Basic Capital Welcomes Jake Eigner, Wealthspire Acquires Fi3 Advisors

Basic Capital has appointed Jacob Eigner as general counsel.

“Jake is one of the few lawyers in the country who has lived on both sides of the retirement industry,” said Abdul Al-Asaad, founder and CEO of Basic Capital. “As a top-performing investment professional and as a sophisticated ERISA practitioner, he brings a combination of legal depth and commercial instinct that will help us deliver an enterprise-ready product as we scale.”

Eigner joins Basic Capital from Goldman Sachs, where he served as vice president in the legal department. Prior to Goldman Sachs, he was an attorney at Groom Law Group, where he advised clients on qualified retirement plans, Department of Labor fiduciary rules, investment due diligence, and service provider relationships.

Eigner was one of several Groom Law Group ERISA attorneys interviewed in 401(k) Specialist’s spring 2023 cover story, where he explained why it’s important for employee benefits law firms to continue holding a presence in Washington, D.C.

He has been featured on the 401(k) Specialist Podcast and has written columns for the publication on his thoughts over the Department of Labor’s (DOL) former environmental, social, and governance (ESG) rule.

Before his legal career, Eigner served as a vice president at a large registered investment advisor, where he marketed 401(k) funds directly to plan sponsors, set all-time company sales records, and closed more than $23 million in business from high-net-worth and institutional clients.

He holds a juris doctor degree from Georgetown University Law Center and a bachelor’s degree from the University of Alabama.

As general counsel, Eigner will lead all legal and regulatory strategy for Basic Capital and will work closely with the founding team to support the company’s employer and employee growth.

Wealthspire Acquires Fi3 Advisors

Wealthspire is acquiring Fi3 Advisors, an Indianapolis-based boutique advisory firm with approximately $1.2 billion in assets under management (AUM).

The transaction builds on a decade-long relationship between Fi3 and Wealthspire’s Fiducient Advisors and reflects the continued expansion in serving high net worth and ultra-high net worth families following the launch of Wealthspire Family Office earlier this year. As part of Wealthspire, Fi3’s clients will have access to additional financial planning and investment resources, including access to Wealthspire’s Family Office capabilities, which bring together advanced tax and estate planning, lifestyle management, family office accounting, and trust services to serve the needs of multi-generational families.

With the addition of Fi3 and recent acquisition of Axia Advisory, Wealthspire will oversee approximately $3 billion in assets under management or advisement servicing institutional and private client relationships in the Indianapolis market.

“Over the past 13 years, Fi3 has built a distinguished reputation serving clients through a deeply personal family office experience,” said Mike LaMena, chief executive officer at Wealthspire. “Their approach aligns closely with how we serve clients, combining personalized guidance with the scale and resources needed to support more complex needs over time. We’re pleased to welcome their team and support their continued growth.”

Fi3 will continue to operate with the same client and firm leadership team, including managing partner Ivan Hoffman, partners Matt Simpson, and Sam Muse, and senior advisor Amy Hlavacek, who will remain actively involved in serving clients along with the broader client service team.

Bogart Wealth Names Corporate Dev Director

Bogart Wealth has appointed Bryce Black as director of Corporate Development. In this newly created role, Black will help institutionalize Bogart’s M&A strategy to expand its reach through partnerships with RIAs that have developed deep relationships with Fortune 500 executives, professionals, and employee communities.

Over the past year and a half, Bogart Wealth has added a new chief operating officer and brought in minority capital from Constellation Wealth Capital to support its next phase of growth.

“Our growth has always been grounded in deep client knowledge,” said James Bogart, founder and CEO of Bogart Wealth. “We have built our firm around helping Fortune 500 professionals navigate important financial decisions with advice that reflects their company benefits, compensation structure, retirement programs, and broader family goals. We see a meaningful opportunity to extend that model through partnerships with RIAs that have built similar trust and specialization inside other communities that are home to some of the nation’s top organizations.”

