2023-01-24 11:00
A process by which advisors can assess what is “really” portable when considering a move.
Advisors considering change have many things keeping them up at night, from deciding on… Read More
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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.
2023-01-20 21:11
January 20, 2023
By Ali Hibbs
Cedarwood Financial Partners Jumps to Commonwealth from Edward Jones.
Waltham, Mass.-based Commonwealth Financial Network, one of the nation’s largest hy… Read More
2023-01-19 10:00
A conversation with Andy Sieg, President, Merrill Lynch Wealth Management
Overview
The leader of one of the top brokerage firms in the wealth management wor… Read More
2023-01-18 19:36
January 17, 2023
By Andrew Welsch
Commonwealth Financial Network, a hybrid RIA and independent-broker dealer, recruited a group of advisors from Edward Jones who oversee nearly $1 billion i… Read More
Transition Announcement: Edward Jones Advisors With $1B AUM Break For Independence With Commonwealth
2023-01-17 21:24
This group of Edward Jones advisors recognized that independence was the path most aligned with their values and vision for the future. And when it came to selecting the right partner, Comm… Read More
2023-01-17 11:00
While the acronym “OSJ” may be a familiar one, few advisors are aware of the features and benefits – and potential advantages – the model provides.
Advisors looking… Read More
2023-01-12 10:00
An annual digest of the year’s most ground-breaking commentary: 2022 Edition
Overview
An annual digest of the 2022 season’s most ground-breaking commenta… Read More
2023-01-10 15:29
January 9, 2023Louis Diamond Quoted
By Mark Schoeff Jr.
If advisors who have less than a certain ownership threshold are free to leave an acquired firm, it could give buyers pause.
A federa… Read More
2023-01-10 15:25
January 9, 2023Louis Diamond Quoted
by Glenn Koch
The Federal Trade Commission last week proposed a rule that would prohibit employers from imposing noncompete contracts on worker… Read More
2023-01-10 11:00
The new year serves as an inflection point—a reminder that it’s always a good time to get your ducks in a row.
The onset of the new year is something of a Rorschach test: You se… Read More
2023-01-03 20:33
December 31, 2022Louis Diamond Quoted
by John Manganaro
As the wealth management industry prepares to tackle a new and potentially very challenging year, more advisors than ever before are… Read More
2022-12-22 10:00
A conversation with Louis Diamond
Overview
In an annual review for financial advisors, Mindy Diamond and Louis Diamond go out on a limb to share predictions for… Read More
2022-12-20 11:00
By Mindy Diamond and Louis Diamond
A look back – and forward – on the forces behind an evolving wealth management industry.
It goes without saying that 2022 will be recalled as… Read More
2022-12-15 19:25
December 6, 2022Louis Diamond Quoted
by Brooke Southall and Oisin Breen
Fresh off three-year hiatus, Wayne Bloom framed his Waltham, Mass. IBD as both a big, national RIA and a custodian to… Read More
2022-12-15 10:00
A conversation with Erin Botsford, Author, Founder & CEO of The Advisor Authority
Overview
The author, founder, and CEO of The Advisor Authority offers success se… Read More
2022-12-08 10:00
A conversation with Larry Boggs, the Founder and President of Boggs & Company Wealth Management
Overview
After 45 years at Wells Fargo and their predecessors, Lar… Read More
2022-12-07 19:53
December 7, 2022Louis Diamond Quoted
by Glenn Koch
Despite the market downturn and investor uneasiness, registered investment advisory firms say recruiting new workers has become their top… Read More
2022-12-01 21:16
November 30, 2022Louis Diamond Quoted
by Julie Daclag
A roundup of key updates from major broker-dealers, registered investment advisors, custodians and other distributors.
Despite the lack… Read More
2022-12-01 10:00
A conversation with Jerry Davidse CEO, Presilium Private Wealth
Overview
Jerry Davidse discusses his transition from Merrill to building RIA firm Presilium Private We… Read More
2022-11-29 11:00
In today’s heightened regulatory environment, risk reduction is often a firm’s top priority—making advisors more vulnerable than ever before.
