Articles tagged "Anders Jones"
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Facet Wealth (mostly) borrows $35 million after three years of sober cash rationing, but -- after self-curbing growth -- analysts see upsides
The Baltimore firm has now raised $245 million to get to 55 advisors serving subscriptions and 15,000 clientele, short of 24,000 target set in 2021, but advisor efficiency is up and cash burn down almost to zero.
November 2, 2024 at 1:38 AM
Facet Wealth throws a lifeline to struggling 'insurtech' firm amid an industry shakeout; Facet is delivering a mother lode of referrals and asking nothing in return
Policygenius does the heavy lifting and keeps commissions, but the national RIA has 500 CFP-administered financial plans that include executed insurance policies for younger clients.
August 2, 2022 at 1:47 AM
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
January 20, 2022 at 2:52 AM
RIAs may face ticking time bomb after SEC slams a $1.9-billion RIA for neglecting 'orphan' accounts while charging fees, a problem that may be industrywide
Thousands of clients may be getting lost in the shuffle in the face of strong inorganic RIA growth -- an obscure problem until federal regulators gave Regal Investment Advisors the royal treatment, in part, for charging full fees and failing to disclose reduced service.
October 26, 2021 at 7:39 PM
Facet Wealth is doubling in size every six months with subscription model, on-the-job training, no central offices and a rising belief it can be the 'next Fidelity'
With Warburg Pincus spigots flowing, the Baltimore-based $502-million AUM RIA does its part by keeping overhead radically low and worker care high.
March 26, 2021 at 12:21 AM
Facet Wealth fast-forwards five years in last five months and gets a 'next-Schwab' nod and fresh $25 million from (owner) Warburg
Under its 33 year-old CEO, the Baltimore firm is selling planning subscriptions to corporations and scraps criticized too-clever M&A
October 1, 2020 at 6:45 AM
Facet Wealth gets Vanguard's RIA man in Arizona with hopes he can replicate the fund firm's $115-billion success--before burning through Facet's VC backing
Fresh off 27 new hires, 400 new clients, $47 million in fresh assets, Facet CEO Anders Jones knows he needs one hire for new AUM and new CFPs in grand measure
