Perspectives: Insights for Advisors

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The Breakup: When Partnerships Go Awry

Diamond Consultants - In the News
By Mindy Diamond, WealthManagement.com - Problems between partners can often be magnified when the team explores a move. Like all too many marriages, advisor teams that often seemed inseparable wind up crumbling and falling apart for a variety of reasons. But often the reasons behind a breakup don’t become fully apparent until the partners explore a move to a new firm.

WealthManagement-com

Oct 21, 2014
By Mindy Diamond

Problems between partners can often be magnified when the team explores a move.

Like all too many marriages, advisor teams that often seemed inseparable wind up crumbling and falling apart for a variety of reasons. But often the reasons behind a breakup don’t become fully apparent until the partners explore a move to a new firm.

Issues that may have seemed like minor irritants or petty annoyances between partners get placed under the proverbial microscope when the partners contemplate a move and start the exploration process. Then, sometimes, these trivial frustrations turn into full-blown conflict. What are some of the issues that challenge teams?

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