December 5, 2018 – Louis Diamond Quoted – By Bruce Kelly, InvestmentNews – After causing an uproar earlier this year with its advisers and brokers, management at UBS Financial Services Inc. should be commended for coming to its senses, paying attention to its field force and reversing an unpopular policy that potentially interfered with advisers’ relationships with their clients.
December 4, 2018 – By Mindy Diamond, WealthManagement.com – This past September, Diamond Consultants celebrated its 20th anniversary as a recruiting firm in the wealth management space. Frankly, it’s hard to believe that so much time has passed.
November 29, 2018 – Mindy Diamond Quoted – By Andrew Welsch _- Now comes the hard part for Baird. The firm’s acquisition of Hilliard Lyons, announced Tuesday, is one of the largest in recent years and is set to boost Baird’s headcount by about 44% and client assets by $50 billion, or 25%. That’s easier said than done; getting there will mean hanging onto 380 advisors.
November 28, 2018 – Louis Diamond Quoted – By Jeff Benjamin, Investment News – LPL Financial has recruited a team managing $300 million from Cetera Advisor Networks, one of six independent broker-dealers under Cetera Financial Group.
November 20, 2018 – Louis Diamond Quoted – By Bruce Kelly, Investment News – Tired of having to pay six-figure bonuses to replace some of their most productive brokers who left for competitors after the financial crisis, Morgan Stanley Wealth Management and UBS Financial Services upended the wealth management industry one year ago by withdrawing from an agreement known as the protocol for broker recruiting. The move was a determined effort to hold onto more of their brokers.
November 4, 2018 – By Wendy Leung, Fox Business – Succession planning has become a hot topic, driven by an aging advisor population and the anticipated wave of retirements coming in the next decade. Planning for one’s next chapter is the best way to ensure the legacy an advisor has worked so hard to build can continue well into the future.
November 4, 2018 – By Wendy Leung, ETF Trends – Succession planning has become a hot topic, driven by an aging advisor population and the anticipated wave of retirements coming in the next decade. Planning for one’s next chapter is the best way to ensure the legacy an advisor has worked so hard to build can continue well into the future.
October 31, 2018 – Howard Diamond Quoted – By Miriam Rosen, Financial Advisor IQ – Custom loans to financial advisors’ high net worth clients bolster the bottom lines of broker-dealers’ parent companies.
October 22, 2018 – Louis Diamond Quoted – By Jeff Benjamin, InvestmentNews – LPL Financial has delivered the latest salvo in its bitter rivalry with Cetera Financial Group by recruiting Exemplar Financial Network, a Crystal Lake, Ill.-based firm that supports $3.7 billion in assets under management.
October 11, 2018 – Mindy Diamond Mentioned – By Rita Raagas De Ramos, Financial Advisor IQ – Financial advisor Gary Hirschberg has left Goldman Sachs – where he was responsible for $1.4 billion in client assets – to launch his own independent practice, Aaron Wealth Advisors. Chicago-based Aaron Wealth Advisors, which will target high net worth investors and their families, is the 47th firm to join the RIA network of Dynasty Financial Partners.
