2021-09-08 18:33
September 8, 2021
By Justin Berman
An eight-person, Harrison, New York-based advisory firm with $850 million in assets under management has broken away from UBS to become an independent RIA… Read More
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Perspectives For Financial Advisors From Diamond Consultants Blog
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Advice for advisors considering their future in the wealth management space. Exploring opportunities within the wirehouse, regional and independent models in order to better serve one's clients and career in the financial advice field.
2021-09-08 18:29
September 8, 2021
By Joyce Blay
Financial advisor Barry Mitchell has launched Next Level Private, an independent registered investment advisor (RIA) in Harrison, N.Y., with $850 milli… Read More
2021-09-08 15:16
September 8, 2021Wendy Leung Quoted
By Katie Kuehner-Hebert
The COVID-19 pandemic has spurred a wave of financial advisors calling it quits, or at least finally giving serious consideration… Read More
2021-09-07 13:18
September 7, 2021
By Andrew Welsch
A top-ranked UBS financial advisor and his team, which oversaw $850 million in client assets, have left the wirehouse to open an independent firm, prompte… Read More
2021-09-01 16:29
September 1, 2021Louis Diamond Quoted
By Miriam Rozen
As the recruiting wars intensify, seasoned advisors have opportunities to entertain multiple offers and engage in horse-trading to try… Read More
2021-08-31 10:00
For advisors managing assets around $250mm who are looking to break free of the limitations on their ability to grow and serve clients, the independent space offers several viable options.
P… Read More
2021-08-26 15:04
August 26, 2021
By Jacqueline Sergeant
A longtime Merrill Lynch father-son team with $500 million in assets has left to join RBC Wealth Management in Chicago, according to a news release.
T… Read More
2021-08-26 12:26
August 26, 2021
By Miriam Rozen
RBC Wealth Management on Thursday nabbed a Chicago-area Merrill Lynch Wealth Management father-son team that managed more than $500 million in client assets… Read More
2021-08-26 09:51
A conversation with Anders Jones, CEO and Co-Founder, Facet Wealth
If there’s one thing that the pandemic taught us it’s this: Many clients are OK with not having face-to-face in… Read More
2021-08-24 16:59
August 24, 2021Louis Diamond Quoted
By Hayley Cuccinello
Big banks often sue former wealth advisors to stop them from soliciting clients. JPMorgan is upping the ante by taking an RIA to cou… Read More
2021-08-24 10:00
Just like a marriage, the early years of a partnership often reflect the initial values and ideals you shared as a courting couple. Yet people and circumstances evolve over time, so unless y… Read More
2021-08-23 12:08
August 23, 2021Louis Diamond Quoted
By Miriam Rozen and Mason Braswell
UBS Wealth Management USA has recast its offers for private bank recruits as it looks to make its recruiting deals mor… Read More
2021-08-19 09:19
A conversation with Dan Johnson, President & CEO, Birchcreek Wealth Management
There’s real value to building teams in wealth management firms.
For clients and the business overall… Read More
2021-08-17 10:00
An expanded landscape with more options than ever before has advisors wondering: “Should I go for the short-term windfall or bet on the long-term potential?” And there are good… Read More
2021-08-16 14:12
August 16, 2021Louis Diamond Quoted
By Peter Rawlings
Wirehouses have been sweetening their succession programs in a bid to keep as many client assets in-house as they can.
The recent chang… Read More
![Episode 17 – Working As An Independent Advisor With Louis Diamond & Robert Sandrew [podcast]](https://cdn.blogarama.com/images/posts_thumbs_site_id/12998/1299844-3721097920.w320.jpg "Episode 17 – Working As An Independent Advisor With Louis Diamond & Robert Sandrew [podcast]")
2021-08-12 15:43
August 12, 2021Louis Diamond Interviewed
With Matt Ackerman and Rob Sandrew
Now, more than ever, advisors have options and opportunities to put them ahead of the competition.
In this episod… Read More
2021-08-12 09:53
A conversation with Paul Saganey, Founder and President of Integrated Partners
Most of the biggest “breakaway-turned-independent-business-owner” stories shared on this show are a… Read More
2021-08-10 10:00
As big firms consolidate, more and more local branch offices are closing—and advisors are wondering what their options are.
