How did a bank out of Canada rise to the ranks in the US wealth management space? RBC Wealth Management–U.S. President Tom Sagissor shares an insider’s perspective, plus why their “Wall Street meets Main Street” culture is attracting some of the industry’s top advisor talent, and much more.
Ron Kruszewski, Chairman and CEO of Stifel Financial Corp., shares how the firm serves as an example of what a regional firm is representative of today, and discusses their extraordinary growth, the appeal of their entrepreneurial culture, and more.
By Barbara Herman – The search for a “better culture” has emerged in recent years as one of the single greatest drivers of advisor movement. Yet the term “culture” itself can evade simple definition. Culture can encompass an organization’s system of values and priorities, and influence every decision. It’s the undercurrent that directs, either subtly or overtly, the choices made and the paths taken.
Louis Diamond Quoted – By Ellen Sheng, Financial Advisors IQ – Plenty of advisors are yearning for more independence, but that can mean any number of options these days. Advisors may find their freedom at another firm, an existing RIA or an independent broker-dealer. Advisors may also find more independence at regional firms or independent broker-dealers.
By Wendy Leung, WealthManagement.com – It’s hard to ignore the recruiting success regional firms have experienced over the last few years. For example, in 2019 Stifel Nicolaus and Raymond James recruited some $20B and $11B in AUM respectively—both firms ranking in the top five of all firms in the entire industry when it comes to recruiting. What’s changed?
Beginning her deep dive into the ever-changing landscape of the wealth management industry, Mindy Diamond explores the defining characteristics of wirehouse and regional firms, how they’ve changed in recent years, and much more.
In this segment of Industry Update for Financial Advisors, Mindy Diamond takes a look at where advisors are going, how movement is fueling the landscape’s evolution, and what’s serving as a “barometer” of change for the industry at large.
By Andrew Welsch, OnWallStreet – Advisors managing more than $600 million in client assets have joined Raymond James, furthering the firm’s recruiting efforts. Advisors Jon Russell and Ryan Winkler are leaving Merrill Lynch for Raymond James. Based in Novi, Michigan, a suburb of Detroit, the team managed $214 million in client assets, according to Raymond James.
![The “New Abnormal” for Financial Advisors [infographic]](https://www.diamond-consultants.com/wp-content/uploads/2018/01/DC-Jan2018-New-Abnormal-Infographic-v4-1-80x80.png)
Infographic for financial advisors on 5 Trends that will Define the “New Abnormal” for Advisors in 2018 from Diamond Consultants.
Louis Diamond Quoted – By Janice Kirkel, Citywire – As 2017 comes to a close, the year-end research attempting to take the pulse of the advisor market is hitting inboxes everywhere. And it may not be what you expect. One recruiter, Louis Diamond of Diamond Consultants, said he was surprised by this finding.
