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Content tagged "Brian Hamburger"



RBC got Ryan Marcus to shake things up. He began to and he's leaving.

Ryan Marcus leaves RBC Advisor Services as clients and recruiters openly speculate that his drive was mismatched with his giant employer's bankerly ways
Despite a string of high-profile departures, RBC's US brokerage subsidiary is determined to keep a hand in the RIA custody business

Wednesday 8.6.14
Shirl Penney: The whole idea is to make it engaging and for the most pressing questions to be asked.

Fidelity, Pershing and Schwab custody chiefs will get grilled by a mega-client in Las Vegas
Mike Durbin, Mark Tibergien and Bernie Clark will field questions from Shirl Penney at MarketCounsel event -- and he's promising not to toss softballs

Thursday 7.10.14
John Thiel: People are looking for advisors who understand that the retirement conversation isn’t about a math equation.

How Merrill Lynch Clear looks so impressively RIA-like and what shows how deceptive looks can be
The big iPad-laced and rhetoric-laced wirehouse initiative toward goals-based investing may have selling insurance as its primary goal

Wednesday 6.18.14
Brian Hamburger: My kids said, 'Dad, he's never going to respond to you.' Within 45 minutes, he responded and said, 'I'm in. Thanks for including me.'

How Brian Hamburger won speaking commitments from Mark Cuban, Sallie Krawcheck and Eliot Spitzer without throwing money at the challenge
The MarketCounsel chief would make Dale Carnegie proud with an old-fashioned approach that proved refreshing to the woo-ees

Thursday 6.12.14
Stuart DePina of Tamarac is Envestnet's RIA connection

Observations on the Envestnet Advisor Summit from the carsick seat of a Chicago taxi cab
Brian Hamburger relayed his thoughts on 36 hours at Jud Bergman's 'house' on the way to the airport

Friday 5.16.14
Justin Richter: I wanted to avoid the tortured stares of my older colleagues, who went into investment banking and sold their souls.

A 32-year-old Kansas advisor -- at all upheaval costs -- followed his mentor to Mariner Wealth Advisors
Losing clients and leaving money on the table are risks that more young advisors are willing to take, especially with social media as a viable workaround to the non-solicitation straitjacket

Thursday 2.27.14
Erik Strid will head the new company and execute under a new brand and plan after what he calls a decade of pseudo independence.

Schwab wins $350-million Philly RIA from Wells Fargo Profit-Formula program with Dynasty Financial's help
The Main Line Strids set the stage for a succession plan and a new round of growth from a King of Prussia perch

Thursday 2.20.14
Clayton Hartman (left) with Tim Kneen: We thought UBS was transitioning to a different kind of wirehouse.

How heavy the lifting was to get a $1-billion wirehouse team to independence in 2014 after a de facto false start in 2007
Kneen and Clayton were still on Windows 2003 version at UBS, a metaphor for why they have moved to Focus Financial and Tamarac software

Friday 2.7.14
Frank Noto: We always felt that it was important to first establish our voice in the advisory community, and gain the editorial credibility with our readership.

RIABiz barges into the webinar business by getting to the crux of the RIA matter
The live discussion will explore why 2014, for many reasons, has never been a better, easier, more secure time to jump into the only model with real growth

Friday 1.10.14
Jason Lahita: We marketing mavens had determined to tweet until our fingers bled.

How a Twitter 'storm' extended the MarketCounsel Summit from hundreds to thousands of people and showcased the potential of tweets
A PR team discovers the value of the ubiquitous social media tool but also the perils inherent in sending your 140-character stream of consciousness through the ether

Friday 1.3.14
Matt Enyedi: Anytime we do something at LPL, it's under the lens of how can we do this for RIAs. Five years ago, if we'd rolled this out, it would have been only for LPL corporate firms.

LPL Financial gets beyond the halfway-house model to compete with Schwab, Fidelity for advisors that are wholly RIAs
The big broker-dealer is making moves that do not discriminate against, may in fact favor, pure RIAs, but hybrid habits die hard, skeptics say

Tuesday 12.17.13
I learned most when I spoke directly to the politicians, in this case, Chris Dodd.

How Barney Frank and Chris Dodd surprised me after I got them aside for one-on-one chats
The namesakes for Dodd-Frank invest personally through Morgan Stanley and Merrill Lynch and seem to be oblivious about why that may not be in their best interests -- though I tried to explain it to Barney Frank

Tuesday 12.17.13
Brian Hamburger extols SEC for quick, tech-aided busting of insider trading cases and says it need to bring technology to policing advisors.

