June 13, 2014 – Mindy Diamond Quoted – By Lisa Shidler, RIABiz – Ameriprise Financial is offering 150% of an advisor’s last 12 months of revenue as its base recruiting bid in an attempt to zap its recruiting efforts back from the dead, according to a Reuters article published Thursday. But simply infusing money into a long-existing problem facing Ameriprise won’t fix everything, says Mindy Diamond.
In the News
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May 12, 2014 – Barbara Herman Quoted – By Susan Konig, WealthManagement.com – A looming advisor shortage and a limited pool of prospects means retaining advisors is the top job for many managers. Here’s how to spot, and keep, talent on the brink of jumping ship.
June 2, 2014 – By Mindy Diamond, WealthManagement.com – What’s behind the lack of women in the industry and how we can get more in the ranks?
How Ex-Morgan Stanley powers are rolling up ex-colleagues and how big Raymond James cash fits into the picture
May 12, 2014 – Mindy Diamond Quoted – By Lisa Shidler, RIABiz – Raymond James has executed a complicated deal that involves ponying up millions of dollars for recruiting bonuses to boost former Morgan Stanley branch managers in their effort to win back their former charges to a new company.
May 1, 2014 – By Mindy Diamond, WealthManagement.com – The independent broker/dealer model may be holding some advisors back from growing into an enterprise.
April 29, 2014 – Mindy Diamond Quoted – By Mason Braswell, InvestmentNews – In the heated competition to bring on new client assets, some of the wirehouses are broadening their search to include bank advisers, a group once thought of as not worth their effort, according to recruiters and branch managers.
April 1, 2014 – By Mindy Diamond, WealthManagement.com – It seems that every wealth management shop hypes their firm’s “culture” as the best thing about it. But what does “culture” really mean? While it might be hard to articulate, culture is king, and it is often the deciding factor when it comes to making a choice between staying with one’s own firm or joining another.
March 13, 2013 – Howard Diamond Quoted – By Liz Skinner, InvestmentNews – Advisers need to practice the pitch they’ll use to persuade clients to switch to a different firm with them, because those conversations could get much more difficult.
March 6, 2014 – Mindy Diamond Quoted – By Mason Braswell, InvestmentNews – J.P. Morgan Securities is stepping up its game and hoping that top financial advisers will take notice.
February 27, 2014 – By Howard Diamond, Financial Advisor IQ – As a longtime fan of classic rock, I am frequently reminded of The Clash’s 1982 hit “Should I Stay or Should I Go?” when I encounter advisors who have mixed feelings about relocating their practice or going independent. Often these folks have a sense that they are not at the right place and wonder if growth opportunities might be outside the confines of their current firm. In these situations, I find most advisors do not spend nearly enough time doing the strategic analysis that should go into a decision of this magnitude. And poor planning can potentially have disastrous effects both on the advisor’s bottom line and the end-client’s overall experience.
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