Celebrated $1.9B wirehouse team launches independent RIA firm

Celebrated $1.9B wirehouse team launches independent RIA firm
The team comprises three advisors with history of industry recognition.
OCT 13, 2023

A team of three advisors has taken the decision to break away from Morgan Stanley to launch an independent RIA firm.

Founding partners Trent Leyda, Kay Campione and Jim Beindorf, along with associate team members Susie Zimmerman, Heather Tritt and Tara Carabello, were The Leyda Group at the wirehouse and managed $1.9 billion.

They have founded SpirePoint Private Client with independent advisor platform Tru Independence.

“The SpirePoint team is remarkable in their approach as fiduciaries for their clients. Their expertise lies in serving individuals and families with ultra-high-net-worth and complex portfolios and estates, while our strength at Tru lies in providing a platform to enable innovation, execution, and service,” said Craig Stuvland, founder and CEO of Tru.

The team has attracted much industry recognition over their many years in the industry, most recently a Forbes Best-In-State Wealth Management Team for 2023; and Leyda has personally been named as a Forbes Best in State Wealth Advisor for three consecutive years (2021-2023) and Barron’s Top Advisors by State in 2022 and 2023.

“One of SpirePoint’s founding principles is to help clients navigate the complexities and responsibilities that accompany financial success. We want clients to focus on their interests, activities and people that enrich their lives,” remarked Leyda. “We are excited to plant SpirePoint’s flag firmly as an independent company and embark on something that matters in building, maintaining, and growing the wealth for those we serve.”

CUSTODIAN SERVICES

The firm has selected Goldman Sachs Advisor Solutions as custodian and will leverage its robust capabilities around public and private investments, custody, and lending solutions.

“Goldman’s depth of services stood out in providing us exceptional tools and resources. We have access to other custodians as well depending on the needs of clients,” added Leyda.

Latest News

'Bogged down' advisors just want to have fun (again)
'Bogged down' advisors just want to have fun (again)

Jim Cahn, of Wealth Enhancement Group, lifts the lid on his firm's partnership model, his views on RIA M&A, and the widely slept-on reason why advisors are merging into larger organizations.

Vestwell unveils new emergency savings account offering
Vestwell unveils new emergency savings account offering

The fintech firm is cementing its status in the workplace savings space with its latest ESA offering, which employers can integrate into their existing benefits package.

'Money Mimosas' and other ways to show your Valentine financial love
'Money Mimosas' and other ways to show your Valentine financial love

Wealth managers offer unique ideas for couples to grow closer emotionally and financially.

Limra research finds financial confidence on the rise among Black American workers
Limra research finds financial confidence on the rise among Black American workers

Survey findings suggest increased sense of financial security and more optimistic 2025 outlook, while highlighting employers' role in ensuring retirement readiness.

DOGE efforts sideswipe muni bonds backed by federal lease payments
DOGE efforts sideswipe muni bonds backed by federal lease payments

Falling prices for some securities within the $4 trillion state and local government debt market spotlight how the push to shrink spending is sending shockwaves across the US.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.