Paul Coan of Plutos Wealth Explains a New Model for RIAs

In this episode of Strategic Investor Radio, host CharleyWright interviews Paul Coan of Ploutos Wealth. Named for the Greek god ofwealth and abundance, Indianapolis-based Ploutos develops and managesstrategies for advisors to use in managing their clients’ assets. The firmcurrently offers eight portfolios, all in the alternatives space. Coan began his investment-industry career with a mutual-fundcompany around twenty years ago. From there, he moved to a large and well-knownwire house, where he was tapped for a “family office task force.” The firmultimately decided not to pursue family office business, but Coan says once hesaw the “magic” of the family office model, he “couldn’t go back to pitchingmutual funds and stocks.” Coan spun out and started his own RIA firm, and thenfounded Ploutos in 2011 to “give back” to financial advisors who “weren’t aslucky” as he was in discovering the family office model.