By Mindy Diamond – There’s a great degree of discomfort, and even fear, attached to the unknown. That’s why so many choose to hang on to the status quo, because there is a familiarity and comfort there—despite the likelihood that greater potential may await elsewhere.
Our weekly insights for advisors: Articles authored by our team designed to broaden your perspective and arm you with knowledge—because knowledge is power.
How First Republic Private Wealth, an under-the-radar wealth management firm, became the hottest ticket in the space—and why it matters
By Mindy Diamond – 6 reasons why First Republic Private Wealth is a home run for financial advisors looking for a solid middle ground between independent and employee models.
By Mindy Diamond, WealthManagement.com – Financial advisors who opted-in to Merrill’s CTP (Client Transition Program) are finding they are stuck in the ironclad agreement, bound by a strict non-compete and clawbacks. It’s a cautionary tale for advisors who have yet to sign on.
By Deborah Aronson, WealthManagement.com – Accumulating assets by way of a wirehouse retire-in-place or sunset program has long been considered an ideal – not to mention enviable – inorganic growth strategy for younger advisors. In fact, we’ve spoken with many over the years who have situated themselves as the “go-to” or “de facto next gen advisor” within their branch, poised to inherit the businesses of an aging advisory force. On the surface, such a strategy benefits both constituents: More senior advisors gain access to their firms’ built-in succession plans and a pathway to unlocking liquidity, while next gen advisors stand to grow their asset base.
By Mindy Diamond – Almost every business journey starts the same way: An ambitious entrepreneur dreams of building an enterprise that will stand the test of time. However, I’ve seen far too many leaders — particularly those in the wealth management space — achieve their dreams of building a successful business, only to recognize the need to create a succession plan far too late in their journey. It doesn’t have to be this way.
By Allison Brunwasser – The idea of joining a firm and being able to choose how you affiliate with them at each phase of your career is gaining popularity. With one firm and one platform, advisors can transfer from an employee model to an independent model all under the same roof—with little disruption to their clients and their team.
By Wendy Leung – When considering a move, it’s natural for advisors to wonder whether clients will follow them to the new firm. Yet the desire to share the news can completely derail a transition to another firm. Here’s what top attorneys recommend when it comes to communicating with clients before, during and after a move.
By Mindy Diamond, WealthManagement.com – No one could have predicted what 2020 had in store for us, yet through it all, many financial advisors are finding themselves better off because of it. That said, there’s a certain groundwork that’s been laid for 10 trends emerging in 2021.
By Mindy Diamond, Forbes.com – The ever-expanding wealth management industry landscape represents a waterfall of possibilities for every advisor and their clients. And having a clear understanding of the environment you’re building your business in is critical—regardless of whether you have a desire to move or not.
By Louis Diamond, WealthManagement.com – All journeys begin with a direction. And whether you’re driving in your car, taking a walk, or even going for a hike, having some preconceived notion around where you’re headed helps to ensure that the desired destination is ultimately reached without getting lost along the way.
Recent News & Articles
- Advisor Choice: How Models Like Wells Fargo’s First Clearing Offer Optionality and Flexibility
- The Trapeze: A Parable for Advisors Considering Change
- Industry Update: Answers to the Top 10 Questions Advisors Ask When Considering Change
- How First Republic Private Wealth, an under-the-radar wealth management firm, became the hottest ticket in the space—and why it matters
- In Pursuit of Purpose: The Story of a Billion-Dollar Breakaway Turned Fee-Only Independent Entrepreneur
Subscribe for Updates
Get updated by email when a new article is added.
Please note that all requests are handled with complete discretion and confidentiality.