Wealth advisors strike out on their own

Here’s a trend to watch for small businesses around Richmond that handled projects from the now-departed Wachovia Securities: Wealth advisors continue leaving big banks and investment firms to run their own wealth management businesses. And most of their investment approaches are similar: trying to help wealthy clients find steady returns. That means likely no home runs, but hopefully no blow-ups, either.

And their independence is a big selling point as they try to pick up clients with more than $500,000 to invest. Read more