 Large teams from these brokerages "know how to work as a big firm but not how to work as an independent big firm."
Rich Gill, managing director, Focus Finacial Partners
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As Big Teams Break Away, Planning Gets Complicated
Corrie Driebusch | Wall Street Journal Online, February 2014
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Summary: When Clayton Hartman first sat down with executives at Focus Financial Partners to discuss a proposed "lift-out" of his team of advisers, then all working for UBS AG, he brought a spreadsheet of roughly 1,000 questions.That may have been overkill, but it reflected the size of the team--20 advisers and staff, including Mr. Hartman. It was an unusually large number to leave a brokerage in one swoop and form their own independent firm.
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