UPDATE (May, 2015): The Sarasota office of Nepsis Advisors is now known as Wealth Planning & Design, LLC.Â
Leonard Leetzow is a 47-year veteran of Morgan Stanley Smith Barney, which makes his departure quite significant. His daughter, Joni, joined the family business at Smith Barney in 1982.
According to a post on the Nepsis Advisor Services site, The Leetzow Group will be working out of the company’s Lakewood Ranch office effective today. They offices are temporarily located on the first floor of the Miles Media Group building on Professional Parkway, just south of University Parkway near I-75. The group is expected to move into their permanent offices in the Home Bank building once construction is completed approximately 120 days from now.
Nepsis Advisor Services is a RIA (“Registered Investment Advisory”) based in Minneapolis, Minnesota and is planning to open additional offices around the country as other advisors are attracted to its independent culture. Many advisors—especially those in the large wirehouses—have expressed growing frustration with the stifling environments and Wall Street investment banker-dominated permission-based cultures in traditional firms. Nepsis is offering a unique alternative to the risky, “go-it-alone” switch to pure independence.
The Sarasota office may be reached at (941) 361-1484.