Five Former Commonwealth Teams Merge to Launch $4 Billion RIA Platform

Six wealth management firms — five of them formerly affiliated with Commonwealth Financial Network — have merged to form Kintra, a new registered investment adviser based in Williamsport, Pa. The firm launched this week with more than $4 billion in combined client assets under management and a staff of 74 employees across eight states.

Kintra’s founding firms include Evergreen Wealth Solutions, Warren Wealth Associates, Loring Advisory Group, Tupler Financial and McCarthy & Cox, all ex-Commonwealth teams, as well as Rembrandt Financial Group, an independent RIA based in Austin, Texas.

The creation of Kintra follows the $2.7 billion cash acquisition of Commonwealth Financial Network by LPL Financial last year. Andy Harris, chief executive officer and co-founder of Kintra, said the move was a proactive step to give the founding firms control over their futures as their principals approach the peak of their careers.

The top executive of each of the six practices holds the title of co-founder. Harris said each co-founder chose the harder path of building a new, multi-custodial RIA rather than joining an existing aggregator.

“At Kintra, each of our firms has built something strong independently, but by coming together, we’re able to elevate the client experience, expand our capabilities, and invest more deeply in a modern, technology-enabled platform,” said Harris. “Most importantly, this allows our advisers to collaborate more intentionally, so clients benefit from a broader perspective, deeper planning, and more thoughtful guidance.”

For technology, the firm has partnered with Orion, using its Eclipse trading and rebalancing platform. For brokerage business, several of Kintra’s practices have existing relationships with broker-dealer Mutual Securities.

Co-founder Nick Loring said the firm is focused on attracting like-minded advisers rather than pursuing growth for its own sake. “Kintra is designed to grow in a way that makes us better, not just bigger,” Loring said.

By uniting, the respective firms said they intend to leverage collective expertise to offer broader perspectives, deeper financial planning, and more comprehensive guidance to their clients across Pennsylvania, New Jersey, Rhode Island, Massachusetts, Ohio, Kentucky, Florida, and Texas.

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