“Technology is the catalyst,” @HDelux to @Mike_Thrasher @wealth_mgmt on what fuels the move to independence.

Phil Shaffer, a co-founder of Graystone Consulting, Morgan Stanley’s wealth management business that caters to institutions and wealthy individuals, has left the group to start his own independent advisory firm. “We have long said that technology is the catalyst for these departures,” said Brian Hamburger, president and CEO of MarketCounsel. “It’s what’s enabling them to leave and go toe to toe with the firms that they left.” MarketCounsel is an Englewood, N.J.-based firm that specializes in helping brokers transition to independence.

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