This episode contains some plots that distinguish it from the typical story of Wirehouse Breakaway.
For example, a counselor who spent a dozen years with the CIA before starting a career in wealth management.
The balance of the story is the one that is much less secret, but just as convincing.
Trent Leyda was in Morgan Stanley when he met Kay Campione, a former CIA intelligence -Officer returned to Merrill Advisor. She later left Merrill for Morgan and, with Trent, built a business managing about $ 1.4b in wealth.
They had a strong focus on managing family wealth, which often let them ask if the firm they worked was the firm they would like to manage their family's wealth and legacy.
Were thoughts like these who inspired Trent to say, “Let's join a plan b, just in case.”
That plan, which rolled around the construction of an independent firm, was later put into action. And in October 2023, Trent, Kay and three other team members left to start the private client of the firm Ria Spaint.
In this episode with Louis Diamond, Trent and Kay talk about their transition, including:
-
Their goals in building a family office – and why they thought they could only reach them in independence.
-
The construction of a ria firm – and the role of brain independence played in this process.
-
Choosing guardians – and why both Schwab and Goldman Sachs were the right partners.
-
The tangible benefits of independence – and how this translated into a firm, who would believe in managing the wealth and future of their families.