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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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IBD

My IBD was just sold. Now what?

My IBD was just sold. Now what?

By Mindy Diamond – Advisor Group’s acquisition of American Portfolios Financial Services reminds independent reps whose broker dealer recently sold that whether content or not with your firm, the news is unsettling. So what does an IBD advisor do next?

IBD vs. RIA Revisited: Two Independent Pathways for Advisors to Consider

IBD vs. RIA Revisited: Two Independent Pathways for Advisors to Consider

By Mindy Diamond – When it comes to freedom and control, there are key differences amongst the independent broker dealer (IBD) and registered investment advisor (RIA) spaces that every advisor should be aware of.  

Successful independents are finding it’s lonely at the top when it comes to succession options

Successful independents are finding it’s lonely at the top when it comes to succession options

By Louis Diamond, InvestmentNews – An interesting trend is developing amongst the largest and most successful independent broker dealer (IBD) practices. It’s a high-class problem to have—one that we see at every IBD when the top 5–10% of individual practices (those typically generating in excess of $3-5mm of GDC) reach a point where they begin thinking about their end game and how they will monetize their life’s work. They are essentially “growing themselves out of the market.” That is, their practices have reached a point in which there is not a viable successor within their broker dealer network.

The Most Misunderstood Broker Dealer in the Independent Space

The Most Misunderstood Broker Dealer in the Independent Space

Bill Williams of Ameriprise Franchise Group discusses how dramatic shifts in recruiting practices, plus improvements in infrastructure, support, technology and marketing have resulted in great success for the century-old independent broker dealer.

LPL Details Formal Offering to Lure Employee Reps

LPL Details Formal Offering to Lure Employee Reps

Louis Diamond Quoted – By Asia Martin, WealthManagement.com – Under the premium affiliation model, LPL will handle some of the more daunting tasks involved in going independent while allowing advisors to be self-employed.

The Ripple Effects on Independent Broker Dealers in the Post-COVID-19 World

The Ripple Effects on Independent Broker Dealers in the Post-COVID-19 World

By Louis Diamond, WealthManagement.com – The wealth management industry was already evolving rapidly to match the needs of clients and advisors, yet the COVID-19 crisis is likely to accelerate the pace even faster. While each segment of the financial services ecosystem will no doubt be impacted, there’s one area in particular likely to evolve more than others: the Independent broker dealer (IBD) channel.

After 52 Years at Merrill, Duo Producing $7.5 Million Goes Indie with RayJay

After 52 Years at Merrill, Duo Producing $7.5 Million Goes Indie with RayJay

By Mason Braswell, AdvisorHub – Two lifetime Merrill Lynch brokers in Alexandria, Virginia, who said they had been generating around $7.5 million in annual revenue have affiliated with Raymond James Financial as independent contractors.

Dan Arnold is ready to meet ‘zero’ commission challenge — albeit only for RIAs at LPL Financial

Dan Arnold is ready to meet ‘zero’ commission challenge — albeit only for RIAs at LPL Financial

Louis Diamond Quoted – By Brooke Southall, RIABiz – LPL Financial is going to zig  to Charles Schwab & Co’s zag on zero commissions — by matching the move–but only in its RIA custody unit. The Fort Mill, S.C., broker-dealer  is “likely…doing something to address” Schwab’s price cut, said Dan Arnold, CEO of LPL Financial in response to a direct question on the matter this week from Alex Blostein, the Goldman Sachs research analyst who covers the big broker-dealer.

3X Growth: How a Pivot from IBD to RIA Turned into a Nearly $4 Billion Slam-Dunk

3X Growth: How a Pivot from IBD to RIA Turned into a Nearly $4 Billion Slam-Dunk

Rob Nelson, CEO and Founding Partner of NorthRock Partners, talks about his explosive growth after a shift from IBD to RIA, the value of a capital partner, professional athletes as clients as well as team members, and much more.

Exploring the Independent Broker Dealer Space

Exploring the Independent Broker Dealer Space

A conversation about the IBD model with Commonwealth Financial Network Managing Principal of Business Development, Andrew Daniels. Learn how the firm, 40 years in the making, has evolved, and how their model differs from others in the independent space.

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