New location will foster closer ties and additional synergies with sister company BrightPlan
ST. LOUIS, (Jan. 31, 2019) – Plancorp, a fee-only wealth management firm with $3.7 billion in assets under management*, has opened a new office in San Jose, California, in order to better serve current and future clients in the San Francisco Bay Area. The new office is located in the same building as Plancorp’s sister company, BrightPlan, which will allow for closer collaboration with clients and between the two companies, both of which are subsidiaries of Prumentum Group, Inc.
“This region represents an important growth area for our firm—plus, around half of our California clients are already located in the Bay Area,” explained Plancorp President and CEO Chris Kerckhoff, AIF®, CFP®. “We’ve envisioned opening an office here since we began our partnership with BrightPlan, and we look forward to doing great things together for our clients.”
Plancorp specializes in financial planning, retirement plan management, exit strategy for business owners, and institutional asset management. It also provides the human advice component for BrightPlan, the first digital advisor to be certified by the Centre for Fiduciary Excellence (CEFEX).
“Plancorp’s more than 35 years of experience working with high-net-worth individuals, families and institutions has been invaluable in guiding the goals-based planning approach and investment philosophy built into the BrightPlan software. Having a Plancorp team on our doorstep adds significant value towards helping our clients achieve financial wellness,” said Marthin De Beer, Founder and CEO of BrightPlan.
In addition to its new San Jose location and St. Louis headquarters, Plancorp also has offices in Nashville, Tennessee, and Sarasota, Florida.
*AUM figure as of 12/31/18.
Plancorp LLC, a partly owned subsidiary of Prumentum Group, was founded in 1983 as a fee-only financial planning firm in St. Louis, Missouri. Plancorp is an SEC-registered investment advisor with $3.7 billion in AUM (as of 12/31/2018). Plancorp provides financial planning and asset management services to individuals, families, corporations and institutions. Service offerings also include corporate retirement plans and exit strategy for business owners looking to transition their businesses.
Plancorp was one of the nation’s first registered investment advisors to become certified by the Center for Fiduciary Excellence (www.cefex.org) in 2007. Through independent audits, the firm has earned this certification every year since.
Further information is available at www.plancorp.com.
BrightPlan LLC, a subsidiary of Prumentum Group, is a digital Registered Investment Advisor (RIA) led by a team of experienced Silicon Valley executives and technology innovators. BrightPlan provides Financial Wellness programs to employers, helping employees achieve their dreams through financial education, goals-based planning, and automated investing. BrightPlan makes sophisticated financial advice, and an investment strategy supported by Nobel Prize-winning research, available to everyone, regardless of net worth.
BrightPlan is the nation’s first digital advisor to become certified by the Center for Fiduciary Excellence (www.cefex.org).
Further information is available at www.brightplan.com.