RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

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
Admin:
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.'

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.


Related Moves

Focus Financial makes 'abrupt' CEO call, lets Rudy Adolf go into 'retirement,' with 'no solution in place;' the eighth RIA chief executive unseated since June as VCs move in -- where is the EBITDA?

Clayton, Dubilier & Rice closed on its $7-billion purchase of the roll-up on Aug. 31 -- with no hint that its parting of the ways with legendary 60-year-old founder was in the offing.

October 24, 2023 at 1:19 AM

Infamous stockbroker resolves civil suit stemming from violent tirade -- the apparent final chapter in an incident that went viral and forever branded him the 'Fairfield Smoothie Guy'

Broker Jim Iannazzo went all out with high-powered attorneys and slick Las Vegas crisis pr team to limit the damage from his actions, but whether he can ever live down the incident remains to be seen.

September 1, 2022 at 5:11 AM

Oisín's Doubletakes: Clara Shih returns to Salesforce after 11-year hiatus • Focus reloads for M&A with $500 million debt raise, taking its credit north of $1.5 billion • Goldman Sach's 2020 partners list looks less homogenous -- even 'accretive' of women

Former HearSay CEO returns to her mother corporation • Focus Financial Partners debt levels soar 50% on fresh debt issuance • Goldman adds diversity, but snubs Marcus partnerships

February 6, 2021 at 2:39 AM


Mentioned in this article:

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



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo