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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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      • Mindy Diamond
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Industry knowledge by Louis Diamond

Private Bankers Considering Change: What You Need to Know

Private Bankers Considering Change: What You Need to Know

By Mindy Diamond & Louis Diamond, Barron’s – There’s been an interesting shift in movement amongst private bankers. Transitions by this constituency have risen dramatically over the last two years. What’s driving the change and what do private bankers need to know before making a transition to a wealth management firm?

The Gears of Change: How Evolving Expectations of 3 Key Stakeholders is Driving More Advisor Movement Than Ever Before

The Gears of Change: How Evolving Expectations of 3 Key Stakeholders is Driving More Advisor Movement Than Ever Before

By Louis Diamond, Barron’s Advisor – Financial advisors are seeking greener pastures that offer the ability to achieve something better for themselves and their clients.

Looking Forward to 2022: 8 Emerging Trends That Have the Power to Transform Wealth Management—Again

Looking Forward to 2022: 8 Emerging Trends That Have the Power to Transform Wealth Management—Again

By Louis Diamond and Mindy Diamond, Wealthmanagement.com – A report on 2022 trends for financial advisors explores how the constant push towards something “better” is driving change and paving the way for the fastest evolution the wealth management industry has ever seen.

Advisor Recruitment: The Bull and Bear Case for a Forgivable Loan

Advisor Recruitment: The Bull and Bear Case for a Forgivable Loan

By Louis Diamond, AdvisorHub – An expanded landscape with more options than ever before has advisors wondering: “Should I go for the short-term windfall or bet on the long-term potential?” And there are good cases for both options.

Why Advisors in “Growth Mode” Are Sacrificing Momentum to Change Firms or Models

Why Advisors in “Growth Mode” Are Sacrificing Momentum to Change Firms or Models

By Louis Diamond, Investment News – It seems to be counter-intuitive for an advisor or team who may be riding the wave of their “best year ever” to change jerseys or break for independence. Yet it’s happening in record numbers.

Billion Dollar Sellers: Tracking the Shift of RIAs from Buy-Side to Sell-Side

Billion Dollar Sellers: Tracking the Shift of RIAs from Buy-Side to Sell-Side

By Louis Diamond, CityWire.com – In years past, a $1B+ independent firm would have automatically considered themselves a legitimate buyer. But today, with the red-hot M&A market spurred by scores of private equity capital, serial acquirers, and the emergence of mega-RIAs boasting a full suite of comprehensive client services, AUM is no longer a predictor of buyer status.

Aligning Your Inward and Outward Pointing Compass: A Process for Advisors Considering Change

Aligning Your Inward and Outward Pointing Compass: A Process for Advisors Considering Change

By Louis Diamond, WealthManagement.com – All journeys begin with a direction. And whether you’re driving in your car, taking a walk, or even going for a hike, having some preconceived notion around where you’re headed helps to ensure that the desired destination is ultimately reached without getting lost along the way.

Investing in Independence: How Investors in Wealth Management Firms are Helping Wirehouse Advisors Make the Leap

Investing in Independence: How Investors in Wealth Management Firms are Helping Wirehouse Advisors Make the Leap

By Louis Diamond, WealthManagement.com – Traditionally, a wirehouse advisor looking to monetize his business had few choices: Either move to a firm paying a “recruiting deal” or signing on to his firm’s sunset program. But what are the options for entrepreneurial advisors looking at the independent space but still needing capital? Actually, quite a few.

The Top 5 Reasons Why Northwestern Mutual Advisors Are Changing Firms

The Top 5 Reasons Why Northwestern Mutual Advisors Are Changing Firms

By Louis Diamond – A growing trend of departures from Northwestern Mutual has left many of the firm’s advisors wondering what’s driving their colleagues away from the broker dealer, and what they are finding on the other side.

Successful independents are finding it’s lonely at the top when it comes to succession options

Successful independents are finding it’s lonely at the top when it comes to succession options

By Louis Diamond, InvestmentNews – An interesting trend is developing amongst the largest and most successful independent broker dealer (IBD) practices. It’s a high-class problem to have—one that we see at every IBD when the top 5–10% of individual practices (those typically generating in excess of $3-5mm of GDC) reach a point where they begin thinking about their end game and how they will monetize their life’s work. They are essentially “growing themselves out of the market.” That is, their practices have reached a point in which there is not a viable successor within their broker dealer network.

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