I’d say if there’s one area of expertise that breakaways are the thinnest on it’s got to be cybersecurity. If you picture the cushy world of the wirehouse, what’s going on in data security and information security? You’ll get the memos and the flyers, but actually the technical work that’s going on and how many times is a particular wirehouse attacked during a day—which is thousands—it’s just not something that [advisors] factor in.”
 
Tom Harms, chief operating officer, Summit Trail Advisors