September 22, 2016

Paul Coan of Ploutos Wealth Explains a New Model for RIAs

In this episode of Strategic Investor Radio, host Charley Wright interviews Paul Coan of Ploutos Wealth. Named for the Greek god of wealth and abundance, Indianapolis-based Ploutos develops and manages strategies for advisors to use in managing their clients’ assets. The firm currently offers eight portfolios, all in the alternatives space.

Coan began his investment-industry career with a mutual-fund company around twenty years ago. From there, he moved to a large and well-known wire house, where he was tapped for a “family office task force.” The firm ultimately decided not to pursue family office business, but Coan says once he saw the “magic” of the family office model, he “couldn’t go back to pitching mutual funds and stocks.” Coan spun out and started his own RIA firm, and then founded Ploutos in 2011 to “give back” to financial advisors who “weren’t as lucky” as he was in discovering the family office model.

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