Louis Diamond Quoted – By Andrew Foerch, Citywire – Dynasty Financial Partners will begin making minority equity investments in its partner RIAs, entering the mergers and acquisitions market for the first time. Through a new initiative dubbed the Minority Investment Capital Program, Dynasty will use cash from its balance sheet to buy stakes of less than 50% in RIAs on its platform. Louis Diamond, president of advisor recruiting and consulting firm Diamond Consultants, said the move was a ‘natural evolution’ of Dynasty’s model.
3 “ex-wirehouse-turned-independent-industry-leaders” in a rare single forum: Shirl Penney of Dynasty Financial Partners, Jim Dickson of Sanctuary Wealth and Rich Steinmeier of LPL Financial. They join Mindy Diamond to share an “insider’s view” of the wirehouse world, wealth management, independence, and more.
Press-Release: Ex-Wirehouse Turned Independent Leaders Featured in Milestone Episode of Podcast Series for Financial Advisors, Mindy Diamond on Independence
July 22, 2020 Mindy Diamond Quoted A podcast that the host had initially planned as a “handful of episodes” surpasses 100,000 downloads and is airing a special broadcast with independent industry leaders Shirl Penney, President and CEO of Dynasty Financial Partners, Jim Dickson, CEO and Founder of Sanctuary Wealth, Rich...
Louis Diamond Quoted – By Jeff Benjamin, InvestmentNews – Mariner Wealth Advisors, with support from Dynasty Financial Partners, has launched a platform to attract breakaway reps from wirehouses, independent broker-dealers and even other advisory firms. Louis Diamond, executive vice president at Diamond Consultants, said MPS gives Mariner an access point that it was missing.
WealthManagement.com – A wealth advisory team managing more than $450 million in client assets will be joining Dynasty Financial Partners to create Regent Peak Wealth Advisors, a new independent wealth management firm. The Atlanta-based five-person team is led by Craig Robson, who is leaving Merrill Lynch after 25 years. He said in an interview with WealthManagement.com that optionality in choice and finding new ways to serve clients spurred the change.
In a greatly expanded landscape, many independent models exist that provide varying levels of freedom and flexibility. Louis Diamond joins the episode to help identify, compare and contrast the 7 most popular options available to breakaway advisors.
Shirl Penney flies south, taking Dynasty Financial Partners to St. Petersburg in advance of a hiring spree, but won’t kiss-off the Big Apple just yet
Louis Diamond Quoted – By Brooke Southall, RIABiz – If you can make it in the Big Apple, you can really kill it in a place with low rents, minimal traffic and a bounty of free Vitamin D. All three factors helped entice Dynasty Financial Partners to move its headquarters from New York City to St. Petersburg, Fla., RIABiz has learned.
By Mindy Diamond and Shirl Penney, Financial Advisor IQ – It’s no secret that wirehouse firms want to keep their advisors captive. Protocol departures, shoring up non-solicitation agreements, deferring compensation, and mandating garden leave for those who choose to move to a competitor are strategies designed to stave off attrition.
What’s Driving the Momentum Towards Independence and Will it Continue? With Shirl Penney, Dynasty Financial Partners
Shirl Penney, President and CEO of Dynasty Financial Partners, joins Mindy in this episode to share insights from his own unique entrepreneurial mindset and vast industry knowledge and experience as the founder of Dynasty. They discuss the momentum towards independence and what it takes to get from here to there. [podcast]
Subscribe for Updates
Get updated by email when a new article is added.
Recent News & Articles
- Add FAs, Digitize, Cross-Sell: BofA Boss’s Wealth Biz Growth Plan
- Top Tips for Setting Your Business Up for Success Years Before a Move: An Industry Update
- Summit Partners Backs Ex-First Republic Wealth Chief’s RIA Venture
- Leveraging the Power of Mindset to Enhance Your Wealth Management Business
- The Next Chapter: Former First Republic Head Launches RIA with Backing from PE Firm Summit Partners