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Carson Group Names Its First CTO

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What You Need to Know

  • Nimesh Patel joins Carson Group after being CEO of tech startup Prefix Health Technologies.
  • The announcement comes about a week after the firm announced it surpassed $20 billion in AUM.

Carson Group has hired veteran technology executive Nimesh Patel to serve as its first chief technology officer, the RIA said Wednesday.

Patel, who has more than 20 years of professional experience, brings to Carson Group a “strong background in growing and developing tech and product teams and has helped several firms reach greater scale by creating an execution and delivery-focused culture committed to improving the client experience,” the company said.

“Carson Group’s commitment to being a leading fintech provider is one thing that first drew me to the organization,” Patel said in a statement. “I look forward to helping scale our technology solutions and enhance our digital offerings in a way that will allow us to continue our dynamic growth trajectory.”

The announcement was made about a week after the firm announced it surpassed $20 billion in assets under management. Those assets are now managed by 120 partner advisory firms, up from 105 firms a year ago (and 50 firms in 2017).

Carson now has 300 employees, whom it refers to as “stakeholders.” That number rose by 50 in 2021. In June, the company opened its new 200,000-square-foot, Omaha-based headquarters.

The company serves over 40,000 families through its advisor network of 120 partner offices, including 35 Carson Wealth locations, it said Wednesday.

“Nimesh has an impressive background in product strategy and engineering, software architecture, and creating behavior-driven user engagement experiences,” Teri Shepherd, president of Carson Group, said in a press release announcing Patel’s appointment.

“His deep technical expertise will be an invaluable asset to our leadership team as we work together to propel Carson into its next phase of growth,” Shepherd added.

Before  joining Carson Group, Patel was CEO of Prefix Health Technologies, a tech startup that modernized access and delivery of social benefits to vulnerable populations.

Previously, he served as CTO and COO at Cresset, a financial services firm in Chicago, where he helped incubate and grow the firm to reach $5 billion in assets under management in under two years, according to Carson Group.

Other career stops included five years as CTO of Emmi Solutions, a healthtech company, and work in a variety of technology leadership roles at UBS (Hong Kong), Intercontinental Exchange Trust, Boston Options Exchange and Chicago Mercantile Exchange.

Patel co-authored three patents, speaks at under-resourced high schools on the opportunities that exist in science, technology, engineering and math (STEM) careers, and advises several startups and growth-stage tech companies on product and engineering strategy.

Patel graduated from the University of Wisconsin-Madison with a Bachelor of Science degree in electrical engineering and later earned a Master of Business Administration from the University of Chicago Booth School of Business.

Pictured: Nimesh Patel