Deutsche team with $3.2 billion in assets forms RIA

Deutsche team with $3.2 billion in assets forms RIA
Advisers David La Placa (pictured) and Jay Casey, founded Intellectus Partners after managing some $3.2 billion at Deutsche Bank. They've jumped ship to start their own firm.
JUN 30, 2015
Two advisers who ran one of the largest brokerage practices in California while at Deutsche Bank Securities Inc. have jumped ship to start their own firm, according to an announcement. The advisers, David La Placa and Jay Casey, founded Intellectus Partners after managing some $3.2 billion at Deutsche Bank, according to Sally Cates, a spokeswoman for Dynasty Financial Partners, a platform and service provider enlisted by the team. The two advisers resigned from Deutsche last Friday, Ms. Cates said. A spokeswoman for Deutsche Bank, Catherine Wooters, declined to comment. Intellectus, which is based in San Francisco, focuses on entrepreneurs and “newly created wealth in Silicon Valley in a robust initial public offering and [mergers and acquisitions] environment,” according to a statement from Dynasty. The move is the latest in what some industry experts say is a trend of larger teams' striking out on their own. Mr. La Placa has more than two decades of industry experience, starting in 1993. He spent time at Lehman Brothers Holdings Inc. before joining Deutsche Bank in 2004, according to registration records with the Financial Industry Regulatory Authority Inc. Mr. Casey has 15 years of industry experience and also worked until 2004 at Lehman, according to Finra records.

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.