(Bloomberg) -- J.P. Morgan advisors who oversaw $1.2 billion in client assets are striking out on their own, helped by a Silicon Valley startup with links to secretive big-data firm Palantir Technologies.

David Savir, 32, and Carlos Dominguez, 43, left J.P. Morgan last month to start Miami-based Element Pointe Advisors, which will manage investments and provide oversight for wealthy families. Clients worth more than $50 million often have assets held in trusts and partnerships managed by several institutions, Savir said in an interview.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access