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A new wealth management and advisory firm has come out of stealth mode announcing both its formal launch and $37 million in venture capital funding led by Greenoaks Capital and angel investor Lachy Groom.
Named Compound, the firm was founded in 2019 by Jordan Gonen and Jacob Schein with a mission to serve the spectrum of technologists—from those just beginning their careers at startups to those at more mature tech companies, and entrepreneurs.
“The next generation of wealth is holding a different suite of assets, one that traditional wealth management is often struggling to support,” Gonen said.
From stock options, to cryptocurrency and other forms of digital assets, young professionals—especially those in technology fields—can find it difficult to for an incumbent firm to handle all their needs, he said.
“We strive to be holistic, and have found that our...