Knowledge is power—part… Read More
2022-11-17 20:52
November 17, 2022Louis Diamond Quoted
by Miriam Rozen
Executives from regional firms to wirehouses have remarked on the frenzied pace of hiring this year, but all that firm hopping is about… Read More
2022-11-17 20:22
November 17, 2022Louis Diamond Quoted
by Kathleen Laverty
Like its brokerage peers, UBS’ compensation plan has components of cash and deferred pay, with a traditional grid at its core… Read More
2022-11-17 10:00
A conversation with Jim Gold, CEO and Founding Partner of Steward Partners
Overview
Steward Partners CEO and founding partner Jim Gold revisits the series to provide… Read More
2022-11-15 11:00
With The Clash ringing in their heads, advisors often get stuck when trying to answer the proverbial question: “Should I stay or should I go?”
In their 1982 hit, “Should I… Read More
2022-11-14 19:06
After two rounds of careful due diligence, UBS advisory team Roy Gutierrez and son David concluded that their futures, their clients, and their business could be better served in independen… Read More
2022-11-14 18:25
November 14, 2022
By Jake Martin
A four-advisor Citi Private Bank team managing $1 billion in client assets in Connecticut and New York has decamped for Merrill Lynch, according to a source… Read More
2022-11-11 17:33
Louis Diamond Quoted
November 10, 2022
By Victoria Zhuang
Financial advisors looking to go independent usually spend anywhere from a few months to a year planning their move. For one father… Read More
2022-11-10 14:55
November 10, 2022
By Ali Hibbs
A father-son team overseeing nearly a billion in assets at UBS has jumped ship to establish an independent practice with help from TruClarity Management Solut… Read More
2022-11-10 10:00
A conversation with Chad Goodchild and Jacob Schlicht, Kickstand Wealth Advisors
Overview
Self-described “homegrown Merrill” advisors Chad Goodchild and J… Read More
2022-11-09 14:39
November 9, 2022Louis Diamond Quoted
by Lisa Shidler
LPL Financial will pay $140 million to go bigger in mass-market retail advice in 2023 after it scrapped Nestwise in 2013 amid OSJ howls… Read More
2022-11-08 14:31
November 8, 2022Louis Diamond Quoted
by Glenn Koch
Merrill Lynch has added a suite of pre-approved products to its dual-contract program that the wirehouse says will help advisors better ca… Read More
2022-11-07 21:12
Independence answered this pair’s requirement to gain freedom, control and ownership over their business with the benefit of a turnkey start-up and support—allowing them to focu… Read More
2022-11-07 20:51
With Kestra Private Wealth Services (PWS), Matt West and David Combs found a team of people with the experience and expertise to help them break away from the wirehouse space and successful… Read More
2022-11-04 19:16
November 4, 2022
By AdvisorHub Staff
Indianapolis-based independent broker-dealer Sanctuary Wealth has added its first team in Wisconsin with the hire of a Merrill Lynch team that had manag… Read More
2022-11-03 20:01
November 3, 2022Louis Diamond Quoted
by Tobias Salinger
A registered investment advisor spun off from a giant accounting firm earlier this year agreed to acquire a billion-dollar practice w… Read More
2022-11-03 09:00
A conversation with Louis Diamond
Overview
While the podcast started out 5 years ago exploring the independent space, it evolved to sharing a wide range of topics and… Read More
2022-11-02 14:19
November 2, 2022
By Nick Godt
An 11-year Merrill Lynch advisor has joined Quorum Private Wealth in New York City in order to help build out the $1 billion practice’s East Coast presen… Read More
2022-11-02 14:10
November 2, 2022
By Alex Padalka
Kestra Private Wealth Services says it has nabbed a team of Merrill Lynch financial advisors.
