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.”
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.
No investor losses? The SEC can still claw back every dollar of pro
Plus, Well Fargo hails May recruitment haul totaling more than $3 billion in assets, while UBS recruits a top advisor and women's champion from Lazard.
Robinhood’s invite-only Concierge unit now serves about 60,000 affluent customers with CFP access, tax planning, and estate planning resources as the retail brokerage expands further into wealth management.
The two wealthtech platforms name new C-level executives as AI-native strategy and private markets growth accelerate across the advice industry
Franklin Resources' fixed-income unit settles SEC charges and closes firm-level DOJ and regulatory probes, but Kenneth Leech's criminal case continues.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
