Louis Diamond takes over the mic to share actionable advice on succession planning for all advisors no matter your age, stage of your career, or whether you’re seated at a wirehouse or are an independent business owner.
About Mindy Diamond
President and CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...
Mindy Diamond Quoted – By Jeff Benjamin, Investment News – HighTower Advisors put an exclamation point on its move away from recruiting breakaway brokers this week by officially exiting the broker protocol.”It’s a little bit of form over substance,” said Bob Oros, chief executive of the $50 billion RIA consolidator.
By Mindy Diamond, WealthManagement.com – The momentum towards independence has given rise to a new generation of uber-entrepreneurs—advisors with their sights set on more than just the freedom and flexibility that the space offers. They’re forgoing the short-term payouts of brokerage recruitment deals for the long-term potential of creating an enterprise with maximum value that will be appealing to buyers in the future.
By Mindy Diamond – There’s a certain level of awe that accompanies a review of the names that appear on lists like the Forbes Top Wealth Advisors and Barron’s Top 100 Financial Advisors. Many of these individuals and others like them have broken through the proverbial billion-dollar ceiling—representing a pinnacle of achievement in the wealth management industry.
Mindy Diamond Featured – By Dynasty Financial Partners – So many firms want to grow inorganically and recruit established advisors to their firms and transfer their clients across, but what does this process actually entail? Is your firm M&A ready? How do you attract these advisors? What should the negotiation look like? Is the market too frothy right now? Ed and Gordon are joined by a panel of experts who live and breathe advisor recruitment every day: Mindy Diamond, Founder and CEO of Diamond Consultants, Joe Rizzo, Director of RIA Growth Strategies at Dynasty Financial Partners, and Phil Fiore, Partner and CEO at Procyon Partners.
By Joyce Blay, Financial Advisor Magazine – Former Merrill Lynch wealth manager Craig Robson, who managed $450 million in client assets at the firm’s Atlanta office, is launching Regent Peak Wealth Advisors.Robson’s independent wealth management firm will be based in Atlanta and will serve high-net-worth and ultra-high-net-worth clients, the company said.
WealthManagement.com – A wealth advisory team managing more than $450 million in client assets will be joining Dynasty Financial Partners to create Regent Peak Wealth Advisors, a new independent wealth management firm. The Atlanta-based five-person team is led by Craig Robson, who is leaving Merrill Lynch after 25 years. He said in an interview with WealthManagement.com that optionality in choice and finding new ways to serve clients spurred the change.
Chip Munn reminds us that breakaways do not always come from the wirehouses. He left regional broker dealer Hilliard Lyons for RJFS in 2016 in search of more freedom and flexibility to grow his business. And grow he did: from $300mm in AUM to $1.2B in just a few short years.
By Mindy Diamond – Advisors at big brokerage firms have found themselves in a world driven by a zero-tolerance culture—an environment where compliance departments rule with a heavy hand while management is focused on the lowest common denominator. It’s a transformation that evolved over the last several years as firms became more risk-averse, creating an incongruence between advisors who want to provide a bespoke experience for their clients and a compliance department that wants to put a narrow box around them.
In a greatly expanded landscape, many independent models exist that provide varying levels of freedom and flexibility. Louis Diamond joins the episode to help identify, compare and contrast the 7 most popular options available to breakaway advisors.