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Facet grows '10X,' hits $1 billion in AUM, reaps $100 million C-round, largely from DoorDash backers, and calls itself a 'fintech' company that happens to give advice by CFP

The Baltimore RIA had only raised $65 million in its first five years but jumped its overall haul to $165 million after its growth rate held up

Author Brooke Southall January 20, 2022 at 2:52 AM
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Anders Jones touts Facet's advice software and its subscription model.

Anders Jones


Facet Wealth

Gerri L.

Gerri L.

January 20, 2022 — 1:30 PM
Congratulations on these significant milestones, Anders! Cheers.
Brian Murphy

Brian Murphy

January 20, 2022 — 8:14 PM
If, in fact, the average fee for a Facet relationship is $3k on $100k in assets - this is ridiculous. I understand the game; Facet brings in individual clients and offloads them on independent CFPs. Facet pays the CFPs, so Facet's margin is some % of that subscription. But what's the justification for such fees?

Related Moves

April 3, 2019 at 2:22 AM

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