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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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wirehouses

$1B+ Multi-Generational Merrill Breakaway Team Leaves Behind the Big Brand to Gain “More” for Clients

$1B+ Multi-Generational Merrill Breakaway Team Leaves Behind the Big Brand to Gain “More” for Clients

Matt Liebman, Founding Partner and CEO of RIA firm Amplius Wealth Advisors discusses the complexity of considering change with a multi-generational team, the difficulty of walking away from a big brand name, the concept of clients being the real “boss” and how that influenced his choice to build an independent firm—and much more.

How an ex-Wells Fargo Team Turned a “Paper Tablecloth” Vision into 3X Revenue and $8.5B in Assets in 5 Years

How an ex-Wells Fargo Team Turned a “Paper Tablecloth” Vision into 3X Revenue and $8.5B in Assets in 5 Years

Gerry Goldberg, of GYL Financial Synergies, joins the show to share why he felt Wells Fargo FiNet wasn’t independent enough and how, as an RIA, his team tripled their assets and revenue, in partnership with Focus Financial Partners.

Interim Moves: A Growing Trend Among Advisors

Interim Moves: A Growing Trend Among Advisors

By Deborah Aronson – Advisors choose to move from one wirehouse to another for a number of reasons, not the least of which is their turnkey nature and brand cachet. In the last few years, though, a new motivator has emerged: the desire to make an interim move before making the leap to independence.

Anywhere But Here: Why Wirehouse Advisors Jump to Other Channels

Anywhere But Here: Why Wirehouse Advisors Jump to Other Channels

Louis Diamond Quoted – By Mrinalini Krishna, Miriam Rozen, Financial Advisor IQ – Wirehouses continue to lose advisors, and the teams that defect are only getting bigger and in control of more client assets. Average advisor headcount at the wirehouses fell 2.3%, the latest financial reports of the four firms show. On the flip side, the average advisor headcount at non-wirehouse broker-dealers reviewed by FA-IQ grew by 2.8%.

The Handwriting on the Wall: What is Your Firm Trying to Tell You?

The Handwriting on the Wall: What is Your Firm Trying to Tell You?

By Mindy Diamond – Over the years, there have been many signs and signals sent from firms that advisors may have dismissed or ignored. As such, they also missed a chance to discern the real meaning or intent—and their opportunity to take a more strategic and proactive stance.

What’s Changing at the Wirehouses—and Why You Need to Pay Attention

What’s Changing at the Wirehouses—and Why You Need to Pay Attention

By Mindy Diamond – As firms cut back on recruiting and amp up their retention efforts, the balance of power shifts further and further away from the advisors—diminishing leverage, business value and opportunity, and leading down a path that advisors fear most.

The Perfect Deal Doesn’t Exist

The Perfect Deal Doesn’t Exist

By Mindy Diamond, WealthManagement.com – Advisors who are exploring their options will be the first to tell you: The world of recruiting has changed quite a bit in recent years. Just two years ago, the buzz was all about Morgan Stanley and UBS pulling out of the Protocol, which firms would be next and how it would change an advisor’s ability to move. Ultimately, advisors moved anyway.

Will Wirehouses Thwart FA Flight to Independence by Less Grid Tinkering?

Will Wirehouses Thwart FA Flight to Independence by Less Grid Tinkering?

Barbara Herman Quoted – By Miriam Rozen, Financial Advisor IQ – Last October, almost three weeks before Merrill Lynch Wealth Management’s Andy Sieg disclosed that his wirehouse’s 2019 compensation plan for advisors included a haircut, his management team pre-emptively attempted to downplay the reduction’s significance.

The Real Message Behind the Movement of $1 Billion Teams

The Real Message Behind the Movement of $1 Billion Teams

By Mindy Diamond, WealthManagement.com – Advisor movement among the top producers in the industry—those from traditional brokerage firms and banks who are managing $1 billion or more in client assets—is on the rise, with 25 of these uber-teams having moved in 2018. And while these teams seek greener pastures to grow their businesses, the rest of the industry can learn from this wave of movement.

When Size Does Matter

When Size Does Matter

By Debbie Wallen – Not that long ago, generating $1mm in revenue was a milestone worth celebrating: Those at this level were considered top of the food chain, and ardently pursued by all major firms. But, in today’s world, it’s the advisors in the “Billion Dollar AUM Club” who garner the lion’s share of attention from firms.

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