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

Independence for Financial Advisors

The Bigger Picture for Independent Advisors: How to Monetize Your Life’s Work in the Long-Term

Posted by Mindy Diamond

While the freedom and flexibility of the independent space is attractive to many, it’s the long-term economic potential that’s the real draw for entrepreneurial-minded advisors.

An expanded landscape has paved the way for breakaway advisors to monetize their businesses in the short-term, with a growing number of ways to fund a start-up, de-risk a move, and replace lost unvested deferred comp.

Louis Diamond - Diamond Consultants

For those with their sights set on longer-term goals, the potential has become even greater. As the delta between taking a recruiting deal versus building an independent enterprise diminishes, more advisors are taking the leap than ever before. And M&A in the space has never been more active.

What’s behind the massive growth of the space? What’s the real long-term potential for advisors considering a leap to independence?

In this episode, Mindy has invited Louis Diamond, Executive Vice President at Diamond Consultants, to share his experience in counseling breakaway advisors and facilitating M&A deals for independent business owners.

Together they discuss:

  • The 6 drivers behind the M&A boon
  • The 8 factors that determine a firm’s valuation
  • Standalone RIAs who are actively recruiting
  • Private equity-backed rollups acquiring, or buying equity in, smaller RIAs

 

Podcast: Play in new window | Download (Duration: 29:37 — 41.3MB)

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Related Resources

The Math Behind the Move to Independence
How the long-term economics of the independent space compare to taking an upfront check from a traditional firm. Read->

How much is my house worth?
The 7 key drivers that determine the enterprise value of independent firms. Read->

What got you here, won’t necessarily get you there (part 1) and
(part 2)
A 2-part series exploring how independent firm owners can enhance their firm’s enterprise value. Read Part 1-> or Read Part 2->

 


This podcast is also available on…

Mindy Diamond on iTunes           Listen on Google Play Music           Diamond Consultants Podcast on YoutUbe

 

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Mindy Diamond

About Mindy Diamond

President and CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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