Industry Knowledge by Mindy Diamond Archives

Dan Sontag joins Focus Financial BOD: What impact will this have on the wirehouse diaspora?

By Mindy Diamond – It started as a trickle just after 2008 when as a whole wirehouse advisors became disenchanted with their firms and exceedingly mistrustful of the folks who ran them. Teams of advisors like The LLBH group, formerly of Merrill Lynch in Westport, CT and The Nick Bapis Group, formerly of Morgan Stanley, chose to forego the outsized transition checks being offered them from competitor organizations and go some version of independent with firms like Focus Financial Partners and HighTower Advisors, respectively.

$60mm Banyan/Boston Private deal makes us pay attention

By Mindy Diamond – Banyan/Boston Private deal makes every financial advisor pay attention.

Recruiting Slowdown? Don’t think so.

By Mindy Diamond – As a firm that works with top of the food chain advisors, we have not seen a slowdown at all. The statistics representing total advisor moves may show that fewer advisors have made moves in 2014 vs. the same period of time last year, but make no mistake, the momentum is great.

When CPAs and Wealth Managers Come Together

July 1, 2014 – By Mindy Diamond – WealthManagement.com – At first blush, accountants and financial advisors appear to make strange bedfellows. The former are often perceived to be more analytical and the latter, more entrepreneurial. These perceptions aside, many medium to large accounting firms have taken steps to establish or greatly expand their financial services practices primarily to:

$1 Billion Advisor Team Ditches Wirehouse For The Independent Life

By Mindy Diamond, Forbes.com – Meet Tim Kneen and Clayton Hartman just once and you would know that they were never meant to be wirehouse advisors. This billion dollar Colorado based duo, generating almost $8 million in annual revenue, with combined industry experience of not quite six decades left UBS in mid-January to form their own wealth management firm. It was the shot heard around the industry. Such a high profile move will always attract attention, but when a team like Tim and Clayton’s goes independent, it is particularly compelling.

New Diamond Consultants Decision Making Infographic

Diamond Consultants has created a proprietary tool that helps sophisticated financial advisors through the decision making process when considering a change of firm or model. The tool is depicted as an infographic and is called “Strategic Exploration and the Road to Taking Control of Your Professional Destiny.” Mindy Diamond, President...

Industry Knowledge by Mindy Diamond