Mindy Diamond and Louis Diamond Quoted – By Lisa Shidler, RIABiz – Schwab Advisor Services has sent shockwaves through the recruiting world by rewiring how it pays for their services — perhaps laying the groundwork to slash commissions and cut out smaller recruiters. But Mindy Diamond, who founded the industry’s largest recruiting firm, Diamond Consultants in Morristown, N.J., says the changes are a sunlight solution in search of a darkness problem.
Lee Korn, who launched the independent firm Opal Wealth Advisors in January of 2019, shares how pulling together all the moving parts that go into building an RIA is a task that takes time, energy and a good amount of learning as you go—but worth it!
Mindy Diamond Quoted – By Ian Wenik, Citywire – Want to attract top talent to your RIA? Be prepared to open your wallet. In a speech at the Schwab IMPACT conference in San Diego, Calif., top advisor recruiter Mindy Diamond explained to a ballroom full of advisors that RIAs need to craft competitive compensation packages for advisors, even if they don’t have the amount of firepower the largest brokerage firms possess.
As more and more advisors consider a move to the independent space, they often express concern about the heavy-lifting such a move might require. In this podcast episode, Mindy is joined by Tim Oden, Senior Managing Director for Business Development at Schwab Advisor Services. With his 30-years of industry experience, he offers a great perspective on the ever-increasing movement towards independence.
Louis Diamond Quoted – By Brooke Southall, RIABiz – As a son who helped his mother run a chain of flower shops, Matthew Celenza was accustomed to working 20-hour days. But he wanted his own career to look different.
By Howard Diamond – It seems easier than ever to communicate with others: The Internet, smartphones, texting and social media, each at the ready to comment, share and respond. Yet for all of the communicating that we do, real “conversation” seems to be a less frequent occurrence. Pile on the barrage of headlines and rhetoric – especially those we’ve been seeing regarding the elections and the DoL rule – and people tend to react rather than engage with one another. So it was refreshing to attend Schwab IMPACT a few weeks back.
By Mindy Diamond – I am not a conference person. I always feel like I am most productive when in my office or meeting with advisors on their turf. But, I have to say that I was proven wrong this past week in Denver when I attended the mega custodian’s big event of the year where more than 5000 people, 1600 of them RIAs, converged upon the Mile High City.