MarketCounsel kicks off with Brian Hamburger grilling his execs on stage (LIVE from the Four Seasons in Las Vegas)
A few alarms are sounded about a tougher, maybe SEC, rumbling about the end of the Broker Protocol,

Wednesday 12.11.13
An ironic location for an RIA business-Chris Dodd meeting but babies are born at night.

Five RIA happenings: MarketCounsel shapes up; Zohar emerges, a new RIA-focused recruiting firm pops up and two more
Zohar reappears; Dan Skiles cements his status in San Diego and TD's selects Mitt Romney as its keynote next month

Monday 12.9.13
Patrick Burns: The shift was sudden.

Backs to the wall, wirehouses renew legal efforts to stem team breakaways -- with junior partners sparking the tension
Lawsuits by Merrill, UBS, Morgan Stanley have been spiking in recent months, according to industry observers and lawyers, and it can take precious time and big money to make them go away

Wednesday 10.23.13
Ryan Marcus: My job is to bring them to the big dance.

After a head-fake, Royal Bank of Canada shows it's back (or never left) in the RIA game with two NextGen hires
100 brokers have moved to RBC's broker dealer or RIA unit in the last 4 years though some recruiters need convincing that the RIA unit is more than a retention tool

Thursday 9.5.13
John Michel penned the letter to clients of BloombergBlack alerting them that his company -- for now -- is withdrawing from the investment advisory business.

Bloomberg warns that BloombergBlack is shutting down
The move toward a 'very quick death' shocks virtually everyone as the New York data giant alludes to its plans to offer financial advice down the road

Thursday 7.25.13
Brian Hamburger: If investment advisors and brokers are family ... then don't punish the advisor because his cousin misbehaves.

Top RIA lawyer explains to the SEC why 'harmony' is a harsh misnomer and why the price of its false spin is paid by investors
MarketCounsel chief pleads for the regulator to draw a bright line between 'patently disparate and distinct' sales and advice models or risk a watered-down fiduciary standard

Friday 7.5.13
Barney Frank (r.) with TD's Skip Schweiss: We can’t confuse people who are already confused.

Barney Frank puzzles crowd on his fiduciary stance at TD summit -- as questions from Skip Schweiss and advisors expose his haziness on the RIA structure and soul
The namesake of the Dodd-Frank bill seems to buy into a suitability approach as a gold standard for financial advice

Thursday 6.13.13
William Steiner: A lot of clients aren't paying attention to this.

How RIAs are helping their clients participate in confusing lawsuits
2008-2009 market meltdown settlements are just now coming to fruition, and giant RIAs are signing up with a filing firm to get in on the action

Wednesday 5.1.13
Brian Hamburger: We're now prepared to receive a call from a customer at 10 a.m. and have them up and running at the end of the day.

MarketCounsel launches legal hyperspace button for breakaways who get fired by Merrill Lynch (and friends) before the 'go' date
Brian Hamburger's novel service to become an RIA in a day is a response to stepped-up electronic snooping at broker-dealers and nettlesome questions asked by state regulators

Monday 4.8.13
Barney Frank and Chris Dodd are now aware of how persuasive Brian Hamburger can be as they put Vegas on their pre-Christmas calendar.

In a major 'get' MarketCounsel books Dodd and Frank to play Vegas
How Brian Hamburger booked the Martin and Lewis of financial legislators to his -- formerly -- bare-bones conference

Wednesday 4.3.13
In a deal that rocked the RIA world, David Hou (pictured) and Mark Sear sold Luminous for a staggering $125 million in cash to a San Francisco bank.

10 most influential RIA figures going into 2013 and how they're reshaping the industry, Part 1
2012 was a year of drama as sweeping deals of unexpected size were struck and the industry took to the Hill to fight against FINRA overlords

Friday 3.8.13
Skip Schweiss: Why one exam every five months? I'd still like that question answered.

RIA loyalists slam the SEC for playing into FINRA's darkest characterizations of haplessness
Is the Securities and Exchange Commission asking for more cash to examine RIAs, getting it, then spending it on other priorities?

Friday 3.1.13
Brian Hamburger: Don't think for a moment this is it. FINRA is playing coy.

