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 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.
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.
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.
By Mindy Diamond – For most advisors, the thought of making a move is met with both excitement and a certain level of trepidation. The promise of being able to better serve your clients and grow your business provides the energy needed to juggle all the moving parts that come with such a major change—with concerns over client portability at the top of that list. But, if client relationships are strong and the move is being made for all the right reasons, clients are very likely to follow. Once the dust has settled, advisors and their clients are typically happy with the decision and life goes on.
Alex Goss of Goss Advisors speaks with Louis Diamond about his path to independence, starting in the wirehouse world, then on to the independent broker dealer (IBD) space before launching his own firm, now a leading platform for prospective advisors. [podcast]
By Mindy Diamond – It’s those things that happen when you least expect it. I was leaving a local diner after a nice dinner with friends, and the floor came right out from under me. As I landed, I instinctively reached down, breaking my fall – and my wrist – in the process.
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