisors who joined the firm in 2023. That included 15 advisors who came on board in just the first two months of last year. The firm has also doubled its AUM in the last 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 last five years running his own RIA, Faubion Wealth Management, in Dublin, Calif. He specializes in strategies tied to equity compensation, concentrated equity positions, and closely held businesses, such as stock option management, tax strategy, portfolio management, and estate and wealth protection.
Jakub Kubrak, a former advisor with Texas Capital Bank, joins Compound as a senior wealth advisor in Dallas. He has 15-plus years of experience and focuses on advising retirees, business owners, founders, and early employees, as well as family offices and institutions. Before Texas Capital Bank, he held positions at Fisher Investments and JP Morgan.
Compound 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 more than $180 million in combined assets.
Denver-based advisor Michael Hunter, who previously led a team of eight advisors with $2 billion in assets, has come on board from Motley Fool Wealth Management. He also previously had stints at Personal Capital and Edward Jones. At Compound, he'll lead a team of advisors who work directly with clients.
Last year’s growth also allowed Compound to build out its executive leadership team. The firm hired Allison Tully, a former financial services consultant at Guidepoint, as its new head of trading, a newly created role. She’ll support both buy- 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 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. In this role, he’ll now oversee the firm’s full product suite.
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 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, 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.
“A lot of [our growth is] the result of the work we’ve been putting in, and we’re delivering to the advisors and empowering them with the tools and autonomy and equity they need to succeed,” said Farman-Farmaian. “Unlike a lot of the legacy firms that are focused more on value extraction, we’re prioritizing delivering that value to both the advisors and end clients.”