FINRA's regulatory white flag may be a pause before it plays white knight to SEC's cash-starved damsel
Brian Hamburger, David Tittsworth and Pat Burns see no gain in breathing easy with so many endgame possibilities still in play

Friday 2.8.13
Elisse Walter wants a "harmonized" fiduciary standard and is set to serve as the agency's leader until late in 2013

Obama makes 'really unfortunate' appointment of Elisse Walter as new SEC chairman
The former FINRA, CFTC and SEC exec will replace Mary Schapiro next month as RIA leaders brace for a new round of regulatory battles

Monday 11.26.12
Charles Goldman: The number of hybrids has been tapering off and it's been tapering off for a while.

How Charles Goldman, Philip Palaveev, Brian Hamburger and Tim Oden -- and my cabbie -- caught my attention at MarketCounsel Summit
Tussles over scale, branding and professional service played out vividly in Vegas

Friday 9.28.12
Knut Rostad demanded to know what Elliot Weissbluth meant by 'zero conflicts of interest.'

The two dramatic moments everyone was buzzing about at the MarketCounsel conference
Elliot Weissbluth, Knut Rostad, Charles Goldman and Joe Duran helped show us why thought leadership begins when sparks fly

Tuesday 9.18.12
Lori Van Dusen: You can't say that the client is first and then look for ways to double-dip.

Focus Financial firms play a lively game of ping-pong with the Broker Protocol
Focus and its biggest RIA, Buckingham, exited the Protocol this summer while Lori Van Dusen signed on, but there's no change in its strategy to go after breakaway brokers, co-founder says

Monday 9.10.12
The M Resort is a sufficient RIA magnet -- though it shares characteristics with a suburban metroplex

'Ocean's Eleven'-grade RIA sharpies set to play Vegas at MarketCounsel's 2012 Summit
A remarkably varied lineup of industry A-listers are odds-on to spark lively conversation at the compliance confab

Friday 8.31.12
Ron Rhoades: I can assure you that I am doing fine.

Ron Rhoades: Staying on at NAPFA would have given ammunition to RIA industry foes
Shocked industry advocates are conflicted as to whether Rhoades should have stayed the course; in another industry shakeup, FPA's Marvin W. Tuttle announces he will step down

Tuesday 8.21.12
Brian Hamburger: Things are not as complicated as some would have you believe ... so long as the advertising contains adequate disclosure.

6 ways to advertise your investment performance and not run afoul of regulators' wrath
Brian Hamburger debunks advertising myths that scare RIAs from showing off their tracks record

Monday 8.20.12
New York not the center of the RIA world? Fuhgeddaboudit!

Why the slow-evolving metro New York area is still on course to be the capital of the RIA business
The city's sheer wealth and jungle-like powers of regeneration alone mean that it can stomp San Francisco

Wednesday 8.8.12
Rep. Spencer Bachus fired off a WSJ Op-Ed pushing for his bill two weeks after he had tabled it -- leaving advisors gobsmacked.

Amazed and confused: Advisors struggle to make sense of Bachus' Wall Street Journal Op-Ed salvo
House panel chief dives back into the oversight fray, but confusion persists over timing, intentions

Tuesday 8.7.12
Brian Hamburger: It’s like saying that private home pools need to have lifeguards on duty at all times because water parks are required to do so.

Brian Hamburger fires back at Rep. Spencer Bachus' Wall Street Journal op-ed
In his response to “Financial Advisers, Police Yourselves” the RIA lawyer derides the confusing message and demands cops, not community watch

Monday 8.6.12
Skip Schweiss: I feel like democracy worked the way it is supposed to work and that should be encouraging to all advisors.

How RIA forces squashed the Bachus bill by calling the implicit FINRA bluff
Faced with the threat of more SEC exams and higher fees to pay for them, RIA leaders said in effect: Bring it on

Thursday 8.2.12
RIABiz spent its first marketing dollars cladding bar staff at INSITE, with help from Ryan Shanks. [Photo by Mike Byrnes]

Pershing draws a record crowd to steamy Miami but many hearts are in D.C.
INSITE produced bipartisan cheers for Bill Clinton and a split view on the FINRA battle up North

Thursday 6.7.12
Ken Robinson: It's a thinly veiled hostile takeover of independent fiduciary advisors by those who fear them the most.

RIAs flood Capitol Hill with protests against a SRO-FINRA future on the day of the Bachus Bill hearing
Schwab's Clark and TD's Schweiss lead the charge, arriving in D.C. with impassioned advisor missives predicting an 'avalanche of costly regulation'

Wednesday 6.6.12
Brian Hamburger: The Bill's supporters are promoting a devious shell game to hinder the growth of an industry that has flourished by doing the right thing for investors.

