RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

A Goldman Sachs advisor breaks away, sits out for 90 days and builds a $1-billion-plus RIA

Justin Berman's firm has thrived by investing his own family's money alongside that of clients

Author Elaine Podfeldt November 15, 2011 at 4:21 AM
Admin:
no description available
Justin Berman on Goldman Sachs: When I first started there, we could do no wrong.

Jeff Spears

Jeff Spears

November 15, 2011 — 2:34 PM

Wonder if Seven Post, another Goldman breakaway team, was movitaed by Berman’s success.

Seven Post’s three month “garden leave” ends on December 2.

I’m sure other advisors are watching.


Related Moves

Goldman Sachs-Creative Planning deal is bleeding defectors -- 16 more last week, report says -- auguring a 'potential disaster,' analysts warn

Dozens of former 'United Capital' advisors are fleeing at once, but Peter Mallouk is still battling to keep them, and Goldman Sachs may play legal hardball, sources say.

October 4, 2023 at 2:16 AM

Pershing restores Ben Harrison as sole heir to Mark Tibergien -- for now -- but solo tenure may be temporary, with other top talent in the wings

Co-Head Maura Creekmore's departure leaves Harrison at the top by default, but the company is mum on future hiring and how much RIA autonomy gets sacrificed in name of 'convergence.'

January 19, 2023 at 3:31 AM

Farther struts its startup magic and shows why a $375-million RIA can be worth $50 million -- by getting four advisors to bring books of business just to be part of the enterprise

The San Francisco firm claimed its software was at another level and now advisors are betting careers on it, though not of the UHNW variety imagined

November 2, 2022 at 3:27 AM

Goldman Sachs fought the squid, but the squid won as CEO David Solomon puts the United Capital-Ayco RIA back under the control of house asset managers

Solomon acknowledges he's largely reunifying wealth management and asset management to regain synergies after trying to give the in-house RIA agency.

November 1, 2022 at 4:03 AM

See more related moves

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo