By Mindy Diamond – The prodigious momentum towards independence has created a whole new generation of entrepreneurs who are attracted to more than just the freedom and flexibility of the space. They’re eschewing short-term payouts of brokerage recruitment deals for the long-term potential of building an enterprise with maximum value that will be appealing to buyers in the future.
January 22, 2019 – Mindy Diamond Quoted – By Mrinalini Krishna, Financial Advisor IQ – Sunset agreements are a fast-growing technique the industry is using to help solve its looming advisor retirement problem. But are these contracts setting up the next generation of advisors for failure?
January 11, 2019 – Mindy Diamond Quoted – By James Connington, Fund Intelligence – Next year will see the rise of advisers who want independent but don’t want to run their own businesses, as the rapid reorganization of the advice landscape continues, according to top industry executives.
It’s not just the billion-dollar teams that are making a splash in the independent space; just ask Brett Oley of Oley Kinser Concierge Wealth
By Mindy Diamond – The first days back to work at the beginning of a new year are busy for everyone, for sure. Yet I’ve learned that it’s an important starting point for us all—the perfect “excuse” to hit the reset button on every aspect of our lives, both personally and professionally.
January 4, 2019 – By Mindy Diamond, WealthManagement.com – Advisor movement among the top producers in the industry—those from traditional brokerage firms and banks who are managing $1 billion or more in client assets—is on the rise, with 25 of these uber-teams having moved in 2018. And while these teams seek greener pastures to grow their businesses, the rest of the industry can learn from this wave of movement.
December 28, 2018 – Mindy Diamond Quoted – By Janet Levaux, ThinkAdvisor – First Republic Bank, which has about 150 financial advisors, will become part of the S&P 500 on Jan. 2. The firm is set to replace energy utility SCANA Corporation, which is being bought by Dominion Energy.
December 27, 2018 – By Mindy Diamond, WealthManagement.com – December 27, 2018 – I’ve met with a number of very impressive entrepreneurs—some I’d even call visionaries—who have launched or are about to launch serious and legitimate wealth management firms. Sure, with the industry climate as it is, this may not be such a surprise. But the real story here is that these firms are part of a whole different breed—a new-fangled, modern twist on registered investment advisory firms—emblematic of how the industry landscape has expanded to address the changing needs of the advisor population at large. The model I’m referring to is “quasi-independence.”
December 20, 2018 – By Mindy Diamond and Shirl Penney, Financial Advisor IQ – It’s no secret that wirehouse firms want to keep their advisors captive. Protocol departures, shoring up non-solicitation agreements, deferring compensation, and mandating garden leave for those who choose to move to a competitor are strategies designed to stave off attrition.
In this podcast episode, Liz Nesvold, founder and managing partner of Silver Lane Advisors, joins Mindy to explore what it means to build your business with the end in mind, and why it’s one of the most critical directives an RIA firm owner should follow.