Brian Hamburger hammers the FINRA SRO proposal in a letter
In his muscular style as a lawyer and insider in the regulatory realm, the MarketCounsel principal pulls no punches

Tuesday 6.5.12
Michael Nathanson promised deals -- and quickly delivered.

Mintz Levin sells its $1.2 billion RIA, and Focus Financial nabs the assets through a partner firm
In an all-Boston deal, The Colony Group becomes a $2.5 billion behemoth only months after hooking up with the big New York consolidator

Thursday 5.31.12
Angela Canterbury: Several members of Bernard Madoff's family held leadership roles at FINRA.

Non-partisan watchdog group writes a scathing letter about FINRA
POGO, which uncovered the Pentagon's famed $7,500 coffee maker, says the would-be SRO is basically rife with conflicts of interest

Thursday 5.31.12
Christopher Mason is keeping his assets at Fidelity: "They don't have quarterly earnings and they don't do stupid things."

Why one UBS advisor broke away even knowing that his former partner would keep the 401(k) assets
Christopher Mason is establishing Fontis as part of CONCERT but hasn't given up hope of selling his portfolio management skills on UBS' platform

Thursday 5.17.12
Chip Roame sees a coming explosion of discount brokerage branches.

8 notable takeaways from the spring 2012 Tiburon CEO Summit
The breakaway movement still depends more on Wall Street's moves than Main Street's moxie

Wednesday 4.18.12
Ron Carson: It came to me that there was a better way to approach the industry.

The top 10 people to watch in the RIA business in 2012, Part 1
Forces changing the trajectory of the RIA movement

Monday 3.12.12
Peter Hess drove the Advent-Black Diamond merger and may have created an RIA-friendly monster.

The 10 most influential figures in the RIA business going into 2012, Part 2
These advisors and executives made dramatic moves that advanced the business of registered investment advisors

Wednesday 1.4.12
Brian Hamburger: I think that number [from BCG] is a very conservative and kind number.

FINRA attacks Boston Consulting Group over SRO study
BCG sticks to its guns saying that the double-dip cost of SEC oversight makes any FINRA numbers moot

Friday 12.16.11
Brian Hamburger: If anything it's sending the message that the SEC is not putting a high price tag on the cost of maintaining an ongoing compliance program.

How much should RIAs shake in their boots after the SEC punished three firms then put out a detailed press release?
Did the embattled agency go too far -- or not far enough?

Wednesday 11.30.11
Frank Pizzichillo: Helping build the organization was what I loved. It wasn't managing sales people. I liked building things from scratch.

Fidelity veteran Frank Pizzichillo leaves MarketCounsel to join Genworth
In his new role, the Fidelity veteran will be back in advisors' offices advising them on how to grow their businesses

Monday 11.28.11
Duane Thompson says FINRA is keener than ever to regulate RIAs considering the waves of money flowing from the B-D to the fee-only side.

RIAs and B-Ds don't mix, says Duane Thompson at MarketCounsel Summit 2011
TD's Tom Bradley delivers a caffeine jolt of good news about the growth of the RIA channel

Tuesday 10.18.11
Daniel Bernstein: No one should be running their businesses on stuff which may never come to fruition.

The dark side of the 'good' regulatory changes get scrutinized at MarketCounsel Summit 2011
Advisors may get much of what they wish for but in reality it may not be so good

Monday 10.17.11
Brian Hamburger says the latent threat of FINRA is that RIAs will lose their individuality and become like big-box stores

Brian Hamburger answers the questions about an SRO future that has RIA stomachs in turmoil
The MarketCounsel Summit undercurrent revolves around FINRA fears, so Dina Hampton put the compliance expert on the spot about how the scenario could unfold

Friday 10.14.11
Aspiring mixologists Rush Norton, Tim Painter, Kartik Srinivasan, Christina Riley, Alan Strauss

At MarketCounsel Summit 2011, some hard-hitting speeches followed by 'Mohita Madness'
After hearing from industry heavyweights Mark Tibergien, Daniel Bernstein and MarketCounsel founder Brian Hamburger, it was time for a unique cocktail hour in a stunning setting

Thursday 10.13.11
Brian Hamburger, founder of MarketCounsel's Member Summit 2011, expects 200 advisors with between $100 million and $1 billion in assets

MarketCounsel, CFDD, T3 and Schwab vie for advisors to attend their fall conferences
As competition for RIA time and money grows, many events are catering to more defined niches

Monday 9.26.11
Brian Hamburger: Rowe faces an uphill battle if he relied on oral statements.

