Diamond Consultants

APRIL 15, 2025

Most advisors begin the exercise of evaluating a move through two important metrics: expected asset portability and total potential recruiting deal (transition package). But its critical to also consider the expected impact of a move on clients, the team, and future growth potential. Portability:Will clients follow?

Clients 52

Clients Recruitment Compliance Wealth Management 52

Diamond Consultants

MAY 14, 2024

Likewise, many RIAs have expanded their advisor ranks by recruiting career changers or recent graduates and nurturing them with referrals or redistributed clients. They serve a specific client segment on behalf of their employer and adhere to their firm’s brand, investment, and client service processes.

Recruitment 105

Recruitment Clients Banking Startup 105

Sara Grillo

OCTOBER 21, 2022

Fee-only advisor – This is an advisor that does not charge commissions and hence is believed to be more aligned with the client’s best interests. A financial paraplanner is a junior wealth management professional who supports the research, operations, and client service activities of a financial planner. Was this helpful?

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

Harness Wealth

APRIL 16, 2025

This includes essential business activities like client meetings, travel meals, and recruitment dining. Maximizing travel and transportation deductions You can significantly reduce your tax burden by properly documenting and deducting transportation expenses between work locations, client meetings, and business events.

Startup 52

Startup Taxes Tax Planning Transportation 52

Trade Brains

SEPTEMBER 22, 2023

It also offers comprehensive health check-up packages for men, women, senior citizens, young people, and corporate clients. The company has over 1,400 active global clients, over 2,50,000 employees and a company presence in 66 counties. The company has 3,500+ clients across 60+ Industries and 20+ Training & Hiring Centers.

Portfolio Analysis 116

Portfolio Analysis Portfolio Healthcare Banking 116

Diamond Consultants

AUGUST 9, 2022

Many advisors dream of going independent for the freedom and flexibility to control their business, client service model, and bottom line. The notion of taking on the task of managing compliance, technology, HR, and finance is often what stops advisors from going independent. Support & Resources.

Compliance 59

Compliance Recruitment Clients Retirement 59

XY Planning Network

JANUARY 16, 2023

If notifying or bringing your clients with you is on your checklist, add this task first: C heck employment contract. So, it’s understandable that, should that day come, they find themselves unaware of the restrictions placed on them when it comes to notifying their clients or bringing them with them. 4 MIN READ. New year, new firm?

Clients 98

Clients Assets Management Recruitment 98

Diamond Consultants

OCTOBER 10, 2023

However, these advisors are simultaneously forgoing massive recruitment bonuses from competing firms and a less labor-intensive transition process. But without growth, it will take many years to offset the “bird in the hand” of a lucrative up-front and back-ended recruitment package.

Math 52

Math Recruitment Consulting Clients 52

Diamond Consultants

JUNE 21, 2022

Being a “student of the industry” – knowing how it is changing and becoming aware of the growing list of options available – will no doubt empower you to become a better advisor and, even more so, a fiduciary to your clients. View everything from your clients’ perspectives. Best practices to consider. What’s in it for them ?

Financial Advisor 52

Financial Advisor Recruitment Compliance Education 52

Harness Wealth

MAY 12, 2025

Stereotypes of long hours spent on tedious compliance work tend to overshadow the intellectual challenges, problem-solving opportunities, and the potential for strategic advisory roles within the field. Clients expect prompt and insightful advice.

Taxes 52

Taxes Compliance Accounting Numbers 52

Diamond Consultants

MARCH 14, 2023

In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria For all of the time, energy, effort, and money that firms spend on recruiting advisors, there’s one critical question they often neglect to address. Is there red tape that is hindering the advisor and client experience?

Financial Advisor 59

Financial Advisor Recruitment Clients Assets 59

Diamond Consultants

JUNE 28, 2023

They want to have a sense of ownership over how they run their practice—including the ability to hire and fire team members, distinguish themselves from their colleagues by marketing their business creatively, and be allowed to run their practice without as much interference from compliance. First, UBS left the Protocol for Broker Recruiting.

Compliance 52

Compliance Recruitment Clients Compensation Planning 52

Diamond Consultants

DECEMBER 19, 2023

We believe verily that everyone should have a Plan B, whether they have any thoughts of moving or not—especially in a world where heightened compliance scrutiny and zero-tolerance risk cultures abound. Recruiters have been saying for years that deals are at an all-time high, so I’ll never miss the boat.”

Recruitment 52

Recruitment Wealth Management Compliance Clients 52

Diamond Consultants

JANUARY 10, 2023

Debating the merits of stringent compliance regimes is beyond the scope of this article, but the reality is that we live in a world of heightened oversight. For example, what if management changes policies that impact your growth or ability to serve clients? It means that firms are willing to pay a premium to recruit.

Recruitment 59

Recruitment Financial Advisor Planning Retirement 59

Diamond Consultants

MAY 27, 2022

And, for those who moved, did their clients follow? What about the Broker Protocol and client portability? The Broker Protocol is a framework for recruiting that allows advisors moving to/from certain firms to take select client information with them and freely solicit clients upon resigning. Updated: May 31, 2022.

Recruitment 52

Recruitment Clients Compliance Wealth Management 52

Diamond Consultants

DECEMBER 5, 2023

Increasing bureaucracy, rising compliance restrictions, diminishing freedom over investments, and client communications—just a few of the issues we hear about from advisors every day. For some, it may result from not having ready access to the holistic and high-end resources needed to land and retain HNW and UHNW clients.

