Forefront Advisory, an independent asset management firm, is using the financial crisis as an opportunity to scoop up laid-off and unhappy Wall Street talent, giving them a chance to strike out on their own.

Dan Faucetta and Dan Weiskopf, former UBS AG discretionary fund managers who are starting up Forefront's exchange-traded fund investment advisory business, brought a significant number of their UBS clients with them, including ultra-high-net-worth families and family offices, family foundations, endowments and charitable trusts.

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