The transition gives Twenty Four Wealth greater control over how it builds its firm, serves its clients and invests for the future. As an independent RIA, the firm has greater flexibility to select and integrate the technology, custodians, investment resources, specialists and strategic partners it believes can best enhance the client experience and strengthen its ability to develop, manage and execute strategies on behalf of clients.
Twenty Four Wealth will operate a multi-custodial advisory platform utilizing Goldman Sachs Custody Solutions, Fidelity and Charles Schwab. As part of the transition, advisory assets previously custodied at LPL Financial will transition to Goldman Sachs Custody Solutions. The firm has also established a relationship with Private Client Services (PCS) as its broker-dealer, with PCS utilizing Pershing LLC for clearing and custody of brokerage assets.
"For us, independence isn't about being independent for independence's sake. It's about having the freedom to make decisions based on one question: What is best for our clients?" said Tony Truino, CEO of Twenty Four Wealth. "That freedom allows us to think differently, invest in our people and technology, and continue building a firm that our clients can rely on for generations. It also gives us greater control over the resources and capabilities we believe can help us serve our clients better."
The firm's multi-custodial structure is central to that strategy, providing flexibility to utilize leading custodians based on the needs and circumstances of each client rather than building the firm around a single platform. Independence also provides Twenty Four Wealth greater access to institutional capabilities and outside specialists while preserving the firm's ability to determine how those resources are incorporated into its client experience.
"We pursued independence because we believe it creates a stronger foundation for where Twenty Four Wealth is going," said Mike Carbino, Managing Director . "Our clients should have choice, our team should have access to exceptional resources, and our firm should have the ability to continually evolve and innovate. Independence allows us to do all three while preserving the personalized, high-touch experience that has always defined Twenty Four Wealth."
The transition creates a foundation for Twenty Four Wealth's next phase of growth. Since its founding, the firm has expanded through both organic growth and strategic acquisitions, including Raymond Noel & Associates and Alpha Beta Gamma Wealth Management. The firm continues to build its national presence while investing in the people, technology, infrastructure and capabilities required to serve increasingly complex client needs.
"Growth has never been about getting bigger for the sake of getting bigger," Truino said. "It is about building an organization with the people, expertise, technology and resources to serve our clients at an increasingly higher level. We believe independence gives us the opportunity to grow intentionally, attract great people, expand our capabilities and continue improving the experience and outcomes we deliver for our clients."
At the center of Twenty Four Wealth's model is its One Team. One Plan. philosophy. Rather than building the client experience around an individual advisor, the firm operates as a team-based wealth management organization, bringing together advisors, financial planners, investment professionals, operations specialists, and outside professional expertise, and client service professionals to coordinate the many dimensions of a client's financial life.
The goal is to transform financial complexity into clarity, coordinate strategy and execution, and allow clients to spend less time managing their financial lives and more time focused on the people, experiences and priorities that matter most to them.
"Ultimately, wealth is a tool," Truino added. "We believe one of the greatest things wealth can provide is greater control over your time. Our responsibility is to manage the complexity, bring the right people and resources together, anticipate what needs to happen next and execute. That's what we mean by Wealth well managed. Time well spent."
About Twenty Four Wealth
Twenty Four Wealth is an independent wealth management firm providing comprehensive financial planning, investment management and strategic wealth advice to high-net-worth individuals, families, executives, business owners, professional athletes and coaches.
Built around a client-first, team-based philosophy, Twenty Four Wealth coordinates the many facets of a client's financial life through its One Team. One Plan. approach, with the goal of providing greater clarity, confidence and coordination while helping clients maximize one of their most valuable assets: their time.
Wealth well managed. Time well spent.
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Disclosures
Advisory products and services offered by Investment Advisory Representatives through Twenty Four Wealth, a Registered Investment Advisor. Securities offered by Registered Representatives through Private Client Services, Member FINRA/SIPC. Private Client Services and Twenty Four Wealth are unaffiliated entities.
SOURCE Twenty Four Wealth
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