In the News

February 19, 2019 – Louis Diamond Quoted – By Brooke Southall, RIABiz – If you can make it in the Big Apple, you can really kill it in a place with low rents, minimal traffic and a bounty of free Vitamin D. All three factors helped entice Dynasty Financial Partners to move its headquarters from New York City to St. Petersburg, Fla., RIABiz has learned. 

February 6, 2019 – Louis Diamond Quoted – By Lisa Shidler, RIABiz – LPL Financial stock soared to an all-time of $77 a share, Feb. 5, on a resounding Wall Street verdict that Dan Arnold gets recruiting, OSJ relations and letting brokers-be-brokers as the Fiduciary Rule regulatory storm calms.

February 4, 2019 – Louis Diamond Quoted – By Michael Thrasher, WealthManagement.com – Banks and credit unions helped Cetera Financial Group recruit more than 800 financial advisors to the company in 2018, and more than $5.3 billion in assets under administration, the firm said.

January 25, 2019 – By Mindy Diamond, WealthManagement.com – It’s hard to deny the increasing momentum towards independence. Whether it’s studies showing year-over-year growth nearing the double digits, or headlines touting another breakaway team making the leap, there are few advisors who can deny the significance and validity of the space.

January 25, 2019 – By Mindy Diamond, WealthManagement.com – It’s hard to deny the increasing momentum toward independence. Whether it’s studies showing year-over-year growth nearing double digits, or headlines touting another breakaway team making the leap, there are few advisors who can deny the significance and validity of the space.

January 24, 2019 – Louis Diamond Quoted – By Brooke Southall, RIABiz – Silver Lane took a step toward becoming a Goldman Sachs-like investment banking force in the world of financial advice by tucking in under the wing of Raymond James.

January 22, 2019 – Mindy Diamond Quoted – By Mrinalini Krishna, Financial Advisor IQ – Sunset agreements are a fast-growing technique the industry is using to help solve its looming advisor retirement problem. But are these contracts setting up the next generation of advisors for failure?

January 15, 2019 – Louis Diamond Quoted – By Diana Britton, WealthManagement.com – Private Advisor Group, a hybrid registered investment advisory and office of supervisory jurisdiction of LPL Financial, recently introduced a new affiliation model aimed at luring financial advisors out of the wirehouses and making it easier for them to move to true independence, with an assist along the way powered by PAG. While the model may be a departure for LPL and sets the firm apart from other OSJs in its network, observers say the changes bring it up to par with what some others are already doing in the RIA space.

January 11, 2019 – Mindy Diamond Quoted – By James Connington, Fund Intelligence – Next year will see the rise of advisers who want independent but don’t want to run their own businesses, as the rapid reorganization of the advice landscape continues, according to top industry executives.

January 4, 2019 – By Mindy Diamond, WealthManagement.com – Advisor movement among the top producers in the industry—those from traditional brokerage firms and banks who are managing $1 billion or more in client assets—is on the rise, with 25 of these uber-teams having moved in 2018. And while these teams seek greener pastures to grow their businesses, the rest of the industry can learn from this wave of movement.