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Financial Advisor Economics: From Transition and Beyond
In an active recruiting environment, advisors are eager to understand where deals are at and where they’re headed. Beyond a transition deal, how can advisors monetize their business over time – thinking about the short-, mid- and long-term – whether they are in an employee or independent model? It’s an episode for any advisor looking to better understand the economics of the wealth management industry, the impact of a recruiting deal and other monetization events they may encounter throughout their business life. 
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The Next Big Thing: Private Equity Disrupting the Landscape for the Best Teams
Historically, meaningful upfront capital and independence were an “either-or” scenario—not an “and.” So advisors considering their options had to choose between going independent or a transition deal. Yet that seems to be changing. Private equity firms are showing an enhanced interest in wirehouse breakaways, investing directly in these teams on day one. Learn what’s driving this new trend, which teams are most appealing, the positives and negatives, how it will impact movement, and more. Listen…
Innovative Ways the Best Independent Firms Fuel Growth: A Special Industry
Independence has opened up a world of opportunity for advisors to create an unlimited menu of innovative value-add services for their clients. Services such as tax preparation, bill pay, and even investing directly in barrels of bourbon and RVs are some of the many ways top independent firms drive their unique value. And as the industry landscape expands, employee advisors are finding ways to get in on the action. Learn specific examples of the various services offered by some of the industry’s leading independent firms, and how employee advisors are expanding their roster of services. Listen…
Considering a Move? Here’s What You Need to Know: A Special Industry Update
The second of this 2-part series provides advisors with the key areas they need to pay attention to when conducting due diligence. From the steps advisors should take, the questions they need to ask, common missteps and traps to avoid, and much more. It’s an episode that sheds light on this important practice, providing value to those considering change, as well as those who may simply want to understand their options or develop their “Plan B.” Listen…
Questions Every Advisor Should Ask Before Considering a Move: A Special Industry Update
Advisors tend to jump into exploration mode even though they may not be clear on what they are trying to solve for. And that lack of clarity often leads them on a less than strategic wild goose chase. The first of a 2-part series on due diligence explores key questions advisors should ask themselves before taking meetings or calls. Even if you aren’t considering change, this episode will help to clarify your goals and vision for the future. Listen…
The Banking Crisis: Its Impact on Advisor Movement and the Wealth Management Landscape—A Special Industry Update
The banking crisis sent shock waves through the system, reverberating down to wealth management firms of all sizes, their advisors, and the clients they serve. How will this impact advisor movement? Will there be changes in recruiting deals? Is this an opportunity for wirehouses to wrest away more control? How will advisors think about asset custody going forward? Mindy Diamond and Louis Diamond answer these questions and more in this special Industry Update. Listen…
Two $10mm Teams Leave the Wirehouse World in One Week: An Industry Update on Advisor Transitions
What is the relevance of two $10mm teams leaving Merrill within one week’s time? In this special Industry Update, Mindy Diamond and Louis Diamond answer that question and share case studies on the moves citing the unique drivers, the significance to the industry at-large, and much more. Listen…
Advisor Transition Report: An Update on Advisor Movement Over the Course of 2022
Even with massive headwinds, 2022 was an active one for advisor movement. In this special episode, Louis Diamond and Jason Diamond provide color commentary on advisor recruitment activity throughout 2022 featuring the latest data from Diamond Consultants’ Advisor Transition Report including firm activity, transition deals, case studies, and more. Listen…
Everything You Need to Know About Independence: An Industry Update
While independence has become a more mainstream path for those considering change, we find that many advisors are still not completely aware of the options available in a continually evolving landscape. In this episode, Jason Diamond offers a quick yet thorough education on the independent space answering, the questions that many of our advisor-clients ask us during due diligence. Listen…
Industry Update on 2023: 10 Emerging Trends to Put on Your Radar
The CAN’T MISS episode of the year! Mindy Diamond and Louis Diamond go out on a limb to share predictions for 2023, gleaned from their unique perspective on all the things most important to advisors, including recruiting and deals, competition, incentives, vulnerability, and much more! It’s the one episode that serves as a guide to setting expectations for the new year for advisors and business owners alike. Listen…
A Special 5th Anniversary Episode: 5 Themes Driving Change in the Wealth Management Industry
While the podcast series started out 5 years ago exploring the independent space, Mindy Diamond on Independence evolved to sharing a wide range of topics and welcomed guests from throughout the wealth management industry. As a result, it became a “go-to resource” for advisors looking to stay current on a changing wealth management landscape. In this special episode, Mindy Diamond and Louis Diamond explore the most popular themes for financial advisors and independent business owners. Listen…
Industry Update on M&A: Why Buy? Tips for Those with Their Sights Set on Becoming an Acquirers
When it comes to M&A, there are plenty of independent business owners and wirehouse advisors who have their sights set on becoming acquirers, yet it’s an incredibly competitive environment with more buyers than sellers. This episode looks at the buy-side perspective, the attributes needed to become an attractive acquirer, the characteristics of prospective targets, examples of ex-wirehouse teams that have become effective acquirers, and more. It’s a well-rounded episode designed to offer useful takeaways for advisors and business owners alike. Listen…
2022 Transition Report: An Update on Advisor Movement in the Wealth Management Industry for H1
Which firms are top in recruiting and which are losing? Why are advisors at big brokerage firms changing jerseys so often? Why are independent advisors making moves? These are just some of the questions advisors ask on a regular basis—yet the answers can seem hard to come by. So, in this special episode, Louis and Jason Diamond introduce the findings from the Diamond Consultants Transition Report, the first of a semi-annual review of advisor movement in the wealth management industry. They share a background on the data, 10 key findings, representative deals, and more. Plus, visit the episode page to download the report. Listen…
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