Join Mindy and Louis Diamond on a journey to explore this evolving industry landscape. Along with guests including industry leaders and breakaway advisors, they discuss various models from the wirehouses, regional firms, broker dealers on through to independence. Plus they offer comparisons between different types of independent models including supported independence, independent broker dealers (IBDs), registered investment advisors (RIAs), and hybrid RIAs. And share some practice management advice along the way.
The goal of this series remains: To dispel some myths, share some facts, and help advisors get better educated on the options available without any concern over confidentiality or obligation. Be sure to subscribe and stay up-to-date.
NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation.
The outgoing CEO of the wealthtech powerhouse shares his journey, starting with how the realization of the lack of quality portfolio solutions available in the ‘90s for RIAs would become the basis of Orion’s technology. It was a seminal moment for the industry—leveling the technology playing field and paving the way for the proliferation of independent firms, with access to tools that would allow them to compete with the industry’s behemoths. Plus, Eric discusses the firm’s growth over the years, and perspectives on the future of wealth management, technology and AI, and much more. 
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The Barclays breakaway discusses his 2015 landmark leap with 5 partners, 3 offices, and $3B in AUM—and how Summit Trail became a $16B enterprise. It’s an in-depth conversation around the evolution of wealth management, growth, and focus—and why “supermarket platforms,” designed to manage tens of thousands of advisors and their clients, make it difficult, if not impossible, to serve the unique needs of sophisticated ultra-high net worth clients. Listen…
This episode exemplifies how the industry and this podcast have evolved: The leader from one of the largest wealth managers in the US offers a candid perspective on the firm. Barry discusses the evolution and direction of Wells and their vision of independence. He shares how the firm compares to its peers, the unique value to high net worth and ultra-high net worth clients, their view on recruiting and the ideal advisor type, the future of the industry, and much more. Listen…
In what’s become one of our most popular episodes each year, we take a step back to relive some of the highlights of the 2022 season that reflect the notion of independence. That is, taking it beyond the model, with a greater focus on the overall concept of freedom and flexibility. Learn from a curated list of guests who share the most actionable advice and commentary on achieving autonomy, considering change, serving clients’ needs, succession, next gens, growth, and much more. Listen…
