By Wendy Leung, AdvisorHub – In today’s heightened regulatory environment, risk reduction is often a firm’s top priority—making advisors more vulnerable than ever before.
About Wendy Leung
Senior Consultant – Wendy's goal is simple: To leverage a comprehensive understanding of the industry landscape today and forces that will change it tomorrow, to guide advisors to opportunities where they can achieve long-term success for their business, clients and families. Learn more...
By Amey Stone, Barron’s – A new independent registered investment advisor firm has formed in Beverly Hills, Calif. It is notable because of who it is custodying with: Goldman Sachs Advisor Solutions (GSAS).
Beverly Hills Private Wealth is the first significant Breakaway team to choose Goldman Sachs custody platform for their newly-launched RIA firm.
By Ian Wenik, Citywire – Goldman Sachs is getting into the RIA breakaway business. The storied investment bank and startup RIA custodian has revealed that it is providing custodial services to Beverly Hills Private Wealth, a new breakaway RIA in the tony Los Angeles suburb of Beverly Hills, Calif. led by a trio of former Merrill Lynch advisors.
Two Merrill teams managing more than $1B unite to create independent firm Auric Capital Partners with Sanctuary Wealth.
By Jake Martin and Mason Braswell, AdvisorHub – The breakaway movement holds strong as two teams Merrill Lynch teams and another from Morgan Stanley have left to launch practices affiliated with Sanctuary Wealth and and Wells Fargo Advisors Financial Network.
By Andrew Welsch, Barron’s – Two advisor teams that oversaw more than $1 billion at Merrill Lynch jumped to Sanctuary Wealth, an independent broker-dealer and registered investment advisor that has helped dozens of their wirehouse peers go indie.
By Wendy Leung, WealthManagement.com – Many advisors dream of going independent for the freedom and flexibility to control their business, client service model, and bottom line. And the path to independence used to be simple—for most breakaway advisors, it was a straight line from an employer to an independent broker dealer (“IBD”).
Wendy Leung Quoted – By Jameson Berkow, The Globe and Mail – Switching dealers may prove more challenging for advisors amid the threat of a long-term bear market.
By Wendy Leung – FinancialPlanning.com – Many advisors cite “improving client service” as the catalyst for a move—but knowing what the real impact will be is critical.
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