Diamond Consultants

DECEMBER 16, 2024

Also, it likely means ceding some control in any or all of the following areas: brand, compliance, investment autonomy, marketing, and operations. The Pros: The combination of the recruiting deal (offered as an incentive to change firms) and the new firms retire-in-place deal is highly lucrative.

Wealth Management

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). Is there an opportunity to do more, adding things like family office services or tax?And

Clients

Diamond Consultants

JULY 7, 2025

This is problematic in an environment where just the cost of technology and compliance can be staggering for even the most profitable of firms. In theory, such a move could help address several of the firm’s current pain points, particularly its lagging pre-tax margins. It would also signal a renewed commitment to the U.S.

Wealth Management

Wealth Management

AUGUST 7, 2025

The new team will offer wealth management guidance to ultra-high-net-worth individuals, family offices and businesses on estate planning, tax, wealth transfer and business succession. The firm found Cooper and his team through a national recruitment search. Number 8860726.

Wealth Management

Wealth Management

JULY 18, 2025

Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B

Estate Planning

Harness Wealth

MAY 12, 2025

tax industry is currently in a tight corner, grappling with a major talent shortage. This widening gap between the demand for skilled tax professionals and the available supply presents considerable challenges for tax firms of all sizes. Table of Contents What are the causes of the tax advisor shortage?

Taxes

Sara Grillo

OCTOBER 21, 2022

Financial paraplanners can be recent college graduates with no work experience, or may also be career changers with an extensive background in other areas that can add more value to an RIA owner, such as tax professionals. Also, nothing in this podcast or blog can be interpreted as legal or compliance advice.

Insurance

Diamond Consultants

AUGUST 9, 2022

The notion of taking on the task of managing compliance, technology, HR, and finance is often what stops advisors from going independent. Plus, these platforms don’t just provide support at launch; they also offer ongoing operational, compliance, marketing, and practice management support to optimize the business for growth.

Compliance

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

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.

Recruitment

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. While it may seem “safer” to stay put, there are risks in doing so that many advisors are unaware of.

Clients

The Big Picture

AUGUST 15, 2023

And so alongside of Wall Street recruiting in my senior year, I interviewed at the Yale Investments Office and was fortunate to get that job and violated the two principles I had at the time, which was I wanted to be in a training program and I wanted to leave New Haven. Let me say what your compliance wouldn’t allow you to say.

Management

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

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade. So we have a pretty well tried and tested campus recruitment approach. So we have a tried and tested kind of campus recruitment approach.

Clients

The Big Picture

SEPTEMBER 5, 2023

And even before the pandemic, we had changes in laws like the mansion tax, the rent law changed so that conversions of existing buildings are almost impossible. RITHOLTZ: More than that, double, and it’s no bargain in terms of real estate taxes. Florida real estate taxes are like New York real estate taxes.

Sales

The Big Picture

JULY 29, 2024

00:08:01 [Speaker Changed] And then from AssetMark, in October, 2023, you’re recruited to become CEO at Orion. 00:10:47 [Speaker Changed] So in the additive services that Orion offers now are financial planning, compliance, CRM services, risk and analysis portfolio construction and advisor portal and investor portal.

Clients

Sara Grillo

SEPTEMBER 26, 2022

Return of organization exempt from income tax [Form 990]. The idea centered on the concepts of simplicity, keeping total investment costs and taxes extremely low and developing a custom investment plan for each client using low-cost asset class and index funds. For advise on such matters, contact a legal or compliance advisor.

CFP

The Big Picture

MARCH 21, 2023

ASNESS: Well, I was striving for uncorrelated, but then the compliance officer in my head is saying sometimes it doesn’t come out to zero all the time. And it’s really not a compliance reason, I hope it’s more of an intellectual honesty reason. RITHOLTZ: Meaning it would be a recruitment challenge. ASNESS: Yes.

Valuation

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. How do I go about protecting this giant pool of capital and how do I not get killed tax wise? LINDZON: They have their own tax problems. RITHOLTZ: Hey, you could get tax-free munis now. I have a car list.

Media

Harness Wealth

MAY 12, 2025

tax industry is currently in a tight corner, grappling with a major talent shortage. This widening gap between the demand for skilled tax professionals and the available supply presents considerable challenges for tax firms of all sizes. Table of Contents What are the causes of the tax advisor shortage?

Taxes

The Big Picture

DECEMBER 10, 2024

The second issue is, could anyone figure out a way to, at the time, Seagate owned some shares and other software companies and it wasn’t clear to the market how they could sell those in a tax efficient way. It’s not like these companies have no tech. Everyone, any company of any scale has an ERP system.

Engineering