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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
2 Comments
no description available
Jeffrey Friedstein gets a summer break just when he didn't want one.

Breakaway Stories

Brian Hamburger

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John Furey

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Brian Carlis

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Mike Papedis

Goldman Sachs

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Stark & Stark

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Advisor Growth Strategies

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Hamburger Law Firm

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Fusion Advisor

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Grey Street Capital

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Jeffrey Friedstein

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Joseph Page
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
FAA

FAA

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

Related Moves

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

Goldman Sachs RIA custodian delayed indefinitely, as 'technical details' bedevil launch date

The clock is ticking on the New York City investment bank's strategic imperative to strike while TD Ameritrade and Schwab merge, but Goldman may be facing similar obstacles combining with Folio Institutional.

March 16, 2022 at 2:47 AM

Oisín's Bits: Betterment now a robo roll-up with Canadian IPO as catalyst • Insurers risk regulation for COVID-19 coverage delays • Vanguard shifts Asia focus to China's vast mom-pop retail market

Betterment rolls up a robo • The CFA warns insurers over COVID-19 life polices • Vanguard names Chinese fund head to pursue $6 trillion market.

March 5, 2021 at 1:16 AM
See more related moves
Mentioned in this article:

Stark & Stark
Legal Services for RIAs
Top Executive: Tom Giachetti

MarketCounsel | Hamburger Law Firm
Consulting Firm, Compliance Expert, Legal Services for RIAs
Top Executive: Brian Hamburger

Advisor Growth Strategies, LLC
Consulting Firm
Top Executive: John Furey

Hamburger Law Firm
Specialized Breakaway Service, Mergers and Acquisition Firm, Legal Services for RIAs
Top Executive: Brian Hamburger

Fusion Advisor, Inc
Account Aggregator
Top Executive: Aaron Smith

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