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.