By Louis Diamond and Mindy Diamond, Wealthmanagement.com – A report on 2022 trends for financial advisors explores how the constant push towards something “better” is driving change and paving the way for the fastest evolution the wealth management industry has ever seen.
Louis Diamond Quoted – By Ian Wenik, Citywire – SVB Financial Group, the parent of commercial bank Silicon Valley Bank, plans to buy Boston Private for about $900m in shares and cash.
Mindy Diamond Quoted, Financial Advisor IQ – The landscape of the wealth management industry continues evolving at a rapid pace, but most firms fall into one of several buckets along a “continuum,” from the most restrictive models to the ones offering the most flexibility, according to one industry consultant.
Louis Diamond Mentioned – By Todd Eklund – On Thursday July 11th CFA Society New York hosted Independent & Wirehouse Business Models. The forum was part of the event series organized by the Private Wealth Management thought leadership group at CFANY. Louis Diamond moderated an engaging and insightful discussion digging into the wealth management ecosystem and where the industry is headed.
By Mindy Diamond – InvestmentNews – The wealth management industry seems to have all the markings of being a “natural fit” for women. Women tend to be more nurturing and relationship-driven than their male colleagues. They thrive on their innate abilities to connect and be empathetic — key traits that power their delivery of an exceptional experience to clients.
Mindy Diamond Quoted – By Mason Braswell, InvestmentNews – Just as Cantor Fitzgerald Wealth Partners, the two-year-old wealth management venture of Cantor Fitzgerald & Co., has been looking to regroup after a slow recruiting year and the departure of two top executives, a third senior executive has left.
Barbara Herman Quoted – By Mason Braswell, InvestmentNews – Jefferies Group, which has been looking quietly to build out its wealth management operation over the past two years, scored a significant win last week with the addition of a former Morgan Stanley duo with around $1 billion in assets under management. presentation.
Barbara Herman Quoted – By Andrew Welsch, OnWallStreet – Since announcing a deal to sell its U.S. wealth management operations to Stifel, Barclays has lost advisors to rival firms such as Merrill Lynch and Morgan Stanley.
Howard Diamond Quoted – By Andrew Welsch and Suleman Din, OnWallStreet – Morgan Stanley joined a growing list of prominent corporate brands to suffer a data breach, after it revealed an employee stole the information to as many as 350,000 wealth management clients, and that some of the data was posted online.
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