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Recent news, updates and advice from our blog for financial advisors and business owners.
The latest from our podcast series for financial advisors
From Cold-Calling to $500mm Breakaway: A Former Merrill Advisor’s Team-Based Approach to Growth
Back in 2007, Rory O’Hara, founder of Ausperity Private Wealth, started out at Merrill as a cold-calling trainee—to the tune of 200 to 300 calls a day! Over time, he realized that he could reach more customers by building a team, a decision that led to growing the practice to $500mm in AUM. But due diligence opened his eyes to even greater possibilities in the independent space. So in this episode, Rory discusses his journey from cold-calling trainee at Merrill, to building the business, on to making the leap to independence as a young team. It’s a “must listen” episode that candidly explores a former wirehouse advisor’s journey full circle. 
Listen…
Financing Independence: A Lender’s Perspective on Breakaway Transitions, M&A and Succession
As the wealth management industry landscape evolved, advisors became the beneficiaries of several paths to consider when it comes to accessing capital. In this episode, James Hughes, the SVP and Head of Investment Advisory Lending at Live Oak Bank, discusses debt financing for prospective breakaway advisors looking for liquidity to de-risk a leap to independence or payoff a note balance and business owners seeking funds for acquisitions or succession planning. Listen…
In the News
J.P. Morgan Lures in $4.8-Mln UBS Team, $2.3-Mln Goldman Broker
March 21, 2022 By Karmen Alexander JPMorgan Chase & Co.’s traditional brokerage unit has lured a Miami team from UBS…
Read MoreAs Wealth Managers Move To Diversify Customers’ Idle Cash, SVB’s Own Advisors Head For Exits
March 15, 2023 Louis Diamond Quoted By Sergei Klebnikov Amid the uncertainty of the last few days, many of the…
Read MoreSoul-searching wealth advisors ponder banking turmoil: Where do I want to work?
March 17, 2023 Jason Diamond Quoted By Victoria Zhuang It’s the best of times and the worst of times for…
Read MoreWinners and Losers: The Year that Was in the Wealth Management Recruiting Space
March 15, 2023 Jason Diamond & Transition Report Featured By Holt Hackney Founded in 1998 by Mindy Diamond, Diamond Consultants…
Read MoreRecruiters Reveal Their Secrets On Cultivating A Robust Advisor Pipeline
March 14, 2023 Louis Diamond Quoted By Jennifer Lea Reed Advisory firms serious about hiring in 2023 say they are…
Read MoreThe big questions facing SVB advisors and their clients
March 13, 2023 Louis Diamond Quoted By Ian Wenik As the reality of Silicon Valley Bank’s (SVB) failure sets in,…
Read MoreTransition Deals Are More Competitive Than Ever: Report
March 6, 2023 Transition Report Referenced by Diana Britton Baseline recruitment deals were up last year, even among the independents,…
Read More‘Get it while it’s hot’: Financial advisor recruiting deals bigger and sweeter in 2022
March 3, 2023 Jason Diamond Quoted by Victoria Zhuang Recruitment of financial advisors was brisk last year and downright frenzied…
Read MoreDiamond Consultants Releases Full Year 2022 Advisor Transition Report
March 1, 2023 Louis Diamond Interviewed by Chris Latham Some of the report’s findings include: 1. More than 9,000…
Read MoreDiamond Consultants’ Louis Diamond On Best Practices For Advisor Recruitment And M&A
February 20, 2023 Louis Diamond Quoted by Chris Latham Louis Diamond Of Diamond Consultants Discusses The Evolution Of His Family’s…
Read MoreTransition Announcement: $1.5B Legacy Merrill Team Opts for Supported Independence
With Merrill roots dating back to the 1980s, brothers Brent and Brad Chappell decided that independence with Sanctuary Wealth provided…
Read MoreLongtime Merrill Team With $1.5 Billion Decamps to Sanctuary
Februay 24, 2023 By Andrew Welsch A Merrill Lynch team that managed nearly $1.5 billion in assets and has longstanding…
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