Charlotte, NC – November 8, 2022 – Two successful players in the independent RIA space, Alphastar Capital Management and the founders of Crown Wealth Group have entered a strategic partnership to form a multi-family office platform named Evolv Family Wealth. Alphastar will power Evolv’s suite of wealth management solutions, technology, and middle- and back-office services built for advisors who want to focus exclusively on the needs of high- and ultra-high-net-worth clients.
Evolv Family Wealth is led by RIA executives Nick and Tyler Kolbenschlag, who have built and continue to run Crown Wealth Group, which has changed the lives of the clients and advisors they work with through their “Personal CFO” solution offering. This new alliance will empower Evolv to do so on a broader scale.
“Over the years, multiple firms have approached us to replicate our multi-family office solution onto a platform that more advisors and subsequent clients could access, but we hadn’t found the right partner until we met with Alphastar. Their leadership team is amazing, and the RIA has a chassis that is exactly what we needed to build off,” said Managing Director Tyler Kolbenschlag.
Evolv’s Personal CFO solution allows advisors to be the single point of contact for all aspects of a client’s financial picture. The platform’s education, processes, templates, key partners, and resources are designed to show advisors exactly how to build a family-office-style business without the constraints of the big wirehouse firms.
“As an independent RIA, we are not limited to the services we can provide—we deliver concierge-style services that advisors and clients want and need. Having evolved far beyond investments and insurance, we advise on and execute tax strategy, real estate, generational wealth planning, risk management, business consulting, and a whole host of other services. The advisor now gets to do more for their client and monetize that time spent,” explained Managing Director Nick Kolbenschlag.
Nick adds, “There is a large client subset in the $2-15 million or more net worth range that is being largely underserved because their advisors are being put in a box by their employer. We often see these advisors in the bank or wirehouse ‘private client group’ or something similar. But really, all that advisor can do is recommend the firm’s other products, like lending and banking. This creates a conflict of interest and does not ensure the client gets the best solution available, but only what the company has to offer.”
Alphastar Chief Sales Officer Sean Whelan noted, “When advisors start to look outside of the bank or wirehouse channels, there are more options than ever to choose from. But what excites me about this opportunity with Evolv is we are providing the advisor an opportunity to completely differentiate their business with a service model that has been curated and proven successful over the last decade by Nick and Tyler. The Personal CFO model paired with Alphastar’s independence and scale will allow advisors to reach that next level.”
“What we have created with Evolv is a platform for those advisors who want to be able to do more for their clients and be compensated fairly for doing so. Advisors can go from one, two, or maybe three revenue streams to eight and counting, with payouts ranging from 50-80% across all business lines. And this is all with the advisor having complete ownership of their client relationships,” Tyler Kolbenschlag noted.
This venture is nothing new for the Evolv team, with their leadership’s expertise within the wirehouse, corporate RIA, and independent RIA spaces. They have a proven process and track record with book-of-business transitions and deep knowledge in structuring independent advisor businesses.
For those ready to Evolv their advisory business, reach out to info@evolvyourpractice.com or visit www.evolvyourpractice.com to learn more.
About Crown Wealth Group
Crown Wealth Group is an independent RIA operating as a boutique multi-family office for high- and ultra-high-net-worth families. Crown developed and delivers a cutting-edge Personal CFO solution, acting as the single point of contact for all family financial matters. The company has offices in Charlotte and Winston Salem, North Carolina, and represents clients nationwide.
About Alphastar Capital Management
As an all-encompassing registered investment adviser (RIA), Alphastar Capital Management offers multi-disciplined institutional asset management, sales and marketing, training, technology, and support—along with savvy 401(k) solutions. Alphastar strives to lead the next generation of RIA firms by providing unparalleled service, support, and world-class investment strategies. This offers multiple competitive advantages to our investment advisor representatives in the field.
Media Contact
Company Name: Evolv Family Wealth
Contact Person: Tyler Kolbenschlag
Email: Send Email
Phone: 704-650-1620
Address:19520 West Catawba Ave, Ste 112
City: Cornelius
State: NC 28031
Country: United States
Website: www.evolvyourpractice.com