Asset-gathering Machines

In the first half of 2008, Camden Capital Management, a fee-only registered investment advisor (RIA) in El Segundo, Calif., added $100 million to its growing pot of client assets. By the end of the year, John Krambeer, Camden's president, reckons the firm will reel in another $50 million or so. Get this: every single dollar of that total belongs to a breakaway client the RIA industry's pet phrase

In the first half of 2008, Camden Capital Management, a fee-only registered investment advisor (RIA) in El Segundo, Calif., added $100 million to its growing pot of client assets. By the end of the year, John Krambeer, Camden's president, reckons the firm will reel in another $50 million or so. Get this: every single dollar of that total belongs to a “breakaway client” — the RIA industry's pet phrase for investors who have come to them from the wirehouses. (See “Who Are These People?” p. 37.)

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