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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

For some advisers, money not motivating factor to go independent

Posted by Mindy Diamond

Investment News

Mindy Diamond Quoted
By Liz Skinner

Wirehouse advisers looking for independence have choices of the type of firms they create or join – independent broker-dealers, existing registered investment advisers or their own RIA. But the option that eliminates the most business worries will require them to surrender up to 25% more of the profits.

While figures vary, typically the net profit for advisers joining such firms is about 40% to 50%, said Mindy Diamond, president and CEO of Diamond Consultants, an industry recruiting firm.

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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