Fired From UBS Unexpectedly, Ohio Advisor Launches Indie RIA


Craig Findley, a former high UBS dealer, was discharged from the wirehouse in April, for what the agency referred to as “non-sales and non-client associated” causes—the supervisor of greater than $1 billion in shopper property apparently did not take a required coaching course. 

Two months later, he has resurfaced. He recruited his former UBS staff members from the brokerage and this week launched Toledo, Ohio-based Enterprise Visionary Companions, a fee-based registered funding advisory with $1.5 billion in shopper property so far. The agency has joined Dynasty Monetary Companions’ community and can use its core providers platform and turnkey asset administration platform. Schwab would be the RIA’s custodian.

Findley wouldn’t touch upon his termination past what’s recorded on his Kind U5, which says, “I acknowledge that I violated agency coverage after I did not recommendation [sic] administration that my assistant had taken a coaching module for me. Nonetheless, I didn’t deliberately violate agency coverage nor was I ever warned, placed on heightened supervision or topic to any sort of progressive self-discipline for this motion.”

Findley now has a staff of 11, together with three companions who joined this week: Robert Retzloff, chief working officer at VVP; Brian Funkhouser, managing director of funding and retirement plan consulting; and John O’Brien, director of retirement plan consulting.

He’s at present registered with unbiased dealer/vendor Purshe Kaplan Sterling Investments, however he says the objective is to ultimately go fee-only.

I evaluated all of the completely different choices, whether or not going to a different wirehouse or to the regional, and I actually saved coming down on the fitting answer to be unbiased,” he mentioned.

He was impressed with Dynasty’s know-how platform, in addition to its relationships with strategic companions like Black Diamond and eMoney.

Findley hopes to broaden the agency in Ohio and the Midwest by means of acquisitions of different advisory corporations, and he’s already been approached by a number of corporations, he says.

“I really feel like generally issues occur for a motive, and this has given me and our staff an actual alternative to do some nice issues.”


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