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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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Shirl Penney

Dynasty to buy minority stakes in partner RIAs

Dynasty to buy minority stakes in partner RIAs

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.

How These 3 Firms Carved a New Path and are Changing the Wealth Management World At Large

How These 3 Firms Carved a New Path and are Changing the Wealth Management World At Large

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

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...

Mariner partners with Dynasty to launch platform for breakaway brokers

Mariner partners with Dynasty to launch platform for breakaway brokers

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.

New Wealth Management Firm Joins Dynasty Financial Partners

New Wealth Management Firm Joins Dynasty Financial Partners

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.

The Top 7 Turnkey Models that are Rocking the Independent Landscape

The Top 7 Turnkey Models that are Rocking the Independent Landscape

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

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. 

Warning for Wirehouse FAs: So-Called Sunset Agreements Aren’t Always in Your Best Interest

Warning for Wirehouse FAs: So-Called Sunset Agreements Aren’t Always in Your Best Interest

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

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]

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