News

$100M Bain Wealth Management in Oregon Joins Carson Partners

Posted on June 24, 2020

Omaha, Nebraska – June 1, 2020 – Bain Wealth Management, a family-owned boutique investment and financial planning firm based in Salem, Oregon, announced today that they have joined with Carson Partners in order to gain access to Carson’s industry leading tech stack and leverage the partnership’s full in-house marketing, legal, trust, CPA and advanced planning teams.

Founder Frank L. Bain, CHFC®, CLU®, and Managing Partner Mark L. Bain, CFS®, BCM®, currently lead a team of nine and the firm focuses on serving individuals and families, two-thirds of whom are currently living in retirement. With $100 million in assets under management, they serve more than 500 clients in Oregon and across the United States.

“Having formed our own independent RIA in 2015, we were not necessarily looking to make another significant business transition. However, once we attended the Carson Partner Experience in Omaha, and began spending time delving into what Carson Partners offers independent RIAs, it became clear to me that I did not need continue to wear so many different hats with my firm,” said Mark Bain. “I could instead focus on being the CEO of my business.”

He added, “We had encountered hurdles integrating our technology vendors—client portal, CRM database, risk assessment tools, financial planning software, cloud storage, custodial platform, performance reporting—you name it. The Carson tech stack, offered at no cost to partners, is extremely impressive. And it will help us become more efficient and really focus on what we do best, and that is to deeply know and serve our clients.”

Similar to other advisory firms in the Carson Partners network, Frank Bain and Mark Bain, both principals of Bain Wealth Management, will maintain 100 percent ownership and remain the strategic decision-makers for all business decisions and operations at the firm.

“Frank, Mark and the entire team in Salem exhibit compassion and care for their clients at every juncture and with every decision they make,” said Aaron Schaben, President of Carson Group. “They specialize in serving retirees and I know that by streamlining their technology and customer experience as a Carson Partner, they will be able to manage the financial needs of retirees and pre-retirees who are living through rocky economic times.”

A mainstay in the Barron’s annual list of top wealth management firms, Carson Group remains among the Inc. 5000 list of America’s fastest-growing companies. Through its 132 partner locations nationwide, Carson serves more than 33,000 families.

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