The latest addition is Roswell, Georgia-based Canton Wealth Pa… Read More
2022-11-01 10:00
When considering a move, it’s critical to strike the right balance between satisfying specific, objective criteria for immediate needs while taking a wider perspective of longer-term… Read More
2022-10-27 09:00
A conversation with Mike Durso, Founding Partner and CEO of Shorehaven Wealth Partners
Overview
Mike Durso, CEO of Shorehaven Wealth Partners discusses his leap from… Read More
2022-10-20 09:00
A conversation with Jeff Boudjouk, Managing Partner and Wealth Advisor, Northeast Investment Group
Overview
The heightened sense of vulnerability in the big firms bec… Read More
2022-10-18 10:00
Firms are making an investment in each advisor who signs on the dotted line. Likewise, financial advisors who accept a recruiting deal are signifying the intent to make good on the firm&rsq&helli…Read More
2022-10-17 17:07
October 17, 2022
By Jake Martin and Mason Braswell
First Republic Bank’s private wealth division on Friday pulled from Merrill Lynch a five-person team overseeing $900 million in clie… Read More
2022-10-13 16:51
October 13, 2022
By Jeff Berman
Raymond James has picked up a team of eight financial advisors in Reston, Virginia, that previously managed $2.9 billion in client assets at Baird.
Operating… Read More
2022-10-13 09:00
A conversation with Kevin Myeroff, Principal and Senior Strategic Advisor at Sequoia Financial Group
Overview
The idea of planning for succession can be a difficult o… Read More
2022-10-12 19:03
October 12, 2022
By Amey Stone
A new independent registered investment advisor firm has formed in Beverly Hills, Calif. It is notable less because of where the principals come from—Me… Read More
2022-10-10 18:37
The First Significant Breakaway Team to Choose Goldman Sachs Custody Platform for Their Newly-Launched RIA Firm
We feel that creating our own fully independent RIA is ultimately in the best… Read More
2022-10-07 18:45
October 10, 2022
By Ian Wenik
Goldman Sachs is getting into the RIA breakaway business.
The storied investment bank and startup RIA custodian has revealed that it is providing custodial ser… Read More
2022-10-07 18:45
October 7, 2022
By Diana Britton
Beverly Hills, Calif.-based RIA Beverly Hills Private Wealth, launched Friday by a $1 billion Merrill Lynch breakaway team, has chosen Goldman Sachs Advisor… Read More
2022-10-06 09:00
A conversation with Louis Diamond
Overview
When it comes to M&A, there are plenty of independent business owners and wirehouse advisors who have their sights on b… Read More
2022-10-04 10:00
So far, this year has proven that advisors are the real winners as firms have stepped up their games to become attractive landing spots with strong recruitment deals to match. But the most p… Read More
2022-09-29 14:41
September 28, 2022Louis Diamond Quoted
by Jennifer Lea Reed
It’s nothing new that financial advisors want to support their communities and “give back.” And it’s comm… Read More
2022-09-29 09:00
A conversation with Todd Resnick, Co-Founder and President of One Seven
Overview
Todd Resnick and his colleagues wanted to serve their clients in new and creative way… Read More
2022-09-26 18:52
The Wise Investor Group – With Over $20mm in Annual Revenue – is One of the Largest Hires Ever at Raymond James
“Raymond James provided us with the scale of a major firm a… Read More
2022-09-26 17:22
September 26, 2022Jason Diamond Quoted
by Victoria Zhuang
With more career options than ever before, financial advisors have been job-hopping at a furious pace this year.
Dissatisfied with… Read More
2022-09-23 17:44
September 23, 2022Mindy Diamond Quoted
by Alex Padalka
The independent advisor channel is gaining advisors while wirehouse advisor ranks shrink, according to a recent report.
“The goo… Read More
2022-09-22 20:45
September 22, 2022Jason Diamond Quoted
by Victoria Zhuang
Morgan Stanley plans to tease more wealth management clients out of its retirement and self-directed accounts by piecing together w… Read More
2022-09-22 20:27
September 22, 2022
By Andrew Welsch
Raymond James Financial hired a top-ranked advisor team from rival firm Baird, adding to a spate of hires at the brokerage firm over the past year… Read More
2022-09-22 20:15
September 22, 2022
By Miriam Rozen and Mason Braswell
Raymond James Financial has landed a heavy hitting team from its smaller regional rival Robert W. Baird & Co. in Reston, Virgi… Read More
2022-09-22 09:00
A conversation with Kevin McGuire and Sarah Burney, Managing Directors and Wealth Advisors at Cresset
Overview
Private bankers are far less likely to leave the banks… Read More
2022-09-20 10:00
When the thought of making a move “gets real,” there’s another level of due diligence that advisors should embark upon.