The pandemic is causing yet another wake of change in the i… Read More
2021-08-05 10:36
With Gerry Goldberg, CEO and co-Founder, GYL Financial Synergies
Some of the most successful businesses are born from concepts designed not in a boardroom or corner office on an expensive wh… Read More
2021-08-04 15:29
August 4, 2021Louis Diamond Mentioned
By Sam Del Rowe
Registered investment advisor Robert Harris, a wirehouse veteran, believes being independent is better for advisors.
Harris is a s… Read More
2021-08-03 10:00
While another advisor’s move may sound great, the reality is that every advisor’s business, clients, and vision for the future look different—and what works for them, may… Read More
2021-07-30 15:50
July 30, 2021Louis Diamond Quoted
By Charles Paikert
A growing talent shortage and the need to retain planning firms’ best employees and attract new ones is one of the most pressing i… Read More
2021-07-29 10:11
With Louis Diamond
When it comes to building a strong business, there is nothing better than a great partnership. Like a happy marriage, it provides the perfect environment for synergy, with… Read More
2021-07-28 19:40
July 28, 2021
By Investment News
Kyle Smith and Michael Sandlin, who managed $740 million at Truist Investment Services in Raleigh, North Carolina, have joined Linsco, the employe… Read More
2021-07-28 18:05
July 28, 2021
By Jake Martin
Wells Fargo Advisors on Wednesday pulled from UBS Wealth Management USA a 10-person team that had been generating $7 million in annual revenue at the wirehouse… Read More
2021-07-28 17:59
July 28, 2021Louis Diamond Quoted
By Peter Rawlings
Wirehouses are unlikely to reward financial advisors and staff for working through the pandemic in the same way that other financial serv… Read More
2021-07-23 17:55
By Barbara Herman
Whether inclined to stay or to go, advisors owe it to their clients – and themselves – to pay attention to what’s changing at the firm.
With so much move… Read More
2021-07-22 10:59
With Ryan DeVore, Partner, Director and Global Head of Private Wealth Management, William Blair
The control and flexibility of independence is certainly an attractive proposition, but for ma… Read More
2021-07-15 12:36
July 15, 2021Louis Diamond Quoted
By Jake Martin and Mason Braswell
Merrill Lynch Wealth Management President Andy Sieg on Wednesday acknowledged an issue with broker attrition and sought t… Read More
2021-07-15 10:36
A conversation with Robert Harris, Senior Wealth Advisor, Avidian Wealth Solutions
Many top teams are built on synergistic dynamics—where one advisor’s talents are complemented b… Read More
2021-07-13 10:00
For many advisors, it’s momentum vs what could be “a chance of a lifetime.”
Business is booming, and life is good.
Certainly, much may have changed at your firm in the las… Read More
2021-07-09 20:43
July 9, 2021Louis Diamond Quoted
By Mark Schoeff Jr.
An executive order President Biden signed Friday afternoon could make it easier for financial advisers to switch firms and harder for fi… Read More
2021-07-08 18:18
July 8, 2021
By Jake Martin
As two Merrill Lynch veterans left to launch their own registered investment advisory firm, the wirehouse hired a pair of JPMorgan Chase Private Client advisors… Read More
2021-07-08 13:54
July 8, 2021Louis Diamond Quoted
By Peter Rawlings
When Morgan Stanley co-president Andy Saperstein described the firm as more than a wirehouse, he spoke to a broader sh… Read More
2021-07-08 11:36
A conversation with Bryan Garris, Managing Partner, TriaGen Wealth Management
There’s a trend that’s been on the rise and shows no sign of stopping anytime soon: The drive toward… Read More
2021-07-07 19:37
July 7, 2021
By Asia Martin
Two former advisors who managed a combined $441 million at Bank of America Merrill Lynch launched a new registered investment advisory firm in Pittsford, N.Y.
Th… Read More
2021-07-02 16:29
July 2, 2021
By Cynthia Fernandez
Sanctuary wealth signed a four-person ex-Merrill Lynch Wealth Management team that managed $1.22 billion in assets, according to the firm.
Advisor Bra… Read More
2021-06-29 10:00
Reaching clients and prospects has become equally challenging and auspicious—but there are efficient and effective ways for advisors to “get through.”
Nearly every advisor… Read More
2021-06-25 17:42
June 2, 2021
By Ross Snel
An advisor team that managed $1.2 billion at Merrill Lynch has left the thundering herd to establish an independent wealth management firm in partnership with Sanc… Read More
2021-06-24 10:42
A conversation with Louis Diamond
Every advisor and business owner are looking for new ways to expand their reach and achieve greater growth.
For Mindy Diamond, it was nearly 2 decades ago t… Read More
2021-06-22 19:40
June 22, 2021Barbara Herman Quoted
By Asia Martin
Commonwealth Financial Network, an independent broker/dealer with over $221 billion in total client assets, has recruited Melville, N.Y.&nd&helli…Read More
2021-06-22 17:28
June 22, 2021Louis Diamond Quoted
By Andrew Welsch
LPL Financial’s service for advisors who want to leave wirehouses is gaining traction with recruits, having signed eight breakaway… Read More
2021-06-22 10:00
By embarking on due diligence with clarity on the “end game,” advisors can better align the pros and cons of each option and their impact on long-term goals.
Most advisors focus… Read More
2021-06-21 15:41
June 21, 2021Mindy Diamond Featured
With George Moriarty
George Moriarty, our chief content officer, makes his inaugural visit to the podcast to chat about Bruce’s amazing Neal award… Read More
2021-06-17 11:17
With Brett Gilliland, Founder and Chief Executive Officer, Visionary Wealth Advisors
The theme of “incongruence” weaves through many of the stories shared by advisors who’v… Read More
2021-06-16 18:30
June 16, 2021
By Jake Martin
Raymond James Financial’s sweetened deals for experienced brokers in its employee division are paying off, even without matching the high-water… Read More
2021-06-15 15:31
It seems to be counter-intuitive for an advisor or team who may be riding the wave of their “best year ever” to change jerseys or break for independence. Yet it’s happenin… Read More
2021-06-09 16:58
A conversation with Lori Van Dusen, Founder and CEO, LVW Advisors
It’s interesting how many advisors we talk with share how they’ve “grown up” in the business.
Some h… Read More
2021-06-09 15:14
June 8, 2021Barbara Herman Quoted
By Diana Britton
While LPL Financial has custodied assets for registered investment advisors since 2008, it was largely to support the fledgling hybrid adv… Read More
2021-06-08 10:00
Advisors are asking these threshold questions both of themselves and the firms they work for—the answers to which are serving as the blueprint for their business lives.
The desire for… Read More
2021-06-07 18:27
June 7, 2021
By Andrew Foerch
A veteran UBS advisor is leaving the wirehouse to join a Sanctuary Wealth affiliate.
Matt Tucker, who has spent his entire 25-year career with UBS and its pred… Read More
2021-06-03 11:07
A conversation with Kurt Miscinski, President, Cerity Partners
What do you get when you cross a successful wealth management executive with a New York billionaire?
You get a spectacular $31B… Read More
2021-05-27 09:57
With Avy Stein, Founder and Co-Chairman of Cresset
Advisors and clients have been the beneficiaries of a more than decade-long evolution—with changes impacting both the landscape as we… Read More
2021-05-25 12:17
May 25, 2021Mindy Diamond and Louis Diamond Quoted
By Janet Levaux and Jeff Berman
Many advisors are choosing to work under the umbrella of a registered investment advisor, and the number o… Read More
2021-05-25 10:00
The due diligence process is intentionally done “under the radar” to ensure that advisors remain in compliance and in no way expose the fact that they’re exploring. But eve… Read More
2021-05-24 18:29
May 24, 2021Louis Diamond Quoted
By Diana Britton
Merrill Lynch Wealth Management revealed details Monday about its new advisor development training program, with perhaps the biggest change… Read More
2021-05-20 20:02
May 20, 2021Mindy Diamond Quoted
By Jeff Benjamin
After more than a year of virtual gatherings and Zoom calls, the road warriors of wealth management are champing at the bit to get back out… Read More
2021-05-20 09:48
A conversation with Matt Kilgroe, President/CEO, Cyndeo Wealth Partners
Most independent advisors start out by building strong practices in traditional firms. While plenty of them continue t… Read More
2021-05-19 14:16
May 19, 2021Louis Diamond Quoted
By Peter Rawlings and Ming Li
Wirehouses fired fewer registered representatives in 2020 compared to the previous year, a Financial Advisor IQ analysis of da… Read More
2021-05-19 12:58
May 19, 2021Louis Diamond Quoted
By Miriam Rozen
Another routine that has fallen by the wayside in the remote work era: the longstanding tradition of wirehouse brokers moving firms on a Fri… Read More
2021-05-18 15:17
In a vastly expanded industry landscape with more high-quality options than ever before, some advisors settle for “good enough” when the potential for “great” is ofte… Read More
2021-05-17 14:08
May 17, 2021Louis Diamond Quoted
By Charles Paikert
For owners of advisory firms considering entering the current M&A market for RIAs, it’s a good time to be a seller. Echelon Par… Read More
2021-05-13 11:05
A conversation with Louis Diamond
One of the major motivations for advisors who choose independence is the desire to build an enterprise through recruitment of other advisors and the opportu… Read More
2021-05-12 18:31
May 12, 2021Louis Diamond Quoted
By Bruce Kelly
Greg Fleming’s deep ties to his former firms, Merrill Lynch and Morgan Stanley, are paying off at his latest venture, Rockefeller Capit… Read More
2021-05-11 18:11
May 11, 2021
By Andrew Foerch
A UBS breakaway team has formed an independent wealth management firm in Farmington Hills, Mich. with backing from Summit Financial.
