By Ian Wenik, Citywire – A quartet of ex-Merrill Lynch advisors in Pennsylvania have broken away from the wirehouse to set up their own independent RIA with Dynasty Financial Partners’ assistance. Samuel Liebman, Matt Liebman, Aaron Marks and Patrick Swift have launched Amplius Wealth Advisors in the Philadelphia suburb of Blue Bell. The four advisors bring over four additional support staffers and were previously known as the Liebman Marks Group while at Merrill.
Mindy Diamond Quoted – By Jake Martin, AdvisorHub – A Goldman Sachs private wealth advisor in Houston has left to open an office in the city for Cresset Asset Management, a Chicago-based registered investment advisory firm.
Hanley Sayers, who began his career in real estate and joined Goldman in 2011, was overseeing $500 million in assets for Goldman customers, a Cresset spokesman said.
Mindy Diamond Quoted – By Mason Braswell, AdvisorHub – Morgan Stanley Wealth Management has hired a big Merrill Lynch Private Wealth Management team based in Florida and New Jersey as it adds to the list of multi-million-dollar hires from the rival wirehouse.
Louis Diamond Quoted – By Lisa Shidler – Eric Clarke says he plans to directly woo breakaway brokers this year–an unusual move for the CEO of a software firm–after a 20% slide in 2020 recruiting, but some recruiters say he may have just missed the boat in a tough but hot market.
By Mason Braswell, AdvisorHub – Morgan Stanley Wealth Management continues to flex its recruiting muscle at the expense of rival Merrill Lynch. Todd C. Gray and Rosa M. Quartuci joined Morgan Stanley on Friday in Red Bank, New Jersey, along with client associate Janyve Almanzar last Friday, according to their BrokerCheck registration records.
Louis Diamond Quoted – By Lisa Shidler, RIABiz – LPL Financial — after decades of market feints — appears more inclined to take on Schwab Advisor Services in RIA custody after signing five RIA recruiters from the market leader.
“This is a major get by LPL as those folks are all excellent and will really help LPL bolster their RIA custody business,” says Louis Diamond, New York-based president of Diamond Consultants.
Mindy Diamond and Louis Diamond Quoted – By Ian Wenik, Citywire – RIA consulting and recruiting firm Diamond Consultants is keeping things in the family. The firm’s founder, Mindy Diamond, has elected to relinquish the title of president to her son, Louis, while retaining her CEO role. Louis Diamond will take over responsibility for Diamond Consultants’ day-to-day operations and advisor consulting practice, the company said.
Louis Diamond to join CEO Mindy Diamond in expanding the firm’s signature 360-degree counsel and industry-leading commentary; will lead the transformation of the firm into a streamlined enterprise.
Mindy Diamond and Louis Diamond Quoted – By Janet Levaux and Jeff Berman, ThinkAdvisor – Diamond Consultants has named Louis Diamond as its new president. Louis, previously executive vice president, takes the baton from Mindy Diamond, who remains CEO of the advisor recruiting and search firm she founded in 1998. The mother and son will continue to serve as consultants to advisors considering their career options.
