Introduction
A highly successful team, managing $1.9 billion for ultrahigh-net-worth clients, has recently departed from Morgan Stanley to establish their independent registered investment advisor firm in Vero Beach, Fla. With the rebranding of their team as SpirePoint Private Client, and led by CEO Trent Leyda, they are setting out on an exciting new venture.
The Birth of SpirePoint Private Client
SpirePoint officially registered with the Securities and Exchange Commission in July, and earlier this month, they filed their Form ADV. Although they have not disclosed any specific clients or assets under management, SpirePoint has detailed their service model, which encompasses financial planning and portfolio management for both individuals and businesses.
Trent Leyda: A Highly Regarded Advisor
As one of Florida's top-ranked advisors at Morgan Stanley, Leyda has been instrumental in serving clients with impressive account sizes averaging $10 million and an average net worth of $25 million. With his commitment to guiding clients through the complexities of financial success, Leyda now looks forward to making an even greater impact as an independent company.
The Transition and Future Plans
While Morgan Stanley declined to comment on the team's departure, Leyda's team successfully transitioned with the support of tru Independence. This service provider specializes in assisting brokers who choose to break away, offering valuable business-consulting services for established RIAs. With this support, SpirePoint is ready to embrace their newfound independence and focus on building, maintaining, and growing the wealth of their valued clients.
In conclusion, the Leyda Group's transformation into SpirePoint Private Client marks an exciting new chapter in their journey towards helping clients achieve financial success. With their unwavering commitment to excellence and dedication to their clients' well-being, SpirePoint is poised to make a significant impact in the world of independent wealth management.
SpirePoint Partners With Goldman Sachs as Its Custodian
SpirePoint, a prominent financial firm, recently announced its partnership with Goldman Sachs, marking another significant win for the well-established Wall Street giant. As part of their expanding advisor services platform, Goldman Sachs has been steadily adding new custody clients to their roster, including notable names such as Creative Planning and several smaller, breakaway teams.
While the specific size and number of RIA accounts on Goldman's platform remain undisclosed, it is evident that their custody business holds great importance for the firm. Richard Lofgren, the managing director at Goldman Sachs Advisor Solutions, expressed their commitment to providing advisors with a range of tools that cater to the unique needs of their clientele. In this context, they are thrilled to support Trent Leyda and SpirePoint as they embark on their new venture.
