Mindy Diamond Quoted
By Kris Frieswick
OWS: Let’s talk about the new types of advisory models that are emerging. Which ones are capturing your attention?
MINDY DIAMOND: RIA-land always existed, but the big advisor who wanted cachet would never have considered it. Today, the custodians and technology allow them to duplicate the desktop, and the experience and the service of a wirehouse in a boutique, so advisors are really working in a turnkey environment. The cherry on top is getting not only cash but equity, which again is a way to create wealth, or to build wealth, that wasn’t necessarily available to them as an employee advisor.