July 19, 2019
Mindy Diamond Quoted
By Jason Bisnoff
Senior exec Matthew Brinker announced his departure from United Capital after more than 13 years on the same day Goldman Sachs finalized a deal to buy the firm for $750m, a possible harbinger of more departures in the offing.
Diamond Consultants President and CEO Mindy Diamond said that between Brinker’s departure and conversations she has had with United Capital advisers, there is likely more personnel shuffling to ensue, with some disgruntled advisers saying they feel “sold out.”
“They chose to sell their business to United Capital in return for remaining fully independent and being able to offload the minutia of the business and be part of a scaled community,” she added.