Lisa Shidler

West Coast breakaway drops UBS in favor of Sanctuary/Fortigent outsourcing 

Doyle, Britt.png

Fortigent

Sanctuary

Aite

Gordian

Jeff Spears

Britt Doyle

Elliott Elbaz

There are about $5 trillion of assets parked in traditional stock brokerage firms, but they're not likely to stay there. Every month, clients move some of their money to independent firms with fewer conflicts of interest. Brokers who want more control are moving their books of business, too.
In these Breakaway Stories, you'll find instructive, encouraging and sometimes funny stories about these breakaway brokers and their clients. The information in the stories is accurate as of the date of publication. We hope these tales are useful for breakaway prospects and for people interested in luring wirehouse talent to their firms.

Breakaway Stories

Outsourced investments are one of the fastest-growing categories in the financial advisory world. Perched between
the asset custodian and the financial advisor, these (mostly) turnkey asset management programs can handle all or a 
portion of their investing, technology and fiduciary duties.

Advocates of using these TAMPs point to how it's better for the advisor because it frees up more time to spend with clients and prospects. It's also better for clients because the duties are being handled by specialized professionals who benefit from economies of scale.

Skeptics say that it adds a layer of cost and takes away an element of control from the advisors in executing according to a client's financial plan.

TAMPs

Two industry veterans strike out on their own after sudden-millionaires-to-be are cool to their Wall Street ties

West Coast breakaway drops UBS in favor of Sanctuary/Fortigent outsourcing

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September 24, 2019 at 2:02 AM

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West Coast breakaway drops UBS in favor of Sanctuary/Fortigent outsourcing

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September 24, 2019 at 2:02 AM

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