Howard Diamond Quoted – By Andrew Welsch, OnWallStreet – Asset managers are offering financial advisors more help with business development and practice management in an effort to stand out in a crowded marketplace.
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.
Mindy Diamond Quoted, ThinkAdvisor – Industry experts are divided on the impact of this shift on advisor retention and recruiting. Morgan Stanley is moving to defer more compensation for its advisors in 2015. But just how financial advisors will react to the shift is debatable, experts say.
Mindy Diamond Quoted – By Michael Wursthorn, OnWallStreet – Morgan Stanley is going to make its financial advisers wait longer to pocket some of their pay.
Howard Diamond Quoted – By John Aidan Byrne, New York Post – Headhunter Sanj Hingorani is a 19-year veteran of Wall Street’s brutal multimillion-dollar recruiting wars — and he was “stiffed” by clients. Hingorani is owed about $300,000 in fees, and that’s because of today’s more cutthroat corporate practices, the headhunter says.
By Mindy Diamond, eMoney Advisor – What makes a big team move? What could be the catalyst powerful enough to make advisors managing more than $1B in assets leave the comfort of a familiar nest to undertake the herculean effort of changing firms? Could the money alone be a powerful enough motivator? Except for rare instances, the answer is “no.” When the biggest teams choose to change jerseys it’s about “pushes” and “pulls”- a tangible impact on one’s ability to grow his/her business AND the identification of an opportunity that will be more than marginally better elsewhere.
Mindy Diamond Quoted – By Lisa Shidler, RIABiz – RIA custodians, independent broker-dealers and non-wirehouse full-service brokers alike gave Stephen S. Brown and James P. Goetz the benefit of the doubt as they looked for a place to land after Merrill Lynch gave them their walking papers on Sept. 9, allegedly for selling away to their Rochester, N.Y.-based clientele.
Barbara Herman Quoted – By Danielle Verbrigghe, FundFire – A spate of recent firings of high-profile advisors shows that wealth management firms aren’t afraid to cut top-producing advisors in certain situations, but captive brokerages will fight to retain their clients’ assets, recruiters and consultants say.
By Mindy Diamond, WealthManagement.com – When thinking strategically about your career, no matter what stage you’re at, keep in mind the end goal should be to realize the value of your life’s work. Essentially, your retirement options fall into two categories.
How Merrill Lynch’s divorce of its own $2.5-billion team shows just how fed up the wirehouse is with RIA-bound breakaways
Mindy Diamond Quoted – By Brooke Southall, RIABiz – In what could well be an emerging trend of making a final goodbye out of what used to be just a wrist-slapping infraction, Merrill Lynch fired an advisor team from its elite Private Banking and Investment Group for advising clients on the purchase of a hedge fund not on the Merrill Lynch platform.
Mindy Diamond Quoted – By Dan Jamieson, Financial Advisor Magazine – Morgan Stanley said Wednesday it had landed the Brice Group, a $4.5 billion advisor team, from Merrill Lynch. They were very loyal to Merrill Lynch,” said recruiter Mindy Diamond, of Diamond Consultants LLC, who placed the team with Morgan Stanley.
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