In his role, Bryce will be responsible for sourcing and evaluating potential partners, supporting transaction execution, and working closely with leadership on integration. He will lead the process from initial outreach through post-close alignment, working across teams to ensure consistency in how partnerships are evaluated and brought onto the platform.

Bryce brings more than a decade of experience across corporate development and consulting. Prior to joining Bogart Wealth, he served as senior vice president of Corporate Development at Robertson Stephens and previously held roles at Focus Financial Partners and PwC.

Wilde Wealth Management Appoints COO

Cetera, a strategic minority investor in Wilde Wealth Management Group has named Erica Bloudek as chief operating officer. Bloudek will oversee operational strategy for the independent wealth management firm.

Wilde Wealth, whom Cetera Advisors completed a minority investment in January 2024, is one of the largest firms in the Cetera Advisors community.

Bloudek will lead the development of a “scalable, efficient and compliant” operating model, guide strategic planning, and oversee functions including advisor and client onboarding, marketing communications and workflow management.

“Wilde Wealth has built a strong foundation rooted in both growth and culture,” said Bloudek. “There is a clear commitment to collaboration and client service. I’m excited to help scale the operational infrastructure in a way that supports continued expansion while preserving the culture that makes this organization so distinctive.”

Wilde Wealth has approximately $5.75 billion in assets under administration1 and serves as an Office of Supervisory Jurisdiction (OSJ) supporting 56 advisors across nine locations throughout the Southwest. The firm provides a holistic, full-service wealth management experience, including legacy planning, tax planning and investment management. Advisors with Wilde Wealth have been affiliated with Cetera Advisors since 2007.

Bloudek joins Wilde Wealth Management Group following an executive leadership tenure with Ashton Thomas Private Wealth, an Arax Investment Partners company, where she served as chief operating officer. Prior to that role, Bloudek spent 18 years with Wells Fargo and its affiliated entities.

IRA Financial Combines Traditional and Alternative Investing to One Platform

IRA Financial is allowing investors to access alternative assets and traditional investments within a single self-directed retirement account for one flat fee.

Powered by Interactive Brokers, the capability allows IRA Financial clients to trade stocks, ETFs, options, bonds, currencies, and mutual funds, directly alongside alternative assets such as real estate, private equity, precious metals, and cryptocurrencies. The experience is designed to give investors greater diversification, control, and convenience over how they build and manage their retirement portfolios.

“Our clients don’t want to juggle multiple platforms just to build a diversified retirement strategy, they want one place where they can manage both their alts and traditional investments,” said Tyler Northrup, CEO of IRA Financial. “This new capability gives them exactly that: real-time trading for traditional assets in the same tax-advantaged, self-directed retirement account where they also have the ability to invest in nearly unlimited alternative assets.”

RISR Releases AI-Powered Tool to Support Business Planning  

RISR is launching an artificial intelligence (AI)-powered document analysis and risk management module, designed to give advisors actionable intelligence from key risk documents including buy-sell agreements and insurance policies.

“Advisors know business owner clients are a major growth opportunity and need ways to demonstrate their value from the first conversation,” said Jason Early, founder and chief executive officer of RISR. “With the ability to uncover hidden risks surrounding the business in minutes, advisors are building deep trust with owners from day one.”

Advisors will be able to upload buy-sell and insurance documents, and the platform identifies potential risks to an owner’s equity in the event of death, disability or dispute.

The platform also generates plain-language summaries for each document, along with key provisions, risks and recommended next steps. A cross-document analysis layer identifies inconsistencies, such as conflicts between a will and a buy-sell agreement, while a “Next Best Document” feature guides advisors on which documents to request next based on gaps in the analysis.

“We believe it’s our job to unlock the power of AI for advisors looking to bring new services to business owners in a reliable and effective way,” said Alex Michaels, head of product at RISR. “Advisors get the power of an advanced planning desk behind them, and owners get protection from potentially critical exposures.”