SERVICES
For Private Bankers
Expert guidance for private bankers evaluating wirehouses, banks, multi-family offices, independent options, the launch of an RIA, and more.
Private bankers have more options than ever before.
What was once a career path defined by institutional infrastructure, compensation limited by salary bonus construct, and limited mobility has evolved into one with real optionality. Today, private bankers are being recruited by traditional wealth management firms, while a growing number are also exploring independence with their sights set on launching an RIA, building their own multi-family office (MFO), or joining an established MFO.
Private bankers face a more complex calculus than traditional advisors due to concerns about portability and post-employment restrictions. We get it. And we’ve helped advisors and bankers through it all.
Diamond Consultants works with private bankers at this exact inflection point, helping them evaluate whether a move makes sense—and not just where they can go, but where they should go based on their goals, risk tolerance, client relationships, and long-term vision.
Private bankers face unique complexity around portability and post-employment restrictions. We understand the stakes and have guided advisors and bankers through every scenario.
Why Private Bankers Work with Diamond Consultants
Private banking is not simply another channel in the wealth management landscape. It operates under unique legal, structural, and cultural constraints. Asset portability limitations, restrictive employment agreements (including garden leave), team interdependencies, and deep reliance on firm infrastructure make any potential move materially more complex than in other segments of the industry.
Our role is to bring clarity to that complexity. Drawing on decades of experience advising on sophisticated transitions and business launches, we provide objective, confidential guidance designed to help you evaluate your options thoughtfully and strategically. Diamond Consultants is not here to sell a specific firm or model. We are here to help you make the right decision—even if that decision is to stay exactly where you are.
The Strategic Paths Private Bankers Are Evaluating
Other Private Banks
"Bulge Bracket" Wealth Management Firms
Boutique Employee-Model Firms
Launching an RIA or Multi-Family Office (MFO)
Affiliating with Platform RIA or MFO
Answers to Our Most Frequently Asked Questions:
It’s never too early to contact us. We are equally motivated to speak with you whether you are serious about making a move, or simply curious about your options—always in strict confidence and without agenda or expectation.
It’s about YOU. We get to know your business, your goals, and any potential restrictions you may face before ever discussing potential options or opportunities.
We are completely objective. We do not accept retainer fees or work for any one firm so we can be entirely impartial and focus only on the best solution for you—which may ultimately mean staying put.
Here’s how we are compensated. For private bankers with a book of client assets, even if that book is not entirely portable, we are compensated by the firm you join, and your transition package and payouts are not negatively impacted by our involvement.