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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

BNY Mellon is arming Pershing’s RIA unit to the teeth with banking products for ultra high net worth clients

Posted by Mindy Diamond

RIA Biz Financial Advisor News

Mindy Diamond Quoted
By Lisa Shidler

BNY Mellon and Pershing are forming a more perfect union on behalf of big-time RIAs whose clients are rich enough that they don’t want to go through the wringer to borrow cash.

Having the bank and brokerage side linked up together gives Pershing a serious leg up on the other custodians, Mindy Diamond, chief execuitve of Diamond Consultants, says. “The fact that they’re positioning themselves as the ability to offer greater lending capabilities because of the association of the bank is a very good thing. Other custodians are weaker in this area and it’s a positive for Pershing.”

She adds: “If you’re fully independent and not associated with HighTower or Dynasty, it means you have to develop your own relationship with banks and it’s not so easy to do in this lending environment.”

Read more…

 

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About Mindy Diamond

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...

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