Latest news with #JakeMiller
Yahoo
3 days ago
- Business
- Yahoo
Natick MA roofer pleaded guilty to tax evasion. Here's what the judge decided
A federal judge in Boston has sentenced a Natick roofer to one year in federal prison after he pleaded guilty to tax evasion. U.S. District Court Judge Brian E. Murphy on Tuesday, Aug. 12, also sentenced Jake Miller, 42, to one year of supervised release. Murphy also ordered Miller to pay $449,329 in restitution. Miller pleaded guilty in February to one count of tax evasion. According to the U.S. Attorney's Office, Miller owned Kostas Roofing, which he ran under an alias of Paul Kostas. From 2013 to 2021, Miller deposited money earned from his roofing business into a personal bank account rather than a business account. He did not file income taxes during those years, despite receiving at least $1.6 million. The U.S. Attorney's Office determined Miller should have paid nearly $450,000 in taxes as a result of that unreported income. Norman Miller can be reached at 508-626-3823 or nmiller@ For up-to-date public safety news, follow him on X @Norman_MillerMW. This article originally appeared on MetroWest Daily News: Natick roofer sentenced to one year in prison for tax evasion Solve the daily Crossword
Yahoo
10-07-2025
- Business
- Yahoo
Fi3 Advisors, Opto partner to streamline private markets investing
Fi3 Advisors, a fee-only RIA and multi-family office, has teamed up with Opto Investments, a technology-driven platform aimed at simplifying private markets investing for independent advisors and family offices. This collaboration is expected to enhance Fi3's private markets programme by streamlining investment processes, consolidating performance data for client reporting, and creating a tailored annual vintage funds programme for its clients. Managing around $1bn in assets for approximately 130 families, Fi3 serves as a central hub for its clients' financial needs, employing an institutional approach to portfolio construction. The firm crafts customised portfolios that align with clients' financial plans while addressing liquidity requirements and tax considerations. Typically, private markets investments account for 15-25% of client portfolios, and the partnership with Opto will refine these offerings, according to the company. Through Opto's private markets solution, Fi3's advisors and clients will benefit from operational framework, including a single K-1, automated subscription document creation, digital signatures, and seamless integration with Fi3's reporting software, Addepar. Fi3 investments director Nathan Kinney said: 'A core part of our investment philosophy is meaningful integration of private markets, and Opto is helping us scale that thesis. 'Private markets investing has historically been resource-intensive for us, but Opto's platform gives us cleaner data and smoother operations, allowing us to focus on what actually matters: helping our clients achieve better outcomes.' Opto's portfolio construction tools are claimed to enhance Fi3's ability to optimise after-tax returns by aligning private and public market investments. Additionally, Opto's pacing solution will assist Fi3 in building private market allocations over time to complement public market exposures. Opto co-founder and chief solutions officer Jake Miller said: 'At Opto, we partner with firms at every stage of their private markets journey, from those just starting out to those with established programs seeking to grow using the right technology. 'We look forward to supporting Fi3's growth by streamlining operations and helping them efficiently expand their clients' access to private markets vehicles.' "Fi3 Advisors, Opto partner to streamline private markets investing" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
09-07-2025
- Business
- Business Wire
Fi3 Advisors Selects Opto Investments to Scale and Streamline Private Markets Offerings for High-Net-Worth Families
INDIANAPOLIS--(BUSINESS WIRE)-- Fi3 Advisors ('Fi3'), an independent, fee-only Registered Investment Advisor (RIA) and multi-family office serving high-net-worth ('HNW') families, executives, and business owners nationwide, today announced its strategic partnership with Opto Investments ('Opto'), a comprehensive, technology-led solution to simplify private markets investing and servicing for independent investment advisors and family offices. Opto will enhance Fi3's longstanding private markets program by simplifying private investment workflows, centralizing performance data for end-client reporting, and helping establish an annual vintage funds program customized to the needs of Fi3's clients. Fi3 manages approximately $1 billion in assets for around 130 families, serving as a single point of contact for all areas of their financial affairs. Through an institutional portfolio construction process, Fi3 integrates their clients' investments with their financial plan, building bespoke portfolios that balance liquidity needs and tax circumstances. The partnership with Opto will further modernize and institutionalize Fi3's private markets offerings, which typically represent 15-25% of client portfolios. 