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How an ex-Merrill team broke free just under the BoA takeover wire and doubled its assets in four post-crash years

Thinking the wirehouse model was broke not wanting to fix it LLBH has parlayed $450 million of assets to nearly $1 billion

Author Guest Columnist Howard Diamond August 16, 2012 at 6:43 AM
2 Comments
no description available
LLBH is Jim Pratt-Heaney, Bill Loftus, Bill Lomas, Kevin Burns: We were constantly being told 'if we do it for you, we have to do it for 17,000 other advisors.'

Breakaway Stories


Johannes Asuja

Johannes Asuja

August 16, 2012 — 5:54 PM

Interesting article that shows derivatives can be used also for private clients to create value adding solutions to real risks.

Stuart Zimmerman CPA/PFS

Stuart Zimmerman CPA/PFS

August 16, 2012 — 8:46 PM

Great story! Look forward to reading about their next double in a few years! The independent, fiduciary RIA model has tremendous advantage for clients. Bet we’ll continue to see many more of these stories.


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Mentioned in this article:

Focus Financial Partners, LLC
Consolidator/Roll-up Firm
Top Executive: Rudy Adolf



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