John Krambeer left Merrill Lynch & Co. in 2003 after 16 years to start his own investment advisory firm in El Segundo, Calif. Now he says the turmoil on Wall Street may bring him $200 million from wealthy clients abandoning top-tier brokerages, including his former employer.
”The past 12 months have been one of the best for referrals in a long time, and I think it’ll continue to get better,” said Krambeer, whose Camden Capital Management LLC oversees $400 million, up from $50 million four years ago. ”The loss of confidence has people looking for an alternative solution to what’s worked for them in the past 10 or 15 years, and we’re winning business.”
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