{"id":410961,"date":"2026-04-22T01:33:19","date_gmt":"2026-04-22T01:33:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/410961\/"},"modified":"2026-04-22T01:33:19","modified_gmt":"2026-04-22T01:33:19","slug":"6-commonwealth-firms-link-up-to-create-4b-ria","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/410961\/","title":{"rendered":"6 Commonwealth Firms Link Up to Create $4B RIA"},"content":{"rendered":"

Six former Commonwealth Financial Network teams have come together to form a registered investment advisor platform, Kintra Wealth.<\/p>\n

The Williamsport, Penn.-based firm is set to launch with 74 employees in eight states overseeing $4 billion in assets under management. The six firms are making the move after LPL Financial acquired Commonwealth last year<\/a>, and ahead of a full platform transition that LPL has said will take place toward the end of this year.<\/p>\n

Kintra CEO Andy Harris said the firm\u2019s co-founders\u2019 decision was driven partly by the acquisition and partly by a desire to get ahead of what they see as an \u201cinflection point\u201d in the RIA space. Once complete, it will bring together former Commonwealth-affiliated firms Evergreen Wealth Solutions (Harris\u2019 advisory), Loring Advisory Group, McCarthy & Cox, Rembrandt Financial Group, Tupler Financial and Warren Wealth Associates.<\/p>\n

\u201cAdvisors seem to be faced with two difficult choices\u2014either being truly entrepreneurial and building everything, or joining a pre-built platform in which their voice isn\u2019t necessarily heard,\u201d Harris said. \u201cKintra was formed as a third option in order to help advisors build together into their ideal platform and community.\u201d<\/p>\n

Related:Mercer Advisors Hires Chief Solutions Officer From Morgan Stanley<\/a><\/p>\n

Harris said the co-founders explored a number of options as they headed into the \u201cpeak of our careers.\u201d Ultimately, they chose what Harris described as the \u201charder path\u201d of building a multi-custodial advisor with Orion as its wealth platform provider. He said the goal is a technology stack that can remain nimble in the face of upcoming artificial intelligence changes<\/a>.\u00a0<\/p>\n

\u201cInstead of stepping onto a boat that\u2019s already left the harbor, Kintra gives a unique opportunity to help design your own ship,\u201d he said. \u201cAs a partner, you get meaningful influence of the platform, the culture and the strategy.\u201d<\/p>\n

Kintra firms, which will adopt the new name, will work with individuals, families, business owners and institutions with locations in Pennsylvania, Florida, Kentucky, Massachusetts, New Jersey, Ohio, Rhode Island and Texas.\u00a0<\/p>\n

Ownership of the firm is divided between the founders, Harris said, with no one advisor holding a majority. The group worked with the consultancy Marshberry on the firm\u2019s structure and strategy.\u00a0<\/p>\n

They met recently in Austin, Texas, Harris said, to firm up their final intent to merge. There are still some third-party arrangements to be settled before the firm teams complete the merger.\u00a0<\/p>\n

While Harris didn\u2019t commit to others joining the platform, Kintra is primed to add more advisors in the future.\u00a0<\/p>\n

Related:$1B Team with Sports-Focused Wealth Services Joins Baird<\/a><\/p>\n

\u201cIt appears as though the market is very interested in this idea of having an advisor-aligned merger vehicles concept,\u201d he said.<\/p>\n

Kintra also marks further advisor defection from LPL after it completed its acquisition of Commonwealth last August. LPL has said in its most recent earnings report<\/a> that it is on track to retain 90% of Commonwealth assets<\/a>, which, at the time of the acquisition, represented over $300 billion. The San Diego-based independent broker\/dealer will likely give a further update during its earnings call on April 30.<\/p>\n

Among RIA aggregators, Merit Financial Advisors has won over<\/a> several former Commonwealth teams. Other large wealth managers that have landed former Commonwealth<\/a> include Arkadios Capital, Kestra Holdings, Osaic and Raymond James.<\/p>\n

Harris and company will, in the meantime, pitch their coming RIA platform as a smaller, advisor-friendly option.<\/p>\n

\u201cMost advisors have to spend a lot of their time doing back office things, whether it\u2019s managing payroll or the tech stack,\u201d he said. \u201cBy coming together, we\u2019re able to have a centralized operation that can take care of those things, allowing advisors to focus on what they\u2019re truly best at, and that\u2019s really the magic of this.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Six former Commonwealth Financial Network teams have come together to form a registered investment advisor platform, Kintra Wealth.…\n","protected":false},"author":2,"featured_media":410962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175],"class_list":{"0":"post-410961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-ie","11":"tag-ireland","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/410961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=410961"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/410961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/410962"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=410961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=410961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=410961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}