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.
Back in 2007, Rory O’Hara, founder of Ausperity Private Wealth, started out at Merrill as a cold-calling trainee—to the tune of 200 to 300 calls a day! Over time, he realized that he could reach more customers by building a team, a decision that led to growing the practice to $500mm in AUM. But due diligence opened his eyes to even greater possibilities in the independent space. So in this episode, Rory discusses his journey from cold-calling trainee at Merrill, to building the business, on to making the leap to independence as a young team. It’s a “must listen” episode that candidly explores a former wirehouse advisor’s journey full circle. 
Listen…
As the wealth management industry landscape evolved, advisors became the beneficiaries of several paths to consider when it comes to accessing capital. In this episode, James Hughes, the SVP and Head of Investment Advisory Lending at Live Oak Bank, discusses debt financing for prospective breakaway advisors looking for liquidity to de-risk a leap to independence or payoff a note balance and business owners seeking funds for acquisitions or succession planning. Listen…
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…
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…
Starting an independent practice often conjures thoughts of being more solitary and self-dependent. Yet for Michael Nathanson, the notion of “interdependence” is one that fostered the growth of RIA The Colony Group. Michael discusses their extraordinary growth, the real value of equity partners and why they chose Focus Financial over others. Plus, he shares insight on the firm’s acquisition strategy, their unique culture and how “democratizing” access to services once available to only UNNHW clients is a cornerstone of their success—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…
