Six Commonwealth Firms Launch $4 Billion RIA Platform Kintra
Six former Commonwealth Financial Network teams have formed Kintra Wealth, a new registered investment advisor platform with $4 billion in assets under management. The move follows LPL Financial's acquisition of Commonwealth and aims to provide advisors with a third option between full entrepreneurship and pre-built platforms. Kintra plans to use Orion as its wealth platform provider and focus on a flexible technology stack.
Topics: acquisition financial services industry consolidation RIA platform