Diamond Consultants

DECEMBER 16, 2024

And how can advisors solve the dual mandate of allowing the Gen 2 advisor to inherit in a timely fashion while also making the retiring advisor economically whole? 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 52

Wealth Management Recruitment Retirement Valuation 52

The Big Picture

JUNE 29, 2023

My morning train WFH reads: • Gold Is No Longer a Good Hedge Against Bad Times : The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse. Bloomberg ) • AI’s Winners, Losers and Wannabes : An NVIDIA Valuation, with the AI Boost! Slate ) • St.

Recruitment 130

Recruitment Transportation Valuation Retail 130

Financial Symmetry

MARCH 12, 2025

By challenging the outdated success prototype often represented by male-centric attributes and creating opportunities for diverse recruiting, companies can leverage different perspectives to drive innovation and success. Forward-thinking companies recognize that diverse teams outperform their homogenous counterparts.

Education 51

Education Recruitment Communication Numbers 51

Diamond Consultants

JUNE 23, 2025

An advisor could easily earn more for their book at day’s end if they have the appetite to go through a transition—either via a recruiting deal from another traditional firm or by creating a competitive bidding process and selling their book with capital gains treatment on the open market.

Retirement 52

Retirement Compensation Planning Recruitment Clients 52

Diamond Consultants

JUNE 1, 2023

And certainly, there are plenty of firms out there that have identified the right combination of exceptional client service, smart recruiting and strategic growth initiatives—making them attractive acquisition targets. This team’s desire for greater freedom and control over economics has made them very interested in going independent.

Valuation 98

Valuation Recruitment Retirement Distribution 98

Diamond Consultants

APRIL 22, 2025

Plus, there are economic benefits of independent business ownership that advisors typically dont want to forfeit by moving back to a W-2 channel. They might move to a W-2 firm if that firm can provide a quality successor, and it would come with the added benefit of a lucrative recruiting deal and sunset package.

Compliance 52

Compliance Recruitment Engineering Economics 52

Trade Brains

OCTOBER 18, 2024

They’re also recruiting tech talent to drive digital transformation efforts. As it does so, it will play a crucial role in India’s economic growth story. The post Can Investment Banking be India’s Next Big Economic Driver? Banks are also exploring blockchain technology for more efficient transaction processing.

Banking 52

Banking Economics Investing Investments 52

Nerd's Eye View

SEPTEMBER 28, 2022

In this episode, we talk in-depth about how Joe has witnessed firsthand as an advisory firm owner, and now a partner at a leading global investment management firm, how the financial services industry is evolving in real time as more banks and brokerage firms are truly adopting financial planning and implementing advisory services at national scale (..)

Executive Compensation 130

Executive Compensation Financial Advisor Wealth Management Recruitment 130

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. Smart RIAs are aligning economic interests in more creative ways than ever before and continually bolstering their advisor-facing value propositions.

Recruitment 105

Recruitment Clients Banking Startup 105

Diamond Consultants

OCTOBER 23, 2024

recruit advisors. In addition to recruiting deals, many firms also offer sunset or retire-in-place packages that afford advisors a second bite at the proverbial apple without the need to make another transition down the road. Asset portability and retention are required to realize the majority of deal economics.

Recruitment 72

Recruitment Assets Wealth Management Taxes 72

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). So, how should an advisor think about risk versus reward when considering a move? Portability:Will clients follow?

Clients 52

Clients Recruitment Compliance Wealth Management 52

Diamond Consultants

FEBRUARY 8, 2023

Many advisors think they hold all the cards in the recruiting process. All recruiting deals have a subjective element, and firm leadership endorsements help ensure the best economics (and experience) possible. a call with an existing advisor on the platform, legal/attorney review, investment portability analysis, etc.).

Recruitment 59

Recruitment Clients Economics Investing 59

Diamond Consultants

AUGUST 7, 2023

While the firm continues to add new advisors to its ranks, it’s still struggling to keep pace in the so-called recruiting wars. Why do some firms enjoy tremendous success in retaining and recruiting advisors while others struggle to keep and attract advisor talent? And even current Jones advisors are wondering why.

Recruitment 52

Recruitment Compliance Budgeting Financial Advisor 52

Diamond Consultants

AUGUST 13, 2024

And, should you decide to ultimately change firms, you might also think there’s strength in numbers: Moving a larger book of business could result in a more lucrative recruiting deal and better ongoing economics. There are real benefits to scale when it comes to being recruited.

