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Big-bank brokers make exit under cloak and dagger

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Sara Botkin (right) left Morgan Stanley with her father and brother to start their own independent financial planning and investment firm. The Botkins went so far as to require non-disclosure agreements from contractors working on their new building.

Pittsburgh

SECRET contracts, covert real-estate deals, scurrying around after nightfall to avoid detection: this is how far big-bank brokers are prepared to go when they plan to go independent.

It's a risky enterprise. If the brokerage learns that someone intends to leave, it often

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