March 7, 2013 – By Mindy Diamond, RIABiz – My husband and partner, Howard and I must have passed by our current office a million times in our travels over the years. It’s only minutes from our home and located on the main street we travel daily. At that time, it was an A.G. Edwards office, and we often remarked about what a cool old house it was and how much we would love office space like that.
In the News
Our expertise is often sought by leading national media publications for bylined articles and to provide background and color to industry news.
February 26, 2013 – Mindy Diamond Quoted, WealthManagement.com – The RIA M&A market is poised for growth, but not gaudy growth. While the RIA mergers and acquisitions market is poised for growth, the number and size of the deals are likely to make a slow (but steady) climb back to pre-recession rates; few expect a fury of dealmaking.
February 23, 2013 – Mindy Diamond Quoted, The Wall Street Journal – Going independent is a dream of some financial advisers. But there is often plenty of fear mixed in as advisers contemplate breaking away from a big brokerage firm. They may worry that their clients won’t follow, they’re not qualified to run a business or their earnings will shrivel.
HighTower Grabs Sought-After $650mm Merrill Lynch ‘Life Sciences’ team and Shrugs off Recent Deal Slowdown
February 20, 2013 – Mindy Diamond Quoted, RIABiz – HighTower Advisors LLC is officially back in the deal-making business, grabbing its largest breakaway in six months — a Philadelphia-area team with $650 million in assets. HIghTower announced Tuesday that Gregory C. Sarian and Francis X. Masse II of The Sarian Group joined the firm as partners and managing directors. They left Merrill Lynch on Friday to join the Chicago-based RIA and combined have more than 35 years’ experience in the financial services industry. The assets are now primarily with Schwab Advisor Services for custody and Black Diamond is the chosen performance reporting system provider.
February 8, 2013 – Mindy Diamond Quoted, Think Advisor – Recruitment momentum in the registered investment advisor (RIA) and regional space should jump higher in 2013 after a slow 2012, as advisors in search of independence are now sufficiently prepared to make a move, recruiter Diamond Consultants reported Wednesday.
February 6, 2013 – Mindy Diamond Quoted, Financial Advisor Magazine – Mindy Diamond, president and CEO of her namesake recruiting firm in Chester, N.J., characterizes 2012 as an average to down year for advisor transitions and says the humdrum pace was attributed to several factors, such unforgiven wirehouse retention packages that keep advisors tethered to their current employer.
January 28, 2013 – Mindy Diamond Quoted, RIABiz – M&A activity still sickly slow by some reckonings, but harbingers of mating activity abound. Mindy Diamond, founder and chief executive of Diamond Consultants LLC, agrees that 2012 was sleepy but she believes that it is the yawn that refreshes.
January 20, 2013 – By Mindy Diamond, InvestmentNews – ROB is a wirehouse adviser based in the Pacific North-west who has spent a professional lifetime with the same firm. He was 25 when he joined the wirehouse almost 30 years ago, and he earns a living that has far exceeded his wildest expectations. Over the years, he has largely been content. He has felt a sense of loyalty to his firm because he believes it has brought him a level of credibility and respect that he might not have gained elsewhere.
Dynasty Financial Partners and Private Asset Management Magazine hosted a panel discussion on the topic of ‘powering independence.’ Our expert panel included: Bob Oros, eVP, Head of RIA sales and Relationship Management for Fidelity Institutional Wealth Services; Brian Hamburger, Founder and Managing Director of MarketCounsel; Mindy Diamond, President and CEO of Diamond Consultants; and Shirl Penney, Partner, President and CeO of Dynasty Financial Partners.
January 14, 2013 – By Howard Diamond, WealthManagement.com – FINRA last week released Regulatory Notice 13-02 that proposes to require disclosure of financial incentives (recruiting “bonuses”) paid to financial advisors to change firms. In the Executive Summary to the Notice, FINRA indicates that the purpose of the rule change is “to address conflicts of interest relating to recruitment compensation practices.” As you know, currently financial advisors are not required to disclose the financial incentives they receive when switching from one brokerage to another.
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