Vardhan Wealth Management… Read More
2021-05-06 11:58
A conversation with Andy Schwartz, CFP®, Principal, Bleakley Financial Group
As a college student selling insurance, Andy Schwartz didn’t envision that someday he’d be at the… Read More
2021-05-05 14:18
What do the ever-evolving recruiting practices telegraph to advisors about the ideal candidates and overall hiring strategy of the firms—today and in the future?
Much can be learned b… Read More
2021-05-04 18:32
May 4, 2021Louis Diamond Quoted
By Andrew Foerch
Dynasty Financial Partners will begin making minority equity investments in its partner RIAs, entering the mergers and acquisitions market f… Read More
2021-04-30 18:10
April 29, 2021Louis Diamond Quoted
By Lynnley Browning
The acquisition frenzy for independent advisory firms may be about to get even hotter.
That’s the thinking of some industry deal… Read More
2021-04-29 12:02
A conversation with Steven Tenney, Founding Partner and CEO, Great Diamond Partners
In all of the conversations we have with breakaway advisors, we hear a consistent theme around the motivat… Read More
2021-04-27 10:30
Advisors who feel the status quo no longer serves them – but ultimately desire independence – are opting to make an interim move rather than wait. Here’s why:
Advisors cho… Read More
2021-04-22 11:36
A conversation with Christopher Winn, CEO and Lead Consultant, AdvisorAssist
There are few words in wealth management’s lexicon that draw greater consternation amongst advisors.
And th… Read More
2021-04-21 17:39
April 21, 2021Louis Diamond Quoted
By Dina Hampton
Greg Clifford, founder and CEO of the Clifford Group in Newton, Massachusetts, says he “grew up” at Merrill Lynch, entering th… Read More
2021-04-21 17:39
April 21, 2021Louis Diamond Quoted
By Jeff Martin
UBS Wealth Management USA has hired a six-person team that had been managing $5 billion in client assets at J.P. Morgan Private Bank, as we… Read More
2021-04-20 16:22
April 20, 2021Louis Diamond Quoted
By Peter Rawlings
The remote work environment created by the Covid-19 pandemic has prompted more wirehouse advisors to consider independence, according to… Read More
2021-04-20 10:30
While many advisors are drawn to the freedom and control that independence offers, there are those for whom it may not be the “right” path.
The 2020 Advisor Movement Study from F… Read More
2021-04-16 19:08
April 16, 2021Josh Tomolak Quoted
By Gary Stern
Advisors who switch firms or strike out on their own regularly trumpet their successes, breathlessly saying they wish they left sooner. Howev… Read More
2021-04-15 18:01
April 15, 2021Louis Diamond Quoted
By Miriam Rozen and Mason Braswell
A senior Merrill Lynch executive on Thursday underscored that the firm plans to selectively hire veteran brokers in som… Read More
2021-04-15 12:02
With Louis Diamond
It might seem odd for a show called Mindy Diamond on Independence to have an episode discussing the reasons why independence might not be right for you.
