Kupfer & Assoc. Assists the Transition of Another Multi-Billion-Dollar Non-Protocol Breakaway Team

Kupfer & Associates, PLLC provided legal representation to Veracity Capital, whose principals manage approximately $2.5B in AUM, in their transition from AYCO, a Goldman Sachs company, to RIA independence.  Veracity Capital has joined the F3Logic, LLC platform.  F3 Logic, which Kupfer & Associates helped launch last year as well, added Veracity Capital to their growing list of partnered firms including CIG Financial Services, Compass Point Retirement Planning, Financial Consultants of America, and Kusske Financial Asset Management.

“This move to RIA independence is another example of a large non-Protocol team making the leap to independence. Despite the evolution in the industry and withdrawal from the Protocol for Broker Recruiting of some firms, the trend toward independence is still going strong,” says Corey Kupfer, principal of Kupfer & Associates.  “We are excited for our clients Veracity Capital and F3 Logic and look forward to supporting their future growth.”

Veracity Capital is a wealth advisory firm with offerings that include strategic wealth management, financial planning, investment management, and risk management. Veracity Capital serves on behalf of their clients as trusted fiduciary partners with methods that are efficient, objective, and strictly focused on each client's best interest.

Veracity Capital CEO, Kevin S. Gray said, "We're excited to work in tandem with the F3Logic team and tap into the intellectual capital and technology they provide."

F3Logic works as “RIA architects” and invests time learning about advisors’ needs and their practice, mapping out the most beneficial structure, and helping build that solution. Through their expertise and platform, they are able to engineer and maintain firms that are independent from large financial institutions.

Richard DeSalvo, F3Logic COO, says, “The Veracity Capital team stands on the idea that truth builds trust. In our industry, that means offering true fiduciary services to our clients. Through F3Logic, Veracity Capital will have the support to provide a fiduciary focus and establish a deeper trust with their clients.”

Breakaway teams and onboarding RIA firms benefit greatly from the changing landscape when they utilize industry experts to create strategies and provide advice to help assure smooth and successful transitions. The attorneys at Kupfer & Associates have worked with hundreds of breakaway teams and on-boarding firms creating strategies and providing advice to help assure smooth and successful transitions. If you would like more information about this topic, please call Corey Kupfer at (646)-751-7516 or email him at ckupfer@kupferlaw.com.

Kupfer & Associates works with RIA firms through every stage of development of their business – from working with break-away brokers on their transition to independence, to creating, designing and structuring new firms and platforms through our whiteboarding sessions, strategic advice and legal implementation, to helping RIA firms grow via deals to onboard new advisors, tuck-ins and mergers & acquisitions to assisting with exit deals and succession planning implementation advice and services.



We are thrilled to have assisted Veris in their succession planning and new partner deal structuring.  Here is what our client had to say about us:

“Veris has worked with Corey and his team for over 5 years. Over the last 18 months, Corey led Veris’ five founders through a succession planning process including full updating of our operating agreements and partner documents. This successfully laid the foundation to admit the first new partners since company founding. Corey was great at both the business and governance issues and, frankly, the “letting-go” issues of the founders. We have great operating documents for the next 7 years and 3 wonderful new partners.”

Anders Ferguson, Founding Partner
Veris Wealth Partners, LLC

Here is Veris' press release:

SAN FRANCISCO, July 13, 2015 Veris Wealth Partners, one of the nation’s leading independent wealth advisors for sustainable and impact investors, today announced the promotion of three of its wealth managers to Partner.

Alison Pyott, Nicole Dolan and Lori Choi will join the executive management team of the firm and continue to work closely with individual and institutional investors to execute their impact investing and wealth management strategies.

“Lori, Nicole, and Alison are exceptional wealth managers who are key to the continued growth and future of Veris Wealth Partners,” said CEO Patricia Farrar-Rivas. “All three have the experience and expertise to help our clients align their values with their wealth and create positive environmental and social impact across every asset class, including their philanthropy.”

Choi joined Veris in 2010 and has more than 7 years of wealth management experience. She is based in the firm’s New York City office. Prior to joining Veris, Choi was Vice President of Account Management at Markit and was Assistant Vice President and Portfolio Manager at Bank of Hawaii Private Client Services. She serves on the board of Resource Generation and co-founded Women Investing for a Sustainable Economy (WISE). Choi received a Bachelor of Science degree in Economics from the Wharton School, University of Pennsylvania. She also holds the Chartered Financial Analyst® designation, and is a member of the New York Society of Security Analysts.