RIA loses $10 million case against Raymond James the old-fashioned way
The case may have turned on the validity of written versus oral agreements

Thursday 8.18.11
Lockdown in Washington may mean a short reprieve for advisors in the midst of exams, but the looming shutdown portends nothing good for the industry in general, say lawyers

Government shutdown may wallop SEC to the long-term detriment of RIAs
Audits on hiatus; fraudsters get more of a lead; most of the SEC on skeleton staff

Friday 4.8.11
Gary Davis: Our goal is to educate and drive the industry towards approaching compliance as a key part of the overall operations of the firm, not something to be addressed in a silo.

MarketCounsel buys Beneficial Concepts Group with an eye toward calming smaller RIAs' compliance fears
Brian Hamburger believes new regulatory challenges require new approach

Tuesday 3.22.11
Mercer Bullard: "If the CFP Board, the Financial Planning Association or the Investment Adviser Association finally get their act together, they might want to get involved."

Mississippi lawyer Mercer Bullard volunteers to form an RIA SRO and nobody's laughing it off
IAA won't join forces; annual cost to run an SRO could top $150 million

Thursday 3.10.11
Zachary Gronich: "For the state registered people, I’m not really seeing any outrageous new costs beyond that new ADV 2a/2b.”

New Fidelity survey shows advisors are running scared about compliance costs
RIAs, compliance experts and a research group diverge wildly on future costs but a baseline increase in the single-digit thousands seems inevitable

Monday 3.7.11
Brian Hamburger: The SEC is lining up the facts so that later the conclusion becomes obvious (it can’t regulate advisors with current resources). ... It’s genius, what they’re looking to do, but it’s incredibly transparent.

The RIABiz list of winners and losers in the wake of the SEC's fiduciary study
The race is on as laggards adapt to new vision of the future

Friday 1.28.11
Bank of America is trying to stop a giant private banker from waltzing away with $5.9 billion.

Bank of America throws a legal wrench at big wealth management start-up
U.S. Trust breakaway team headed by Mike Brown says it followed Protocol as it seeks quick transfer of $5.9 billion of assets

Friday 12.10.10
David Selig: I felt like I had more meaningful conversations with industry luminaries and other well-connected people than at any event in recent memory.

Advisors in the airport shuttle make suggestions for taking the MarketCounsel Member Summit to the next level
RIABiz stumbles on a final moveable breakout session where unedited opinions flew fast and hard

Tuesday 11.23.10
David Tittsworth: I feel alone out there a lot of the time.

Testy words pass between advisors and regulatory panelists at MarketCounsel conference
RIAs are shocked by how bad things have gotten in Washington

Friday 11.19.10
Joe Duran: There will be a lot of folks wiped out and [big competitors] will charge 30-40-50 basis points and that’s the pricing we’ll all have to live with. (Photo by Catherine Taylor)

The MarketCounsel Member Summit hums in the Nevada desert
Joe Duran floats a controversial thesis about the threat faced by investment managers

Thursday 11.18.10
Suresh Kumar and Trent Witthoeft are the faces of the NetX360 roadshow at a stop-off in Mill Valley.

What I learned from a duo of Jersey guys who visited RIABiz in Sausalito
Brian Hamburger and Suresh Kumar made the long flight fueled by a shared passion for the evolving advisory business

Monday 11.15.10
Daylian Cain: Disclosure is like a sugar pill. If it somehow relaxes us, than it does real harm.

What we all feared: 'Better' disclosure yields worse results, according to Yale professor's study
At an exclusive think-tank style conference on the Potomac, industry leaders heard the psychology behind investors' rosy view of the world.

Monday 9.27.10
Columnist Frank Pizzichillo on the decision points that finally led a brokerage team to make the break.

The Leading Indicator: The story of an intern, a broker and what might be the longest breakaway sales cycle ever
Merrilll Lynch's odd ducks are the independent world's $400 million AUM swans

Thursday 9.16.10
The CFP Board of Standards is co-sponsoring a conference to bring top academics, industry thinkers in front of regulators. Kevin Keller, CEO, says advocacy groups can't afford to take a break now.

How a surprising array of advisor groups aims to catch the SEC's ear
A conference of experts from academia, industry will examine how the fiduciary standard could work in a brokerage business

Monday 9.13.10
Rob Kantor: Merrill Lynch came after us, saying we stole everything. We knew they would, but ... that was a little overwhelming.

Breakaway story: How Merrill Lynch breakaways built a firm that's adding advisors, and assets at $2-$5 million a month
XML's team turned down two buyout offers and faced down a lawsuit to build a top firm near the nation's capitol

Thursday 9.9.10
Charles "Chip" Roame's high-caliber attendees and the longevity of the Tiburon CEO Summit are making it a new standard of smaller event.

