March 21, 2019 – Louis Diamond Quoted – By Oisin Breen, RIABiz – Two months after taking the reins at HighTower Advisors, CEO Bob Oros’ notched his first big solo score with two key poaches. The firm announced today (Mar. 20) that Catherine “Cat” Davies is joining as chief of staff and head of business management, and Greg Fink will be head of advisor success.
March 21, 2019 – Louis Diamond Quoted – By Charles Paikert, RIABiz – Private equity-backed buyers of advisory firms have dominated the RIA headlines for the past two years. Aggressive dealmakers KKR and Stone Point Capital, which bought Focus Financial in 2017, exemplify the trend.
March 19, 2019 – By Louis Diamond – An aging advisor population has highlighted the need to increase the ranks of next-generation (‘next-gen’) advisor talent. The problem is that financial advisor training programs – previously the dream of many college graduates and freshly-minted MBAs – have taken a back seat to Silicon Valley startups. Indeed, just a quarter of today’s advisor population is under the age of 40, and a mere 10% is under 35, according to research by the CFP Board and Cerulli.
March 11, 2019 – Louis Diamond Quoted – By Bruce Kelly, InvestmentNews – After bleeding advisers for more than two years, Wells Fargo Advisors is changing its succession plan by offering a bonus to advisers who stay on until retirement and giving financial help to young advisers acquiring the business of those advisers who are retiring.
With Louis Diamond – Many financial advisors don’t have a succession plan for themselves. Louis joins host Chris Holman (Executive Coach with Horsesmouth) to discuss the roadblocks and how to get started on building your own strategy in this webinar which aired on February 21, 2019.
February 19, 2019 – Louis Diamond Quoted – By Brooke Southall, RIABiz – If you can make it in the Big Apple, you can really kill it in a place with low rents, minimal traffic and a bounty of free Vitamin D. All three factors helped entice Dynasty Financial Partners to move its headquarters from New York City to St. Petersburg, Fla., RIABiz has learned.
February 6, 2019 – Louis Diamond Quoted – By Lisa Shidler, RIABiz – LPL Financial stock soared to an all-time of $77 a share, Feb. 5, on a resounding Wall Street verdict that Dan Arnold gets recruiting, OSJ relations and letting brokers-be-brokers as the Fiduciary Rule regulatory storm calms.
February 4, 2019 – Louis Diamond Quoted – By Michael Thrasher, WealthManagement.com – Banks and credit unions helped Cetera Financial Group recruit more than 800 financial advisors to the company in 2018, and more than $5.3 billion in assets under administration, the firm said.
January 24, 2019 – Louis Diamond Quoted – By Brooke Southall, RIABiz – Silver Lane took a step toward becoming a Goldman Sachs-like investment banking force in the world of financial advice by tucking in under the wing of Raymond James.
January 15, 2019 – Louis Diamond Quoted – By Diana Britton, WealthManagement.com – Private Advisor Group, a hybrid registered investment advisory and office of supervisory jurisdiction of LPL Financial, recently introduced a new affiliation model aimed at luring financial advisors out of the wirehouses and making it easier for them to move to true independence, with an assist along the way powered by PAG. While the model may be a departure for LPL and sets the firm apart from other OSJs in its network, observers say the changes bring it up to par with what some others are already doing in the RIA space.
