The market crash was painful for investment firms and their clients, but it has been a boon for a boutique investment administration business in North Carolina.

"Since 2008, a lot of firms have blown up," said Kip Meadows, chief executive of Nottingham Investment Administration in Rocky Mount. "That left a lot of mighty talented people out there, the No. 2 or 3 people at these investment advisers, who said, 'What am I going to do next?' "

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