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A Goldman Sachs team attempts breakaway with a client as stakeholder in new RIA and suffers the consequences

Grey Street Capital will have to wait until August to solicit former clients -- at the very least

Author Lisa Shidler June 22, 2017 at 9:21 PM
no description available
Jeffrey Friedstein gets a summer break just when he didn't want one.

Breakaway Stories

Stephen Winks

Stephen Winks

June 23, 2017 — 8:04 PM
What do Goldman Saks brokers do when their b/d does not acknowledge or support expert fiduciary standing of the broker? There is good reason to leave in the best interest of their clients. Clients demand ongoing accountability for recommendations and the professional standing of the broker, otherwise the broker's advice is not reliable. The client should have a say in all this, despite the industry saying otherwise.. SCW


June 24, 2017 — 12:34 AM
Ha! I have always had more respect for people who start businesses than steal businesses.

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March 21, 2024 at 4:41 AM

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

Shirl Penney hands over 'front end of the house' to Andrew Marsh as Dynasty reboots -- post-$100-million raise, post-IPO withdrawal and post-Schwab partnering

The Dynasty CEO is handing over sales, custody relations, breakaways and M&A sales to the un-retired Canadian -- and wildly promoting from within.

September 21, 2023 at 1:53 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

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