The self-described technology-centric wealth management firm Farther has added SignalPoint Asset Management, a registered investment advisor with approximately $650 million in assets under management, to its platform. That is Farther’s largest partnership to date.
Springfield, Mo.-headquartered SignalPoint was founded in 2008 and is now run by Managing Partner and CEO Jon Timson. The firm serves about 500 families through its Springfield and Madison, Wis. locations.
The RIA will now operate as SignalPoint powered by Farther, using Farther’s technology and operational support. Farther is a multi-custodial operation with assets held at Schwab, Fidelity, Pershing and Apex Clearing.
Farther advisors retain full ownership of their books of business and pay a revenue split to access the firm’s resources, including an investment desk and administrative support with marketing, compliance and human resources.
The firm currently manages over $5 billion in assets across more than 100 wealth managers and 5,000 clients.
In July, Farther announced it passed the $3 billion AUM mark and the hiring of 32 new advisors.
Farther was founded in 2019 and has raised more than $118 million in total funding, including a $72 million Series C round announced in October that gave it a post-money valuation of $542 million.
According to CEO and co-founder Taylor Matthews, much of the firm’s funding has gone to support the development of its custom-built technology.
Part of that technology is its proprietary wealth management portal, which offers clients a single, unified view of their financial holdings and products.
The firm also makes strategic partnerships for additional technology, having recently announced its integration with the estate planning technology provider wealth.com in May.
