Company Details
Founded in April 2023 by former executives of United Capital – Mike Capelle, Gary Roth and Jason Gordo. United Capital was established in 2005 and grew to $25 billion in assets with 28,000 clients, 70 offices, and around 720 employees. United Capital sold to Goldman Sachs in 2019 for $750 million. The Modern Wealth Management Executive Team has completed over 100 RIA transactions. Modern Wealth Management has completed nine acquisitions since April 2023, with four more anticipated to close in 2024. Currently the firm has 114 employees, nine partner office locations and manages over $4B in client AUM. By year-end Modern Wealth Management is on track to employ 150 people, have 13-14 office locations and manage $6-7B in client AUM. With an ambitious goal of managing over $28B in client AUM by the end of 2028, we recognize achieving this milestone will require the addition of exceptional teams. Professionals who are not only driven to serve clients, mentor their team and grow; but who are also excited about the opportunity to build the next leading national firm. We seek partners who desire an influential role in shaping the future of our organization. By joining Modern Wealth Management early, teams can benefit from significant equity opportunities, positioning themselves more advantageously than they might in a larger, more established RIA.
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Acquisition Model
Max Cash: 100%
Max Equity: 25%
Modern's standard terms are ~20% held in retention for 12 months.
Mandatory Points of Alignment
Modern will centralize technology and operational functions.
Partners have full autonomy over their calendars.
When joining Modern, partners will have visibility into their local P&L.
Modern asks all partners to adopt their client experience.
Due to Modern's unique pod structure, they ask all partners to adopt their practice management structure.
Modern offers an investment platform for advisors to use, but the only requirement is to centralize trading.
Advisor Value Proposition
At Modern Wealth Management, they are building the go-to team for all things money-related, providing a range of services such as financial planning, tax planning, risk management, and estate planning. Modern's mission is to help clients feel confident about their financial choices and eliminate that stress. They believe it all begins with a solid financial plan that brings clarity to the client's goals. With Modern's advisory teams, they are built to work with clients across the United States.Modern Wealth is all about the Four Cs, starting with the client first.
Modern has a centralized planning team for partners to utilize as they see fit.
All offices benefit from centralized accounting, payroll, HR, billing, and more so the advisor can focus spend more time on client-facing activities.
Modern surrounds each servicing advisor with in-house specialists for tax preparation and strategy, risk management, estate planning, and investment solutions. The advisor is able to leverage these specialists throughout the client journey as goals evolve over time.
Modern helps its partners grow organically by implementing a variety of strategies. Modern has a marketing department whose sole job is to assist their partners in implementing an organic growth strategy appropriate for them based on their desire to grow and capacity to grow. Modern's marketing strategy involves centralized lead generation across multiple growth channels, leveraging platforms such as Zoe and SmartAsset, developing other industry-adjacent referral partnerships, and driving online traffic via podcasts, SEO, etc. These prospective clients are qualified and prepped for their Modern experience via a national concierge desk, before being matched to a Modern advisory team.
The leadership team of Modern is firmly committed to fostering the growth of its partners. Drawing on extensive experience in guiding companies through significant growth phases, the team is highly proficient in practice management protocols and best practices. As valued partners of Modern, partners will enjoy exclusive access to the application of established practice management processes that facilitate growth and streamline workflows, resulting in a more efficient work environment.
AUM Growth
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