A conversation with Louis Diamond
Mindy Diamond and Louis Diamond share perspectives from their unique vantage point on the impact of the banking crisis on advisor movement, their clients, and the wealth management industry at large.
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NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation.
About this episode…
For all that’s happened in the world over the last several years, there have been few events since the financial crisis of 2008 that rocked the financial services world in ways that we have experienced over the last several weeks.
No doubt, the fall of Silicon Valley Bank and those banks that tumbled after, sent shock waves through the system, reverberating down to wealth management firms of all sizes, their advisors, and the clients they serve.
In this episode, Mindy Diamond and Louis Diamond share perspectives from their unique vantage point, answering the questions on the minds of many advisors, including:
- Will recent news slow advisor movement?
- Do we anticipate any change in recruiting deals?
- Will this event shift the pendulum of movement further from independence and regional firms?
- Will wirehouses see this as an opportunity to work on wrest away more control from the advisors?
- How will advisors think about custody of assets going forward?
- And, ultimately, how will this event impact advisors, their clients, and the wealth management industry at large?
Listen in to this special Industry Update to get the answers to these questions and more.
Mind the Pendulum: What the Bank Crisis is Teaching Us About the Industry Landscape
The natural order is being tested in the wealth management industry. And it will be some time before we see who the real winners and losers are. Read->
Industry Update: Should You Consider a Move When Markets are Turbulent?
It’s common for financial advisors to share that they are “uncomfortable” thinking about a move when the markets are unsettled. But how does an advisor know if now is the right time to consider change? That answer, and more, is explored in this episode. Listen->
Your Guide to the Wealth Management Landscape: An At-A-Glance Map for Financial Advisors
UPDATED FOR 2023- The wealth management landscape offers more optionality than ever before, making it difficult to discern, let alone compare and contrast, models. So we’ve created this “at-a-glance” continuum infographic to serve as your guide to the different models and their relative features. Download->
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