Most advisors consider the process of due diligence… Read More
2022-09-15 09:00
A conversation with Louis Diamond and Jason Diamond
Overview
A special episode introducing the Diamond Consultants Transition Report, the first of a semi-annual revie… Read More
2022-09-12 17:00
Two Merrill Teams Managing More than $1B Unite to Create Independent Firm Auric Capital Partners with Sanctuary Wealth
As an independent firm, we will now sit on the same side of the table… Read More
2022-09-09 21:01
July 13, 2022
By Jake Martin and Mason Braswell
The breakaway movement holds strong as two teams Merrill Lynch teams and another from Morgan Stanley have left to launch practices affiliated… Read More
2022-09-09 21:00
September 9, 2022
By Andrew Welsch
Two advisor teams that oversaw more than $1 billion at Merrill Lynch jumped to Sanctuary Wealth, an independent broker-dealer and registered investment ad… Read More
2022-09-08 20:27
September 8, 2022Louis Diamond Quoted
by Mason Braswell
UBS Wealth Management USA has underscored that top producers are the future of its business with a grid-rate booster that was announc… Read More
2022-09-08 09:00
A conversation with the firm’s Founder, CEO and Chairman
Overview
Industry legend Rudy Adolf describes how the idea of Focus Financial Partners came to be, fill… Read More
2022-09-06 10:00
There are now multiple ways independent advisors looking to buy, grow, or transition their practice can unlock some liquidity.
What a difference a decade has made for advisors seeking capit… Read More
2022-09-02 09:00
Merrill Team Generating $3.6mm on a $560mm Book Attracted to RBC’s Family-Like Culture and Client-First Management Team
[RBC offers] a family-like culture, as well as a management te… Read More
2022-09-01 14:44
August 31, 2022
By Kenneth Corbin
RBC Wealth Management has notched another recruiting win, luring a Florida team with $560 million in client assets away from Merrill Lynch.
Coatoam Wealth… Read More
2022-08-30 19:50
August 30, 2022Debbie Wallen Quoted By Miriam Rozen and Mason Braswell
RBC Wealth Management-U.S. has reeled in a Merrill Lynch Wealth Management team of three brokers in Winter Park, Flori… Read More
2022-08-29 17:28
August 29, 2022Louis Diamond Quoted
by Miriam Rozen
Firms have a wide latitude in reporting to regulators why they have parted ways with a broker. They can select that a broker was… Read More
2022-08-25 12:31
August 24, 2022Louis Diamond Quoted
By Ryan W. Neal
An updated filing with the Securities and Exchange Commission appears to squash reports that Dynasty Financial Partners is shelving plans… Read More
2022-08-25 09:00
A conversation with Louis Diamond
Overview
“Enterprise value” is often discussed in the context of the total value of a business or the cost to acquire a… Read More
2022-08-23 10:00
If changing firms made sense to these $1B+ financial advisors, what lessons can be learned by those who manage less but aspire for more?
When it comes to advisor movement, there’s no… Read More
2022-08-22 20:24
August 22, 2022Mindy Diamond & Louis Diamond Named in Top 10
by Hayley Cuccinello and Rebecca Ungarino
Within the wealth management industry, tracking the many financial adv… Read More
2022-08-19 15:25
August 17, 2022Louis Diamond Quoted
By Cheryl Winokur Munk
For wirehouse advisors considering a leap to the independent channel, getting the process right can mean the difference between a… Read More
2022-08-18 09:00
A conversation with Matthew Jarvis, co-owner of The Perfect RIA
Overview
Matthew Jarvis rose from near bankruptcy to running a profitable independent financial adviso… Read More
2022-08-15 15:38
August 12, 2022
By Andrew Welsch
Another big wirehouse team has bid adieu and gone independent.
An ex- UBS team that managed $770 million signed with Sanctuary Wealth, opening an… Read More
2022-08-15 06:22
After much due diligence, this young UBS team with $770mm AUM found the ideal path for their independent business with Sanctuary Wealth.