'Our goal at Fi3 is to 'Empower Families to Create a Generational Impact.' We do that by delivering a family-office experience to families who typically don't have access to that level of support,' said Nathan Kinney, Director of Investments at Fi3. 'A core part of our investment philosophy is meaningful integration of private markets, and Opto is helping us scale that thesis. Private markets investing has historically been resource-intensive for us, but Opto's platform gives us cleaner data and smoother operations, allowing us to focus on what actually matters: helping our clients achieve better outcomes.' Leveraging Opto's end-to-end private markets solution, Fi3's advisors and clients will benefit from a streamlined operational experience with a single K-1, automated subdoc creation, digital signatures and smooth integration with its reporting software, Addepar. Further, Opto's advanced portfolio construction tools strengthen Fi3's ability to align private and public markets investments to optimize after-tax returns, while its robust pacing solution enables Fi3 to more thoughtfully build private markets allocations over time that complement public market exposures. 'At Opto, we partner with firms at every stage of their private markets journey, from those just starting out to those with established programs seeking to grow using the right technology,' said Jake Miller, co-founder and chief solutions officer at Opto. 'We look forward to supporting Fi3's growth by streamlining operations and helping them efficiently expand their clients' access to private markets vehicles.' Since its founding in 2013, Fi3's assets have organically increased approximately 36 percent year-over-year. This momentum is underpinned by a comprehensive financial planning approach combined with a family office service model designed to meet the modern needs of today's HNW investors and families. By personalizing the client experience and focusing investment decisions within the context of a total portfolio, Fi3 has been able to achieve rapid growth powered by client referrals. To learn more about Fi3's fiduciary-oriented approach to providing financial planning and investment management services to HNW families, please visit For advisors and investors interested in learning more about how a partnership with Opto Investments can streamline building, fundraising for, and managing private markets programs, please visit About Fi3 Advisors Founded in 2013, Fi3 Advisors ('Fi3') is an independent, fee-only Registered Investment Advisor (RIA) and multi-family office based in Indianapolis, Indiana. Serving as a fiduciary, Fi3 delivers a family-office experience to high-net-worth families by providing comprehensive financial planning and robust investment management services. Fi3 Advisors is an investment advisory firm registered with the Securities and Exchange Commission ('SEC'). SEC registration does not imply a certain level of skill and or expertise. The firm's team of CPAs and CERTIFIED FINANCIAL PLANNER™ practitioners offers personalized solutions encompassing wealth planning, investment consulting, tax strategy, estate planning, and private market access. Fi3's integrated approach ensures clients receive proactive counsel and coordinated strategies tailored to their unique financial goals and family dynamics. For more information, please visit About Opto Investments Opto Investments ('Opto') are engineering the future of private markets, offering the solution for wealth managers to efficiently build and manage differentiated private investment programs. Opto's end-to-end technology solution dramatically streamlines building, fundraising for, and managing a bespoke private markets fund or program, allowing independent investment advisors, family offices, and private banks to scale their offerings without scaling their team. Founded by Joe Lonsdale, the entrepreneur behind Palantir and Addepar, and backed by investors including 8VC and Michael Dell's DFO Management, Opto set out to forge a business free from the faulty legacy incentives on which private markets investing is built. Opto are not compensated by fund managers to offer funds, which enables an undiluted focus on quality. When Opto recommends an investment, it's with purpose. When they pass, it's with conviction. Clients can combine their best ideas with Opto's in a bespoke partnership tailored to their needs. Opto's platform automates admin processes across the entire private markets investment journey, saving advisors hours of time inputting client data, creating compelling proposals, completing subscription documents, managing capital calls, and delivering client communications. For additional information, please visit our website and LinkedIn.
