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In the News

Breaking Free of Dated Ideologies

Posted by Mindy Diamond

WealthManagement-com

By Mindy Diamond

It might surprise you to hear that it is often the most productive and successful wirehouse advisors—usually those who serve the highest net worth clients—who feel the most torn by how best to serve them. It is their belief that these wealthier and more discerning clients are married to the wirehouses. After all, these same firms created a culture where advisors and their clients are indoctrinated in the belief that they are only successful because of the firm name and the brand cache that comes with it.

“The bureaucracy and hyper-vigilant compliance culture of my firm are killing me—but I feel like there is no better option,” said Linda, a top wirehouse advisor. “I’ve been here for my entire career. My clients trust the name and the cache that comes with it. I think that, unfortunately, I am stuck here.”

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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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