By Mindy Diamond – As the mayhem of March is replaced by a resignation that this is “just-how-it-is-for-now,” advisors tell us they’re ready to step out of crisis mode-thinking to focus more on the big picture.
Our weekly insights for advisors: Articles authored by our team designed to broaden your perspective and arm you with knowledge—because knowledge is power.
By Barbara Herman, WealthManagement.com – It’s impossible to come through what the world has endured over the past few months without being changed in some way. Yet people are incredibly resilient, demonstrating an ability to reinvent themselves and rethink both their behavior and mindset when circumstances require it.
By Mindy Diamond – Goldman Sachs Private Wealth Advisors (PWAs) are opting to change jerseys at an eyebrow-raising rate. In the past 3 years, 14 teams, each managing at least $1 billion, have left. Where they’ve gone has been diverse, but it’s the fact that they are leaving at all that’s most noteworthy.
Crisis Underscores the Value of Freedom, Flexibility and Fiduciary Responsibility for this $1B+ Independent Firm
By Mindy Diamond and Louis Diamond, WealthManagement.com – For the founders of Requisite Capital Management, going independent was a philosophical shift from being employees at UBS which has a fiduciary duty to shareholders vs. being business owners whose fiduciary responsibility is to clients—and no one else.
By Louis Diamond, WealthManagement.com – With so much uncertainty and negativity pervading our lives, it’s helpful to imagine a future where we witness positive effects of the crisis on the RIA industry.
By Mindy Diamond, InvestmentNews – In an industry where widespread change was already underway, there’s a new wave of evolution ahead. Here are 10 predictions for what advisors can expect in a post-COVID-19 world.
By Mindy Diamond, WealthManagement.com – Although the game of life feels like it’s been put on hold, there are things we can be doing to make the most of our time.
By Louis Diamond, WealthManagement.com – The wealth management industry was already evolving rapidly to match the needs of clients and advisors, yet the COVID-19 crisis is likely to accelerate the pace even faster. While each segment of the financial services ecosystem will no doubt be impacted, there’s one area in particular likely to evolve more than others: the Independent broker dealer (IBD) channel.
By Mindy Diamond – It’s impossible to ignore the formidable financial crisis—the impact of which is unquantifiable at this time. Yet while there’s much going on that we can’t control, there’s much that we can. That is, our attitudes, our responses and the decisions we make.
By Mindy Diamond – Times like these are both unprecedented and challenging. What advisors and clients alike crave more than anything is stability—and volatile market conditions and a global pandemic certainly provide anything but that.