Morgan Stanley Team With $1.9 Billion Goes Indie, Picks Goldman as Custodian

A $1.9 billion team catering to ultrahigh-net-worth clients has left Morgan Stanley to launch an independent registered investment advisor firm in Vero Beach, Fla.

The team, which practiced as the Leyda Group at Morgan Stanley, is rebranding itself as SpirePoint Private Client, led by CEO Trent Leyda.

SpirePoint initially registered with the…

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