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Paralyzed By Fear

February 16, 2018 By Mindy Diamond In the moments when we need to make a critical decision that could alter everything, the “what if” scenarios often rise to the surface, only to stop us dead in our tracks. Then one of two things happens: You make a decision and move boldly on with your life, or fear takes hold. For me, it’s a feeling I first recall when I was 6 years old, and my father insisted I was ready to ride my bicycle without training wheels. I was absolutely terrified, and I thought, “What if I fall and get hurt? […]

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Mindy Diamond on Independence Podcast

The Bigger Picture: How to Monetize Your Life’s Work in the Long-Term

While the freedom and flexibility of the independent space is attractive to many, it’s the long-term economic potential that’s the real draw for entrepreneurial-minded financial advisors. Special guest and industry expert Louis Diamond shares the top ways independent advisors monetize in the long-term.

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Deborah Aronson - Diamond Consultants Maximize Growth

How to Maximize Growth When Adding One Client at a Time No Longer Seems Like Enough

By Deborah Aronson – Growth doesn’t happen by accident—it begins by knowing where you are today and where you want to be tomorrow. If you’re an advisor at a wirehouse, you’re likely limited to growing organically; that is, one client at a time. But for those who really want to turbocharge their growth and take it up a few notches, organic growth alone is typically not enough.

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Mindy Diamond Podcast on Independence - Protocol

Special Episode: What Non-Protocol Status Means for Those Considering Independence

How will the ability to go independent be impacted by an advisor’s non-Protocol status? Sharron Ash, Chief Litigation Counsel at Hamburger Law Firm, joins Mindy Diamond on this special podcast episode that explores the answer to that question and many more surrounding the recent withdrawals from the Protocol and advisor movement.

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The Reality is that No Decision is Actually a Decision

By Mindy Diamond – It was the American philosopher and psychologist William James who first said, “No decision is, in itself, a decision.” And there are few quotes that bear greater meaning when it comes to decision-making.

All too often, advisors experience inertia – that inability to move forward – and disguise it with excuses. We’ve all said them.

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WealthManagement-com

Can Your Firm Withstand the Three-Year Challenge?

February 1, 2018 By Mindy Diamond With so much choice in terms of business models and affiliations, advisors have little excuse to stay at a firm that no longer serves their clients or their careers in a way that’s anything short of optimal. Yet the day-to-day of business and relationship management often takes priority, and few rarely stop to take a closer look at their firm. Read more…

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Mindy Diamond on Independence Podcast

Show Me the Money: How Independent Advisors Monetize in the Short-Term

While most financial advisors dream about the freedom, flexibility and control of independence, many don’t make the move because of the perceived downside in the short-term economics. In this podcast, Mindy shares how there are now plenty of ways to monetize in the short-term.

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Buy the Book: 5 Ways to Look Better to a Seller

By Allison Brunwasser – Whether you’re an employee at one of the major firms, an independent advisor with a broker dealer or the principal of your own RIA, acquiring a book of business is likely a topic that has captured some of your mindshare. And there’s good reason: It’s a quick way to increase your client base and assets, while also solving for succession. That said, it’s a crowded marketplace with many competing would-be buyers. The good news is that there are several ways for a buyer to differentiate from the pack—and you may have some already in place.  

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Quasi-Independence: The Super-Sophisticated Boutique Model Taking the Industry by Storm

By Mindy Diamond – It’s just a few weeks into the new year and already I’ve met with a number of very impressive entrepreneurs – some I’d even call visionaries – who have launched or are about to launch serious and legitimate wealth management firms. Sure, with the industry climate as it is, this may not be such a surprise. But the real story here is that these firms are part of a whole different breed – a new-fangled and modern twist on RIAs – emblematic of how the industry landscape has expanded to address the changing needs of the advisor population at large.

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RIA Biz Financial Advisor News

How a $500-million Commonwealth rep became a $5-billion-plus RIA in two years and where Dynasty’s M&A war on roll-ups comes in

January 19, 2018 Louis Diamond Quoted By Oisin Breen As part of a single sweep of 2018 transactions, a mezzanine RIA in Steel City purchased Cantor Fitzgerald’s first, best and last RIA asset and, in the process, became the advisor to the area’s largest employer’s 401(k) plan. D.B. Root & Co. LLC is now a ballpark $5.2 billion player with a vastly enlarged presence in the retirement business. The AUM comes with an asterisk because about $4.5 billion is still to be paid for next January. What’s the deal? “In the past, the number of what we would call wealth credential buyers — meaning they have […]

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