Mindy Diamond Quoted
By Liz Skinner
Peter J. Raimondi walked away from The Colony Group 20 years after he launched the Boston advisory firm with just nine clients. After expanding the firm to 650 clients and $900 million in assets under management, he wanted to shift the business focus toward asset management, a move that he had decided was key to further growth. His partners didn’t agree, so he left.
“It can be as devastating as a divorce in a marriage,” said Mindy Diamond, chief executive of Diamond Consultants Inc. “Just as the children are the ones who feel the stress in a divorce, the clients feel the stress when advisers split up.”