Two upcoming elite industry summits promise elbow rubbing and brainstorming par excellence
Brian Hamburger is gaining momentum with his MarketCounsel events in the wake of Chip Roame's long-term success

Tuesday 9.7.10
The RIABiz partners are very rarely in the same place at the same time; in fact, this is our first real team photo!

Notes from the RIABiz one-year anniversary party
The spirit of the RIA Business was strong at this backyard event

Monday 8.23.10
Frank Pizzichillo: LLCs are king 'but there are situations in which an S-Corp may be appropriate and, much less often, where a C-Corp may be the way to go.'

The Leading Indicator: Do not forget corporate concerns in the transition to independence
The quick-hit S-Corp.-versus-LLC rundown for breakaway brokers

Tuesday 7.6.10
Marc Cohen: Frankly a number of our attorneys stayed up way too late sitting around a conference table continually throwing out words that could possibly get someone into trouble.

MarketCounsel's MailBanc automates away some of the liability risk of instant communications
A web-based email archiving and compliance tool for small to mid-size RIAs

Tuesday 6.29.10
While executives from Goldman Sachs raised their right hands before Congress and attempted to artfully wordsmith their way out of selling “crap” to their customers, those that represent a better way of doing business gathered in Las Vegas.

The Leading Indicator: Breakaway lawyers turn the tables and invite RIA providers to their own conference
The business plan and the breakaway plan of RIA service providers are starting to look the same

Thursday 5.20.10
Frank Pizzichillo: I met reps down the street at Starbucks, in living rooms of their homes while their dogs shed all over my freshly dry-cleaned suit, at the food court of a local mall.

The Leading Indicator: Trends and tales from the breakaway broker movement
Frank Pizzichillo takes on a regular column for RIABiz that includes fascinating, inspiring, and heart-wrenching stories

Tuesday 4.13.10
Stan Hall: His firm joined the Protocol to open the door to high-producing brokers.

Which firms are joining the Broker Protocol, and how your firm gets on the list
Signing up is simple and firms can market their eagerness to recruit talent

Thursday 3.11.10
John Furey: Top advisors only engage professionals referred within their networks

Deal killers for almost-breakaway brokers
How to break the dam of 60,000 wirehouse employees

Wednesday 12.9.09
Brian Hamburger: We would tell clients: Our corporate practice was no better or worse than any competing firm.

Hamburger acquisition bulks up firm's corporate practice
As RIAs grow more sophisticated, so does legal work to support them

Friday 12.4.09
Thomas B. Lewis: “There are RIA firms joining that are trying to recruit large producers.”

RIAs drive explosive growth of the Broker Protocol; signatories triple
The wirehouse legal truce is now a poaching tool for advisory roll-ups; Merrill Lynch applauds its wide use

Tuesday 11.17.09
Patricia Struck: The states are almost uniformly in a good position to take on more oversight.

The big change RIAs should expect when the SEC punts to the states
Advisors under states see more audits, tougher registration requirements and busybody lawmakers

Wednesday 11.4.09
Mindy Diamond says of today's breakaway prospects: These are numbers guys.

Top breakaway panel schools RIAs on how to create a cushier deal for financial advisors than a wirehouse
RIAs want to bring aboard wirehouse producers and they want to do it now

Friday 10.23.09
Brian Hamburger: “I’ve been critical of investment advisers. I don’t think they’ve taken advantage of this time [of upheaval].”

Merger and breakaway experts convene near Princeton at old Merrill Lynch lair
Attendees will shares notes on how to dismantle wirehouse salesforces

Thursday 10.22.09
Thomas McGuirk: I didn't like the person I was during those three months

The number one obstacle to completing a clean breakaway from a wirehouse
Leading a double life is not for the faint of heart

Monday 10.5.09
David Hou and Mark Sear: Our biggest fear was that Merrill Lynch would find out and fire us, Sear says.

(Part 2 of 3-part series) Hou-Sear team can't always beat RIAs so it joins them
Why Hou-Sear turned down $60 million to start Luminous

Monday 9.28.09
David Hou and Mark Sear started together at Goldman Sachs and maintained that 24/7 culture in their partnership

(Part 1 of 3-part series) Merrill Lynch stars take a leap of faith to a new office -- and independence.
Breakaway for $20 million producers begins with cell phone chat from empty office

Thursday 9.24.09

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