By Mindy Diamond – The day began with the battle between custodians as Dynasty Financial Partners CEO, Shirl Penney, engaged Fidelity’s Mike Durbin, Pershing’s Mark Tibergien, and Schwab’s Bernie Clark.
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By Mindy Diamond – One very important point I want to convey – especially to the wirehouse audience – is that the vibe, energy and caliber of attendee that exists at a conference like MarketCounsel Summit (MSUM) also exists at custodian conferences like Schwab IMPACT, Pershing INSITE, Fidelity’s Executive Forum…or any of the others.
By Mindy Diamond – Day 2 at MSUM14 proved that the momentum we are sensing around independence for financial advisors is real, sustainable and will likely accelerate based on a burgeoning number of options available and a new breed of young investors ready to fuel them.
By Mindy Diamond – The MarketCounsel Summit kicked off with the shot heard ‘round the financial advisor world. Rarely do you find such a fortune of financial wisdom gathered together in one place.
By Deborah Aronson – You’re a successful advisor working hard to grow your business and your clients appreciate the high level of service you provide. You’re earning a good living and the firm you work for is also reaping the rewards of your hard work. While there are challenges, you may chalk it up to the price of doing business in an industry that has changed dramatically. But, are you happy and do you feel valued by your firm?
By Mindy Diamond – As we wrapped up at the Raymond James Recruiting Partners Forum held at their corporate headquarters in St. Petersburg, FL on November 22, I found myself considering what accounts for the firm’s extraordinary success in recruiting. RayJay reports that 2014 has been the second best recruiting year in its history (second only to the outlier year of 2008-2009 when all firms saw huge increases in their recruiting numbers).
By Mindy Diamond – With 5-7 years left to work, lots of money in the bank, and a very solid client base that you have spent a career building, you have the high class problem of deciding how you want to live your business life for the rest of your career. Is your current firm the right place to leave your business for the next generation to manage? Is it the legacy you envisioned?
By Mindy Diamond – I am not a conference person. I always feel like I am most productive when in my office or meeting with advisors on their turf. But, I have to say that I was proven wrong this past week in Denver when I attended the mega custodian’s big event of the year where more than 5000 people, 1600 of them RIAs, converged upon the Mile High City.
October 29, 2014 – By Mindy Diamond – By Mindy Diamond – The landscape of the financial services industry continues to expand and create new and legitimate landing pads for top advisors that service the high net worth set. If you think about the landscape as a horizontal line, a continuum of sorts, then the wirehouses sit at the far left, followed by regional firms, boutiques like Credit Suisse and Barclays, and any other employee based model.
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