I started my career with UBS, learned the business t… Read More
2022-08-11 09:00
A conversation with Louis Diamond…
Overview
It’s common for financial advisors to share that they are “uncomfortable” thinking about a move… Read More
2022-08-10 17:04
August 8, 2022Louis Diamond Quoted
by Sam Del Rowe
Financial advisors have several ways of dealing with clients who may be behaving erratically, including freezing their accounts. But what… Read More
2022-08-09 10:00
With so many options to choose from, how does an advisor decide which path to independence to take?
Many advisors dream of going independent for the freedom and flexibility to control their… Read More
2022-08-04 09:00
A conversation with Kelly Milligan – Managing Partner, Quorum Private Wealth
Overview
Kelly Milligan describes his journey at Merrill from zero to $1.5B in AUM… Read More
2022-08-02 10:00
Independent Firm Marriott Wealth Advisors Joins mFORCE Capital via Sanctuary Wealth’s Partnership Program
Sanctuary Wealth had everything I was looking for—integrity, profession… Read More
2022-07-29 14:47
July 29, 2022Louis Diamond Quoted
by Miriam Rozen and Mason Braswell
With UBS Wealth Management USA’s reporting this week of an unusual net outflow of advisory assets in the… Read More
2022-07-28 09:00
A conversation with Phil Fiore, Chief Executive Officer, Executive Managing Director, Co-Founder, Procyon Partners, LLC
Overview
5 years ago, Phil Fiore and his team… Read More
2022-07-26 19:24
July 26, 2022Louis Diamond Quoted
by Hayley Cuccinello
In his own words, Avy Stein flunked retirement.
In 2010, the then-chief executive of a private equity firm was diagnosed with Stage 4… Read More
2022-07-22 19:27
July 22, 2022Jason Diamond Quoted
by Diana Britton
Edward Jones announced last month it was expanding its teaming options to allow for “more flexibility and choice” fo… Read More
2022-07-21 17:16
July 21, 2022Louis Diamond Quoted
by Hayley Cuccinello
For top financial advisors, switching firms can lead to a life-changing windfall, but it comes with strings attached.
Major wealth… Read More
2022-07-21 09:00
A conversation with Louis Diamond…
Overview
A financial advisor’s move should be to improve client service—because it’s the clients who ultim… Read More
2022-07-20 14:08
The ability to “do more” for clients without limitation is a common driver behind two recent moves that Diamond Consultants facilitated.
Robert Lehrer left Ed Jones managing $1… Read More
2022-07-19 14:46
July 15, 2022
Sanctuary Wealth
Texas-based team with $120 million AUM joins from Edward Jones and chooses partnered independence with Sanctuary
INDIANAPOLIS, Ind., … Read More
2022-07-19 10:00
While there is never a “perfect time” to make a move, there are often perfect reasons to do so.
By Mindy Diamond and Jason Diamond
“Sure, there’s plenty wrong with m… Read More
2022-07-14 14:35
July 13, 2022
By Jake Martin
A solo producer managing $280 million in Louisiana and a duo managing $300 million in client assets in New Mexico have left Merrill Lynch for LPL Financial and… Read More
2022-07-14 09:00
A conversation with Bill Cates, President, Referral Coach International
Overview
Bill Cates has helped financial advisors move from incremental growth to exponential… Read More
2022-07-12 14:48
July 11, 2022
By Ali Hibbs
Sanctuary Wealth announced the acquisition of Marriott Wealth Advisors in Hot Springs Village, Ark., which will become a division of Sanctuary partner firm mFORCE… Read More
2022-07-07 10:00
By Jason Diamond and Mindy Diamond
Independence in the wealth management industry is much like your local ice cream shop: There are many different flavors to choose from.
Each year around J… Read More
2022-07-05 19:33
July 7, 2022Louis Diamond Quoted
by Mason Braswell
Edward D. Jones & Co., the largest full service brokerage firm by its almost 19,000 brokers, has lost its biggest hitter.
Jennifer A… Read More
2022-07-05 14:42
June 29, 2022Louis Diamond Quoted
by Hayley Cuccinello
With the stock market tumbling and IPOs at a standstill, many banks have enacted hiring freezes. Layoffs loom large, and already thous… Read More
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