By Kenneth Corbin

An investment advisory team that managed $1.3 billion with UBS has left the brokerage to launch an independent wealth management firm. Hampton Bluff Capital Partners, based in Atlanta and led by industry veterans Krunch Kloberdanz and Justin Runager, launched as a registered investment advisory firm this week with support from minority stakeholder Elevation Point.

Hampton Bluff serves a mix of high-net-worth individuals, entrepreneurs, family offices, and institutions. The team operated as Odyssey Wealth Management at UBS, which declined to comment on the departure.

Elevation Point specializes in helping advisory teams transition away from large, national brokerage firms to launch independent RIAs. It takes a minority investment of between 20% and 49% and offers resources such as technology, back-office support, and enhanced client services to help the firms on its platform grow their business.

Elevation Point says it will support Hampton Bluff's efforts to build out a full-service practice, including investment banking, lending, and trust and estate planning.

"By bringing everything our clients need under one roof, we can help them navigate every stage and every major life event," says Kloberdanz, Hampton Bluff's co-founder and managing partner.

Schwab and Goldman Sachs will provide custodial services for Hampton Bluff, which opened for business on Monday.

Kloberdanz is a 25-year industry veteran who started with SunTrust Securities in 1998, left the industry for two years before returning in 2003 with stints at Lehman Brothers and Credit Suisse before joining UBS in 2015.

Runager got his start in the tumultuous fall of 2008, first registering as a broker with Lehman Brothers on Sept. 1, 2008, two weeks before it would file for bankruptcy. Registration records show Runager joining Barclays, which had been in advanced talks to purchase Lehman, on Sept. 22, 2008, but staying for just over two weeks. He then settled in at Credit Suisse before moving to UBS in 2015, as Kloberdanz had.

Hampton Bluff is the third breakaway broker team Elevation Point has helped go independent this year, following another UBS team and a Merrill practice. Elevation Point CEO Jim Dickson recently told Barron's Advisor that Elevation Point has a crowded pipeline and there will be many others to come.

Elevation Point also makes minority investments in established RIAs and has recently been working with advisory teams looking to break away from large RIA aggregators and start their own firms.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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February 19, 2026 16:18 ET (21:18 GMT)

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