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BREAKAWAY STORIES

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.

Why a Miami breakaway trio sees no vice in leaving half-a-billion of client assets on JP Morgan's table

Element Pointe Advisors seek to ease HNW and UHNW client angst by watching their held-away assets

Tuesday 4.5.16 by Lisa Shidler

Why a Miami breakaway trio sees no vice in leaving half-a-billion of client assets on JP Morgan'

Element Pointe Advisors seek to ease HNW and UHNW client angst by watching their held-away assets

Tuesday 4.5.16 by Lisa Shidler

Why a Miami breakaway trio sees no vice in leaving half-a-billion of client assets on JP Morgan'

Element Pointe Advisors seek to ease HNW and UHNW client angst by watching their held-away assets

Tuesday 4.5.16 by Lisa Shidler
0 Comments  
0 Comments  

A breakaway artist confesses the 'mistakes' he made in ushering PBIG's Hou-Sear team

With its elevators, synchronized watches, office space hijinks and voice-over IP, Luminous Capital was a virtuoso Merrill Lynch defection but not to Matt Sonnen

A breakaway artist confesses the 'mistakes' he made in ushering PBIG's Hou-Sear team

With its elevators, synchronized watches, office space hijinks and voice-over IP, Luminous Capital was a virtuoso Merrill Lynch defection but not to Matt Sonnen

A breakaway artist confesses the 'mistakes' he made in ushering PBIG's Hou-Sear team

With its elevators, synchronized watches, office space hijinks and voice-over IP, Luminous Capital was a virtuoso Merrill Lynch defection but not to Matt Sonnen

1 Comment  
1 Comment  

How the mastermind of the Luminous Capital breakaway is parlaying his cloak-and-dagger skills into 'Pure Financial Independence'

With his wife, Larissa, as sidearm, Matt Sonnen seeks to fulfill a niche for a service level between John Furey and Shirl Penney

Tuesday 1.19.16 by Lisa Shidler

How the mastermind of the Luminous Capital breakaway is parlaying his cloak-and-dagger skills into &

With his wife, Larissa, as sidearm, Matt Sonnen seeks to fulfill a niche for a service level between John Furey and Shirl Penney

Tuesday 1.19.16 by Lisa Shidler

How the mastermind of the Luminous Capital breakaway is parlaying his cloak-and-dagger skills into &

With his wife, Larissa, as sidearm, Matt Sonnen seeks to fulfill a niche for a service level between John Furey and Shirl Penney

Tuesday 1.19.16 by Lisa Shidler
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0 Comments  

20 months in: A field dispatch from an advisor who started an RIA in a strange city with no clients

After stints as a Beverly Hills broker for Merrill and a salesman for Schwab, the Navy veteran went deep into academia to learn his trade

Wednesday 12.23.15 by Guest columnist Ryan Hughes

20 months in: A field dispatch from an advisor who started an RIA in a strange city with no clients

After stints as a Beverly Hills broker for Merrill and a salesman for Schwab, the Navy veteran went deep into academia to learn his trade

Wednesday 12.23.15 by Guest columnist Ryan Hughes

20 months in: A field dispatch from an advisor who started an RIA in a strange city with no clients

After stints as a Beverly Hills broker for Merrill and a salesman for Schwab, the Navy veteran went deep into academia to learn his trade

Wednesday 12.23.15 by Guest columnist Ryan Hughes
3 Comments  
3 Comments  

Why a $2 billion advisor bolted Goldman Sachs' $26 billion, Albany-based RIA and subtracted 12,000 commuting miles

After sandwiching a 20-year hiatus between GE and Goldman, Susan Reese continues her brilliant career at Joe Piazza's RIA startup in a quest for open architecture and closely held ownership

Tuesday 12.8.15 by Sanders Wommack

Why a $2 billion advisor bolted Goldman Sachs' $26 billion, Albany-based RIA and subtracted 12,0

After sandwiching a 20-year hiatus between GE and Goldman, Susan Reese continues her brilliant career at Joe Piazza's RIA startup in a quest for open architecture and closely held ownership

Tuesday 12.8.15 by Sanders Wommack

Why a $2 billion advisor bolted Goldman Sachs' $26 billion, Albany-based RIA and subtracted 12,0

After sandwiching a 20-year hiatus between GE and Goldman, Susan Reese continues her brilliant career at Joe Piazza's RIA startup in a quest for open architecture and closely held ownership