 Dolan joined Veris in 2008 and has 10 years of wealth management experience. She is based in the firm’s Portsmouth, New Hampshire office. Prior to joining Veris, Dolan was Portfolio Manager and Assistant Vice President with Bank of Hawaii’s Private Client Asset Management Team. She received a Bachelor of Arts degree in Political Science, with a minor in Economics, from Stanford University. Dolan serves on the Executive Committee of the Surfrider Foundation NH Chapter, and is on the Coastal Enterprises Inc. (CEI) Investment Notes Advisory Board. She has also done volunteer work for Bay Area Wilderness Training, a project of the Earth Island Institute, which creates opportunities for urban youth to experience the outdoors.

Pyott helped start the Veris Portsmouth, NH office in 2007.  She has 18 years of financial services experience.  Prior to joining Veris she was the Director of Client and Shareholder Services for Citizens Advisors, Director of Community Impact at United Way of the Greater Seacoast, and held client service and management positions at John Hancock Signature Services. Pyott currently serves as the Treasurer for the New Hampshire Women’s Foundation and is Vice Chair for the New Hampshire Charitable Foundation Piscataqua Region Advisory Board. She is a member of the Seacoast Women’s Giving Circle and the Financial Planning Association of New England. Pyott received a Bachelor of Science degree in Hotel Administration from the University of New Hampshire, Peter T. Paul College of Business and Economics. She also received a Certified Financial Planner™ designation from Merrimack College.

 About Veris Wealth Partners

Veris Wealth Partners, LLC is a partner-owned independent, impact private wealth management firm that aligns investors’ wealth with their financial and social objectives. Veris believes that superior investment performance and positive impact are complementary parts of a holistic investment strategy. Veris is based in San Francisco with offices in New York City, Portsmouth, New Hampshire and Boulder, Colorado. For information, call 415.815.0580, or visit www.veriswp.com.

Media Contact

Greg Berardi, Blue Marlin Partners

(415) 239-7826, greg@bluemarlinpartners.com


Corey Kupfer and his team move back to full independence

As the headline suggests, we have some very exciting news to announce for those of you who have not heard and some more information to provide for those who have. As an entrepreneur, it was time to return to running a firm with the vision, values and culture to which I am committed. This commitment was affirmed by my Dad's final lesson to me prior to his recent death - and that is to make sure you live your life so that you die with no regrets.

I appreciate that, during the 5 1/2 years I spent as a Partner at the Hamburger Law Firm, I had the opportunity to work with and get to know many great colleagues, clients and industry partners. I look forward to continued relationships and synergies with you in the future. For those not aware, prior to joining Hamburger Law Firm, I ran my own firm for 18 years. In this next chapter, I am thrilled about being able to focus on the service areas that I love, the types of clients with which we can have the most impact and the industry partners that share our vision and values. 

With that context, I am pleased to formally announce the reestablishment of my law firm, Kupfer & Associates, PLLC (effective as of May 18, 2015) and the rebranding of my entrepreneurial speaking, training and consulting company to Authentic Enterprises, LLC (more to come on this over the next few months). See www.kupferlaw.com and www.authenticenterprises.com (coming soon) for more information. Also, please look out for my book, Authentic Negotiating, which will be published this fall.

Joining me in these endeavors are my fantastic team members BeeSian Yap - as Senior Corporate Associate, Arnie Herz - as Trademark and Corporate Of-Counsel and Dawn Hertzel - as Legal Assistant and Office Manager with additional team members and strategic relationships to be added over the coming months. The opportunity to work with the most dedicated and passionate team members with such a high commitment to client service is another reason that I am so excited about this transition and what we are building.

In terms of our focus, we will continue to assist entrepreneurial and growing companies (see the Entrepreneurial and General Business Client Supplement here) and registered investment advisory firms (see the RIA Supplement here) during their entire lifecycle from start-up through exit with corporate, contract, deal, structuring and related legal services and to work with firms on strategy, negotiating and deal-making, succession, platform design and growth strategies.

Our new office address is 5 Columbus Circle, Suite 800, New York, NY 10019 and we have additional meeting space at 30 Wall Street as well. You can reach us by phone at  (646) 751-7516 and by emails at ckupfer@kupferlaw.com, byap@kupferlaw.comaherz@kupferlaw.com, and dhertzel@kupferlaw.com, respectively. We look forward hearing from you and working together in the future.

With much excitement and appreciation,

Corey S. Kupfer