Mindy Diamond Quoted
By Brooke Southall
James Maher is forming Archford Capital Strategies as a wealth manager that needs capital galore to unlock his clients’ billions in assets from illiquidity.
Mindy Diamond, chief executive of Diamond Consultants, who assisted in consulting the breakaway, says that Maher’s team bumped up against the same concern as other Merrill brokers but that it just manifested itself differently.
“Everyone talks about wanting more freedom but that gets translated into different things for different advisors,” she adds. Diamond says Maher’s entrepreneurial roots aided the process of bringing the Maher team over in his teen years of owning small businesses. Maher is also a lawyer, CPA and former Edward Jones advisor who left the latter firm to join Merrill because he wanted to build a bigger team.