But the truth of t… Read More
2021-04-13 15:20
In a world that seems to focus on billion-dollar firms making the leap to independence, advisors at a lower asset threshold are wondering how they too can gain greater freedom and control. H… Read More
2021-04-12 18:52
April 12, 2021
By Asia Martin
LPL Financial recruited four advisors from Bank of America Merrill Lynch, where the team managed $650 million in assets under management.
The quad, which… Read More
2021-04-12 17:15
April 12, 2021Louis Diamond Mentioned
By Andrew Foerch
NorthEnd Private Wealth is the first wirehouse breakaway group to join LPL Financial’s Strategic Wealth Services platform… Read More
2021-04-12 13:08
April 12, 2021Louis Diamond Quoted
By Jake Martin
A four-broker team in Greenville, South Carolina has left Merrill Lynch to launch an independent practice affiliated with LPL Financial&rsq&helli…Read More
2021-04-09 15:49
April 9, 2021
By Mason Braswell
Morgan Stanley Wealth Management has hired a four-person private wealth management team generating $4 million in annual revenue at UBS Wealth Management USA… Read More
2021-04-09 12:51
April 9, 2021Louis Diamond Quoted
By Peter Rawlings
Some smaller broker-dealer firms are trying to peel away advisors from firms being gobbled up by large networks amid the ongoing industry… Read More
2021-04-08 13:21
A conversation with the industry thought-leader, financial planner and host of the popular blog and podcast series
It was almost 2 years ago when Michael Kitces last visited this show.
And m… Read More
Rockefeller Capital Management Adds Derek Jeter To Board After Growing To $75 Billion In Three Years
2021-04-07 19:11
April 7, 2021Mindy Diamond Quoted
By Jason Bisnoff
Gregory Fleming and a team of financial services veterans started Rockefeller Capital Management in 2018 with the backing of private equit… Read More
2021-04-07 06:00
While the rules may not have changed, it appears the consequences have—and advisors are feeling more vulnerable than ever.
While the desire for greater freedom and control is one of t… Read More
2021-04-06 12:43
April 6, 2021
By Jake Martin
A solo advisor who had built a $279 million book as a broker at Merrill Lynch and other large brokerage firms has left the wirehouse world to start his own prac… Read More
2021-04-01 16:39
Historically, advisors at Edward Jones rarely changed jerseys.
They were loyal, felt independent enough, liked the culture and enjoyed the strong brand recognition.
But, today, we are seeing… Read More
2021-04-01 14:07
A conversation with Ahmie Baum, Founder and CEO, Interchange Capital Partners
What if we all had the chance to take a “mulligan” at least once in our business lives?
That is, use… Read More
2021-03-31 18:36
March 31, 2021
By Mason Braswell
Merrill Lynch has lost two top-ranked brokers in metropolitan New York City, extending a round of recent departures.
In the other move of a Forbes-ranked Me… Read More
2021-03-30 19:02
March 30, 2021
By Joyce Blay
RHA Wealth, an independent practice based in Raleigh, N.C., has joined the Sanctuary Wealth network, the companies recently said in a news release.
The young te… Read More
2021-03-30 14:17
March 30, 2021
By Alex Padalka
Sanctuary Wealth says it has helped yet another team of Merrill Lynch financial advisors go independent.
Raleigh, N.C.-based RHA Wealth in… Read More
2021-03-30 10:30
Seeing yourself through the lens of opportunity – outside the familiarity of the status quo – can inspire a new way of thinking about your business and allow you to reassess pri… Read More
2021-03-29 11:58
March 29, 2021Louis Diamond Quoted
By Jake Martin
Real estate cost savings and broker demand for more collaboration appear to be putting pressure on Edward Jones to revisit its single-broke… Read More
2021-03-25 12:33
A conversation with Robert Thornton, Executive Vice President & President of Private Wealth Management
This is a story that truly exemplifies how much the wealth management landscape &nd&hell…Read More
2021-03-23 10:30
A peek behind the curtains of these two firms demonstrates how the right combination of features has created a best-of-both-worlds model that stands out amongst the competition.
It seems as… Read More
2021-03-18 13:07
A conversation with Louis Diamond
We talk a lot about the expanded industry landscape—and how, ultimately, an advisor has much more to consider than ever before.
As such, there is trem… Read More
2021-03-16 10:30
In a world where bigger is considered better, many of Wall Street’s most talented and productive advisors are opting to go against the grain and leave chips on the table.
No one wants… Read More
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