Tuesday 12.8.15 by Sanders Wommack
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0 Comments  

What Merrill Lynch was able to strip away from breakaway RIA Cardan Capital and why the advisors made the 'tactical' decision to let go

These Denver-based advisors achieved a rarefied status at BoA's broker-dealer as money manager and wealth manager before deciding to bolt

Tuesday 12.1.15 by Brooke Southall

What Merrill Lynch was able to strip away from breakaway RIA Cardan Capital and why the advisors mad

These Denver-based advisors achieved a rarefied status at BoA's broker-dealer as money manager and wealth manager before deciding to bolt

Tuesday 12.1.15 by Brooke Southall

What Merrill Lynch was able to strip away from breakaway RIA Cardan Capital and why the advisors mad

These Denver-based advisors achieved a rarefied status at BoA's broker-dealer as money manager and wealth manager before deciding to bolt

Tuesday 12.1.15 by Brooke Southall
0 Comments  
0 Comments  

Lehman Bros.' binding ties and culture spur another $1B team -- that stayed at their posts as Lehman burned -- to flee Stifel-owned Barclays for RIA

Newly created Summit Trail, with a Shirl factor, allows the Lehman swagger, kinder and gentler, to reassert itself in 2015 after seven years of smoldering

Friday 10.23.15 by Lisa Shidler

Lehman Bros.' binding ties and culture spur another $1B team -- that stayed at their posts as Le

Newly created Summit Trail, with a Shirl factor, allows the Lehman swagger, kinder and gentler, to reassert itself in 2015 after seven years of smoldering

Friday 10.23.15 by Lisa Shidler

Lehman Bros.' binding ties and culture spur another $1B team -- that stayed at their posts as Le

Newly created Summit Trail, with a Shirl factor, allows the Lehman swagger, kinder and gentler, to reassert itself in 2015 after seven years of smoldering

Friday 10.23.15 by Lisa Shidler
1 Comment  
1 Comment  

Why a $3 billion UHNW team in Newport Beach bolted Merrill Lynch and what breakaway bugs are reading into it

The alternating carrot/whip spurs for wirehouse mega-teams has the breakaway buggy bolting along

Tuesday 10.6.15 by Brooke Southall

Why a $3 billion UHNW team in Newport Beach bolted Merrill Lynch and what breakaway bugs are reading

The alternating carrot/whip spurs for wirehouse mega-teams has the breakaway buggy bolting along

Tuesday 10.6.15 by Brooke Southall

Why a $3 billion UHNW team in Newport Beach bolted Merrill Lynch and what breakaway bugs are reading

The alternating carrot/whip spurs for wirehouse mega-teams has the breakaway buggy bolting along

Tuesday 10.6.15 by Brooke Southall
2 Comments  
2 Comments  

How David Steele opened six restaurants in the toughest foodie market in the US and then found the nerve to leave JP Morgan

The Bear Stearns veteran deliberately chose Uber-, Twitter- and Dolby-adjacent offices in a trendy San Fran neighborhood

Monday 9.14.15 by Brooke Southall

How David Steele opened six restaurants in the toughest foodie market in the US and then found the n

The Bear Stearns veteran deliberately chose Uber-, Twitter- and Dolby-adjacent offices in a trendy San Fran neighborhood

Monday 9.14.15 by Brooke Southall

How David Steele opened six restaurants in the toughest foodie market in the US and then found the n

The Bear Stearns veteran deliberately chose Uber-, Twitter- and Dolby-adjacent offices in a trendy San Fran neighborhood

Monday 9.14.15 by Brooke Southall
1 Comment  
1 Comment  

The inner orchestration of Dynasty, Addepar and Pershing/BNY Mellon it took to harmonize a $1.4 billion Merrill Lynch family office team

Vendors are finding ways to put UHNW corner family offices on conveyor belts in the service of RIA prosperity

Wednesday 9.9.15 by Lisa Shidler

The inner orchestration of Dynasty, Addepar and Pershing/BNY Mellon it took to harmonize a $1.4 bill

Vendors are finding ways to put UHNW corner family offices on conveyor belts in the service of RIA prosperity

Wednesday 9.9.15 by Lisa Shidler

The inner orchestration of Dynasty, Addepar and Pershing/BNY Mellon it took to harmonize a $1.4 bill

Vendors are finding ways to put UHNW corner family offices on conveyor belts in the service of RIA prosperity

Wednesday 9.9.15 by Lisa Shidler
1 Comment  
1 Comment