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

Commonwealth, LPL Now Using Asset Levels, Not Production Rates, to Calculate Recruiting Deals

Commonwealth, LPL Now Using Asset Levels, Not Production Rates, to Calculate Recruiting Deals

Louis Diamond Quoted – By Diana Britton, WealthManagement.com – Waltham, Mass.–based independent broker/dealer Commonwealth Financial Network has confirmed that it recently shifted the way it structures the deals it gives prospects as an incentive to join the firm. It now offers forgivable notes based on an advisor’s asset levels, rather than a percentage of production, which has historically been the norm.

LPL enterprises add teams with $2.5B, get first outside capital infusion

LPL enterprises add teams with $2.5B, get first outside capital infusion

Louis Diamond Quoted – By Tobias Salinger – Two of the major enterprises whose expansion is helping to boost LPL Financial’s record advisor headcounts will enter the new year on a trajectory to grow even more. As OSJs take on more duties than their traditional compliance services, LPL and hybrid RIAs are in “friendly competition” with one another, said recruiter Louis Diamond, the president of Diamond Consultants.

The One Thing Advisors Need to Know Before Going Indie

The One Thing Advisors Need to Know Before Going Indie

Louis Diamond Quoted – By Andrew Welsch, Barron’s – For more than a decade, a steady stream of advisors have quit their jobs at wirehouses and other big brokerage firms in order to open independent practices. A multitude of companies have since sprung up to offer so-called breakaway brokers support in making the transition from employee to owner. Today, there may be just as many ways for advisors to go independent as there are flavors at Baskin-Robbins.

It’s an Advisor’s World as BD, RIA Options Multiply

It’s an Advisor’s World as BD, RIA Options Multiply

Exclusive interview with Mindy Diamond and Louis Diamond – By Janet Levaux and Jeff Berman, ThinkAdvisor – Many advisors are choosing to work under the umbrella of a registered investment advisor, and the number of RIAs is on the rise. It’s now at 13,500 and has been growing by about 400–500 firms a year, according to the Investment Adviser Association and National Regulatory Services.

Emerging Enterprises: Independent Paths for Advisors Managing $100mm or Less

Emerging Enterprises: Independent Paths for Advisors Managing $100mm or Less

By Joshua Tomolak – In a world that seems to focus on billion-dollar firms making the leap to independence, advisors at a lower asset threshold are wondering how they too can gain greater freedom and control. Here are 4 solid options.

RIA, IBD or somewhere in between: Which version of independence is right for you?

RIA, IBD or somewhere in between: Which version of independence is right for you?

By Wendy Leung, ThinkAdvisor – As the interest in attaining freedom, flexibility and control continues to surge among advisors, new independent models are being born at a rapid pace to accommodate them, providing more choice than ever before.

Advisor Choice: How Models Like Wells Fargo’s First Clearing Offer Optionality and Flexibility

Advisor Choice: How Models Like Wells Fargo’s First Clearing Offer Optionality and Flexibility

Multi-channel models are one of the hottest options for financial advisors, providing a path from employee to independence without changing firms. John Peluso, president of Wells Fargo’s First Clearing talks about the benefits, innovation and more.

Optionality Under One Roof: For Advisors Who Aren’t Quite Ready for Independence

Optionality Under One Roof: For Advisors Who Aren’t Quite Ready for Independence

By Allison Brunwasser – The idea of joining a firm and being able to choose how you affiliate with them at each phase of your career is gaining popularity. With one firm and one platform, advisors can transfer from an employee model to an independent model all under the same roof—with little disruption to their clients and their team.

LPL adds $380m RBC team through ex-wirehouse channel

LPL adds $380m RBC team through ex-wirehouse channel

By Ian Wenik, Citywire – LPL has added its fifth team to its wirehouse breakaway channel. The independent broker-dealer said Thursday that ex-RBC Wealth Management advisors George Chardukian, Adam Goldstein and Maria Peralta, have exited the brokerage firm to set up Adara Wealth Management in Tucson, Ariz. 

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