Kupfer. Assists the Transition of Another Multi-Billion-Dollar Non-Protocol Breakaway Team

Kupfer., PLLC provided legal representation to Veracity Capital, whose principals manage approximately $2.5B in AUM, in their transition from AYCO, a Goldman Sachs company, to RIA independence.  Veracity Capital has joined the F3Logic, LLC platform.  F3 Logic, which Kupfer. helped launch last year as well, added Veracity Capital to their growing list of partnered firms including CIG Financial Services, Compass Point Retirement Planning, Financial Consultants of America, and Kusske Financial Asset Management.

“This move to RIA independence is another example of a large non-Protocol team making the leap to independence. Despite the evolution in the industry and withdrawal from the Protocol for Broker Recruiting of some firms, the trend toward independence is still going strong,” says Corey Kupfer, principal of Kupfer.  “We are excited for our clients Veracity Capital and F3 Logic and look forward to supporting their future growth.”

Veracity Capital is a wealth advisory firm with offerings that include strategic wealth management, financial planning, investment management, and risk management. Veracity Capital serves on behalf of their clients as trusted fiduciary partners with methods that are efficient, objective, and strictly focused on each client's best interest.

Veracity Capital CEO, Kevin S. Gray said, "We're excited to work in tandem with the F3Logic team and tap into the intellectual capital and technology they provide."

F3Logic works as “RIA architects” and invests time learning about advisors’ needs and their practice, mapping out the most beneficial structure, and helping build that solution. Through their expertise and platform, they are able to engineer and maintain firms that are independent from large financial institutions.

Richard DeSalvo, F3Logic COO, says, “The Veracity Capital team stands on the idea that truth builds trust. In our industry, that means offering true fiduciary services to our clients. Through F3Logic, Veracity Capital will have the support to provide a fiduciary focus and establish a deeper trust with their clients.”

Breakaway teams and onboarding RIA firms benefit greatly from the changing landscape when they utilize industry experts to create strategies and provide advice to help assure smooth and successful transitions. The attorneys at Kupfer. have worked with hundreds of breakaway teams and on-boarding firms creating strategies and providing advice to help assure smooth and successful transitions. If you would like more information about this topic, please call Corey Kupfer at (646)-751-7516 or email him at ckupfer@kupferlaw.com.

Kupfer. works with RIA firms through every stage of development of their business – from working with break-away brokers on their transition to independence, to creating, designing and structuring new firms and platforms through our whiteboarding sessions, strategic advice and legal implementation, to helping RIA firms grow via deals to onboard new advisors, tuck-ins and mergers & acquisitions to assisting with exit deals and succession planning implementation advice and services.

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