Tech-focused RIA Farther has acquired $650M Springfield, MO-based RIA SignalPoint Asset Management in its largest deal to date, according to a January 14 Citywire report.
SignalPoint was founded in 2008 and officially became an independent RIA when founders Jon Timson and Jay Handy left Wells Fargo in 2013 and offers financial planning, portfolio management, and family estate planning services. Timson told Citywire that SignalPoint did not run a search process but rather Kaitlin Wickenheiser, Farther’s recruitment director, approached the RIA with an inquiry over a year ago which kicked off discussions between the two firms. Following the deal, SignalPoint will operate as “SignalPoint, powered by Farther.”
To date, Farther has focused on acquisitions of smaller boutique firms in the $100M to $200M AUM range such as $150M Stamford, CT-based Pleasant Street Wealth Advisors and $157M Los Angeles-based Guild Investment Management. But following the October close of a $72M Series C funding round co-led with Capital G and Viewpoint Ventures, as previously reported by Dakota, the firm is clearly moving upstream for larger deals. The funding round brought its total funding to date to over $118M, and the firm reportedly manages $5B in client assets. According to its latest Form ADV filing from December 2024, it has nearly $2.2B in total regulatory AUM, inclusive of SignalPoint.