Clients 52

Clients Compliance Retirement Management 52

Diamond Consultants

SEPTEMBER 10, 2024

All four wirehouses have similar programs (also referred to as sunset deals or internal succession deals), each designed to both reward advisors for their life’s work and bind them, their clients, and inheriting next gens to the firm. In many cases, these deals can reach 200-300% of an advisor’s trailing 12 months revenue.

Retirement 52

Retirement Recruitment Clients Compliance 52

Inside Information

MAY 30, 2023

I completely get why they would tell this to credulous writers; the public has increasingly shifted away from any taint of ‘sales’ in an advisor relationship, and the concept of hiring an advisor who puts their clients’ interests first (even if most people don’t understand the term ‘fiduciary’) is an attractant.

Communication 40

Communication Sales Insurance Compliance 40

The Big Picture

APRIL 25, 2023

Brian Hamburger has been one of the leading authorities in the world of registered investment advisories, broker-dealers, SEC regulatory compliance. And I would constantly hear them frustrated by the compliance department. HAMBURGER: They were just blaming compliance for everything they couldn’t do. RITHOLTZ: Right.

Compliance 162

Compliance Clients Wealth Management Management 162

The Big Picture

MAY 9, 2023

SALISBURY: At the simplest level we manage money for our clients. Three main client segments. Institutional clients, our own private wealth clients, and then third-party wealth clients where we manage money on behalf of other wealth managers distribution partners. SALISBURY: Look, every client is different.

Assets 299

Assets Clients Investments Investing 299

The Big Picture

MAY 23, 2023

How to recruit and retain the best people and how to use technology as a tool to give you an edge, not just in investing but in the ability to offer clients various solutions improving your efficiency, effectiveness and productivity as a company. I manned client call phones. It’s very close to Covent Garden and very old cells.

Clients 162

Clients Management Engineering Investing 162

Diamond Consultants

DECEMBER 20, 2022

That is, clients wanted more from their advisors; advisors wanted more from their firms; and the firms, too, wanted more from their advisors. With recruiting particularly active at Morgan Stanley and UBS, advisors demonstrated that it’s still the right model for many of them.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

The Big Picture

SEPTEMBER 10, 2024

So I would say the challenge of having those roles is that our institutional clients are much shorter term. And, you know, Morgan Stanley has all types of different clients. We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments. You know, they value our research.

Valuation 162

Valuation Clients Investing Investments 162

The Big Picture

JULY 29, 2024

They serve a different client segment, 00:05:46 [Speaker Changed] A little bit higher end. So you still spend a lot of time with your clients, which you do at, at every level of the organization. 00:08:01 [Speaker Changed] And then from AssetMark, in October, 2023, you’re recruited to become CEO at Orion.

Clients 147

Clients Portfolio Financial Advisor Investments 147

Sara Grillo

SEPTEMBER 26, 2022

JR: The advisors were as much the victims as their clients were, and the brokerage firm would say they were all inappropriate behavior, so they’re all disclosures. Option rate securities were… 0:14:54.9 So it’s very difficult to do that. It is kind of a case by case thing. I still have to argue in that regard.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

The Big Picture

SEPTEMBER 5, 2023

I mean, essentially what no one understood in the industry and still don’t understand today in the real estate industry is that when appraisers doing an appraisal for the buyer that’s getting a mortgage, their client is actually the bank. RITHOLTZ: Right, that’s right. RITHOLTZ: 44, I mean, it’s there for the taking.

Sales 130

Sales Numbers Marketing Marketing 130

Diamond Consultants

MARCH 25, 2025

This is why firms like RBC and Raymond James have been so successful in recruiting wirehouse advisors, touting strong cultures that advisors can feel from day one. We often facilitate name-blind calls between an advisor recruit and an advisor at the prospective firm. How can advisors assess a new firms culture before joining?

Wealth Management 52

Wealth Management Management Recruitment Compliance 52

Harness Wealth

MAY 12, 2025

Stereotypes of long hours spent on tedious compliance work tend to overshadow the intellectual challenges, problem-solving opportunities, and the potential for strategic advisory roles within the field. Clients expect prompt and insightful advice.

Taxes 52

Taxes Compliance Accounting Numbers 52

The Big Picture

MARCH 21, 2023

But when you’ve gone through two-year periods like the tech bubble, and three-year periods like ‘18 through ‘20, I think myself, my family and some of my clients might take issue with the word consistently. And it’s really not a compliance reason, I hope it’s more of an intellectual honesty reason. RITHOLTZ: Right.

Valuation 173

Valuation Investing Investments Numbers 173

The Big Picture

NOVEMBER 4, 2024

00:06:39 [Speaker Changed] So clients, the LPs who come to Oak, were they just giving them cash to be allocated across all these different sectors? So pharma is a client, employers, payer employer market as a client and payers our clients beyond our customers of our companies, beyond just hospital systems. And drug costs.

Healthcare 130

Healthcare Medical Investing Investments 130

The Big Picture

DECEMBER 10, 2024

He then made a huge bet around enterprise applications, big bet around client server. I wanna stop all of the client server work, and I wanna re-platform everything that we’re doing on a web architecture. We’re not gonna run another line of client server code. The internet, boom, had started a great story.

Engineering 130

Engineering Consulting Manufacturing Investing 130

The Big Picture

MAY 16, 2023

Um, case anybody that says anything, non-compliant, compliance tracks that also the watch list is just sort of fun. But, but for other people, we have, we have clients who’ve sold businesses. RITHOLTZ: I have a behavioral finance list. I have a, I have everybody in my firm on a list. I see everything that everybody tweets.

Media 290

Media Investing Investments Valuation 290