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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

The Real Message Behind the Movement of $1 Billion Teams

Posted by Mindy Diamond

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.

First, it’s noteworthy that so many large teams moved at all: Historically speaking, those in the “Billion Dollar Plus Club” were the least likely to move. For those teams that did move, it was typically from one brokerage firm to another, as these folks strongly believed that the wirehouses were the only place to serve wealthy clients. And it didn’t hurt that the recruiting deals were quite lucrative as well.

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About Mindy Diamond

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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