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

Merrill Lynch team breaks away from Bank of America (yes, ironically) to get better access to bankers

Posted by Mindy Diamond

RIA Biz Financial Advisor News

 

 

 

Mindy Diamond Quoted
By Brooke Southall

The Maher Group – the former Merrill Lynch team – had eight individuals, some with legal or accounting degrees or CFA credentials. Better yet, it had established a niche over the past decade of serving business owners with $5 million to $250 million of revenue — many of whom have or will soon be seeking specialized knowledge and connections to liquidate their holdings.

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.

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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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