In this podcast episode, Liz Nesvold, founder and managing partner of Silver Lane Advisors, joins Mindy to explore what it means to build your business with the end in mind, and why it’s one of the most critical directives an RIA firm owner should follow.
By Mindy Diamond – Each year, we take a step back to reflect on the year that’s nearing a close—and consider how events and trends will shape the coming year. For advisors, 2018 was about adapting to what had become the new abnormal: A time of disruption and change in which resilience and flexibility became the guiding principles of success.
December 5, 2018 – Louis Diamond Quoted – By Bruce Kelly, InvestmentNews – After causing an uproar earlier this year with its advisers and brokers, management at UBS Financial Services Inc. should be commended for coming to its senses, paying attention to its field force and reversing an unpopular policy that potentially interfered with advisers’ relationships with their clients.
December 4, 2018 – By Mindy Diamond, WealthManagement.com – This past September, Diamond Consultants celebrated its 20th anniversary as a recruiting firm in the wealth management space. Frankly, it’s hard to believe that so much time has passed.
By Allison Brunwasser – Who doesn’t want to have their cake and eat it, too? However, in an imperfect world such as ours, trying to satisfy all your needs at once typically leaves you in a holding pattern. And this is often true for advisors when planning a move: The one place that many get stuck at is trying to identify that perfect “go date.”
November 29, 2018 – Mindy Diamond Quoted – By Andrew Welsch _- Now comes the hard part for Baird. The firm’s acquisition of Hilliard Lyons, announced Tuesday, is one of the largest in recent years and is set to boost Baird’s headcount by about 44% and client assets by $50 billion, or 25%. That’s easier said than done; getting there will mean hanging onto 380 advisors.
Mark Tibergien, the CEO of BNY Mellon Pershing Advisor Solutions, shares his thoughts on the momentum towards independence, the evolving advisor mindset, what it takes to run a successful practice and much more on this podcast episode.
November 28, 2018 – Louis Diamond Quoted – By Jeff Benjamin, Investment News – LPL Financial has recruited a team managing $300 million from Cetera Advisor Networks, one of six independent broker-dealers under Cetera Financial Group.
By Mindy Diamond – Most wirehouse advisors consider themselves fiduciaries. That is, in practice, they make every attempt to put clients first and make all decisions with their best interests in mind. But in reality, while the advisor’s mindset and heart may be in the right place, the very nature of working for a brokerage firm makes it impossible to be a true fiduciary.
Gil Baumgarten, President and CEO of Segment Wealth, joins Mindy to discuss how, in the 8 short years since he launched his RIA firm, he has more than doubled his assets under management, quadrupled his take-home pay and created a “much better business” for himself and his clients. It’s a story about the growth potential of an RIA and the satisfaction that comes with it.
Recent News & Articles
- An Investment Banker’s Perspective on Building a Firm for Maximum Value
- 2019: How Changing Sentiment Will Change the Industry
- UBS buckles under uproar from brokers over non-solicit agreements
- The 7 Most Transformative Wealth Management Events of the Past Two Decades
- How to Avoid the Risks in Waiting for That Perfect “Go Date”