Barbara Herman Quoted – By Bruce Kelly, InvestmentNews – At a time when the financial advice industry is desperately attempting to become younger and more diverse, Edward Jones’ move earlier this week to tap a woman as its next managing partner will only make the firm more attractive to potential female candidates seeking to work as an adviser, industry observers said. “I think two things are meaningful to advisers. First, that leadership comes from the rank and file, one of their own,” said Barbara Herman, a senior vice president at Diamond Consultants, a recruiting firm for advisers. “She started as an FA and that resonates with advisers.”
Mindy Diamond Quoted – By Vanessa Drucker, InvestmentNews – Emotional intelligence is a core asset for any adviser, and one where women often excel. But serving as a financial adviser is not the only role in the advice industry where women can shine. Today, women are making an impact in a variety of professional roles, ranging from marketing and recruiting to compliance and technology.
Howard Diamond Quoted – By Murray Coleman, Financial Advisor IQ – The numbers just don’t add up. Nearly 51% of the population is made up of women, according to the U.S. Census Bureau. And by some estimates females represent a majority of the $3 trillion-plus in generational wealth transfer expected to take place in coming years.
Mindy Diamond Quoted – By Norb Vonnegut, The Wall Street Journal – You know the old saying in wealth-management circles “We eat what we kill”? The expression makes me cringe. Sounds too predatory. So, for this column, let’s go with the light version: Revenue x percentage payout = dinner.
Louis Diamond Quoted – By Bruce W. Fraser, Financial Planning – Advisory firms are trying to figure out how to leverage their networks and technology to profitably expand their client bases.