RIA M&A · Podcast

The Trust Behind the Transition: UBS Breakaways on What It Takes to Move $1B in a Matter of Months

For advisors considering a breakaway, it offers a first-hand account of partner alignment, client trust and the operational realities of moving a large team. It also covers how retention and a new-business pipeline were described after launch.

Streams from the publisher’s own feed. Nothing loads until you press play.52 min

On the publisher’s site

Summary

By the ria m&a desk

The episode features Michael Lee and Steve Armaly of Ox Road Capital describing their move from UBS to launch an independent firm. They discuss how four partners reached alignment, why they chose independence over recruiting economics available elsewhere, and the realities of leaving a non-Protocol firm. The firm says it crossed $1B in AUM in 225 days and had a 93% retention rate.

Lee and Armaly left UBS without client information or assets at the new firm; Ox Road later reported approximately $1.1B in AUM.
The four partners spent roughly a year working toward alignment, at one point using an outside counselor.
They chose independence over significant recruiting economics available elsewhere.
The episode covers leaving a non-Protocol firm, client response, and a reported 93% retention rate.

Similar items

Same topic

Next Gen, Now \| Breakaway Advisor Perspectives	Cresset	5 min	Oct 27
True Partnership Model \| Breakaway Advisor Perspectives	Cresset	3 min	Oct 27
RIA Edge Podcast: Scaling RIAs While Preserving Advisor Control with Jim Dickson	WealthManagement.com	29 min	Oct 27
RIA Edge Podcast: Scaling RIAs While Preserving Advisor Control with Jim Dickson	RIA Edge (David Armstrong)	29 min	Oct 27
RIA Growth Strategy, M&A, and Capital Partnerships with Sam Anderson and Matt Kilgroe	Dynasty Financial Partners	40 min	Oct 22