Wendy Leung, Author at Diamond Consultants: Financial Advisor Recruiting Firm

Adding to string of new hires, Steward Partners lands $160M Merrill team

By Andrew Welsch, OnWallStreet – Steward Partners hired a former Merrill Lynch team managing $160 million in client assets, the firm said. It’s the latest in a string of hires for the independent firm, which was founded by former wirehouse managers in 2013 and is affiliated with Raymond James. So far this year, Steward Partners has recruited 19 advisors and opened six offices. The Washington, D.C.-based firm now has more than 100 advisors operating from 21 locations.

$160m Merrill advisor breaks away

By Ian Wenik, Citywire – The $13 billion hybrid RIA has hired Kevin Taube away from the wirehouse to work in its Manchester, N.H. office. Taube had worked for Merrill Lynch since 2006, running a practice that he estimated to be 99% fee-based.

Longtime ‘aspiration’ realized: Bank advisor goes indie with LPL

By Tobias Salinger, Financial Planning – A financial advisor who bolted from JPMorgan Chase Bank says many in the bank channel hesitate to go independent from their longtime branches and well-known brands.

Considering a move? Here’s what advisors can – and can’t – say to clients.

By Wendy Leung – When considering a move, it’s natural for advisors to wonder whether clients will follow them to the new firm. As a result, an advisor may be tempted to reach out to a few top clients, simply to gauge their reactions. Yet this is exactly the kind of impulse that can derail a move and a career—since such outreach could result in litigation and, at worst, termination.

Morgan Stanley Hires $1 Billion-Asset Texas Team from UBS

By Vicky Ge Huang, AdvisorHub – Morgan Stanley has reached into rival UBS Wealth Management’s talent base, hiring a duo in Houston for its private wealth unit and a broker in Long Island managing $215 million. The team of Jeff Parker and Rafael Herrera, who spent their entire two-decade brokerage careers with UBS and predecessor PaineWebber, left Friday for the elite private wealth unit of Morgan Stanley that houses about 250 teams serving very wealthy investors.

$175M UBS team breaks away for ‘concierge level of service’

By Andrew Welsch, OnWallStreet – A team that managed $175 million at UBS quit to open an independent practice with Kestra Private Wealth Services, according to the company. The team was driven in part by a desire to keep pace with changes in wealth management, according to team member Brendan McCarthy, who pointed to what he said were improvements in technology as well as greater accessibility to products and services for clients.

Charting your Course to Independence

By Wendy Leung – Many advisors dream of going independent for the freedom and flexibility to control their business, client service model and bottom line. What sometimes isn’t a part of this “dream” is the prospect of taking on the additional responsibilities that business ownership entails, while emptying your bank account to fund startup costs. The good news is that you don’t have to abandon your dream of independence. An evolved landscape has answered the call—with a vast ecosystem of capital, support and resources available to help you succeed in living out your dream of independence.

9 Reasons Why So Many Advisors Don’t Have a Plan B—But Should

By Wendy Leung – It’s interesting how some of the most basic principles of business planning often end up at the bottom of so many advisors’ lists. No doubt, the hectic day-to-day schedule of working on “Plan A” can make it difficult to carve out the time to even consider an alternate plan for the future—that is, a “Plan B”.

Succession Planning: Avoiding the 6 Most Common Mistakes

By Wendy Leung, Fox Business – Succession planning has become a hot topic, driven by an aging advisor population and the anticipated wave of retirements coming in the next decade. Planning for one’s next chapter is the best way to ensure the legacy an advisor has worked so hard to build can continue well into the future.

Succession Planning: Avoiding the 6 Most Common Mistakes

By Wendy Leung, ETF Trends – Succession planning has become a hot topic, driven by an aging advisor population and the anticipated wave of retirements coming in the next decade. Planning for one’s next chapter is the best way to ensure the legacy an advisor has worked so hard to build can continue well into the future.

About Wendy Leung

Adding to string of new hires, Steward Partners lands $160M Merrill team

$160m Merrill advisor breaks away

Longtime ‘aspiration’ realized: Bank advisor goes indie with LPL

Considering a move? Here’s what advisors can – and can’t – say to clients.

Morgan Stanley Hires $1 Billion-Asset Texas Team from UBS

$175M UBS team breaks away for ‘concierge level of service’

Charting your Course to Independence

9 Reasons Why So Many Advisors Don’t Have a Plan B—But Should

Succession Planning: Avoiding the 6 Most Common Mistakes

Succession Planning: Avoiding the 6 Most Common Mistakes

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