Recruitment 52

Recruitment Risk Tolerance Planning Clients 52

Ballast Advisors

NOVEMBER 29, 2022

While it may be understandable that companies would like to “lock-in” valuable executives with “one-way” employment agreements (sometimes referred to as “golden handcuffs”), many top performers recognize that they may no longer be immune to corporate restructuring in a challenging economic climate. Types of Restrictive Covenants .

Recruitment 40

Recruitment Compensation Planning Clients Retirement 40

Diamond Consultants

JUNE 14, 2023

Transition deal, ongoing economics, technology stack, investment platform, and firm brand name are among the most common and, of course, critical. Greatest economics? Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited?

Recruitment 52

Recruitment Wealth Management Clients Economics 52

Trade Brains

SEPTEMBER 22, 2024

Now India is at the forefront of the economic boom. The company is looking to continue to attract, train, and retain talented employees by Recruiting graduates and experienced professionals with training programs. As Housing market still remains a growing market due to various economic factors. 37,090 ₹144,651 AUM (Cr.)

Assets 96

Assets Portfolio Retail Planning 96

The Big Picture

MARCH 4, 2025

Melissa Smith : So I definitely thought that I was gonna work in the public sector when, when I’m recruiting at JP Morgan I always, you know, get the question sort of how did, how did you get into investment banking? And in my summer in between I worked for Mayor Daley in Chicago on economic development issues.

Banking 130

Banking Economy Startup Marketing 130

Diamond Consultants

JUNE 29, 2023

The short-term economics require a leap of faith. In most cases, advisors are choosing to forgo a very substantial recruiting deal from another traditional firm. For example, a wirehouse advisor who opts to move to another wirehouse likely stands to make north of 300% of revenue in a recruiting deal.

Wealth Management 52

Wealth Management Management Recruitment Financial Advisor 52

The Big Picture

AUGUST 16, 2022

And then in 1982, Dean Witter recruited me to join them and to really start managing what was their fledgling hedge fund practice, which was really with CTAs back in that era, and then evolved into, you know, more macro style funds. How does this impact global trade and other economic factors? TROPIN: It’s a big factor.

Management 302

Management Assets Risk Management Valuation 302

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. That is, “ What makes advisors happy?” Now put yourself in their shoes.

Financial Advisor 59

Financial Advisor Recruitment Clients Assets 59

Diamond Consultants

DECEMBER 19, 2023

There are important differences between Morgan Stanley, Merrill, UBS, and Wells when it comes to their cultures, economics, platforms, emphasis on wealth management, etc. Recruiters have been saying for years that deals are at an all-time high, so I’ll never miss the boat.” But things change very quickly, and no one has a crystal ball.

Recruitment 52

Recruitment Wealth Management Compliance Clients 52

Diamond Consultants

JUNE 21, 2022

Yet many advisors shy away from the due diligence process itself, envisioning an exhaustive barrage of calls from recruiters and managers of other firms and meetings that often lead nowhere. While understanding the economics of a recruiting package is important, it shouldn’t be your first inquiry. Best practices to consider.

Financial Advisor 52

Financial Advisor Recruitment Compliance Education 52

Good Financial Cents

JANUARY 11, 2023

Financial managers are the captains of the financial industry, mapping out the course for a company’s future and guiding them through tough economic times. Some other best ways to find high-paying jobs in banking include attending job fairs, checking out industry publications, and speaking with recruiters.

Banking 96

Banking Budgeting Portfolio Management Recruitment 96

MarketWatch

MARCH 8, 2023

Korn Ferry KFY reported Wednesday fiscal third-quarter profit beat expectations and revenue that surprisingly increased, as strength in its recruitment process outsourcing (RPO) revenue offset weakness in executive and professional search. The staffing services company’s stock was still inactive in premarket trading. Net income fell to $11.2

Recruitment 40

Recruitment Economics Marketing Marketing 40

Diamond Consultants

AUGUST 9, 2022

The key for a breakaway team is to assess the importance of the short-term versus long-term economic considerations since options that provide more upfront capital typically offer a lower ongoing net payout. And, of course, there is always the option to build your own community via targeted recruiting and acquisitions.

Compliance 59

Compliance Recruitment Clients Retirement 59

Diamond Consultants

JANUARY 23, 2024

move from wirehouse to wirehouse), which comes with an added benefit: “double monetization” whereby an advisor can move the business once and monetize twice (once via a recruiting deal and then again via the new firm’s sunset program). Advisors might even opt for another firm within their same channel (i.e.,

Retirement 59

Retirement Recruitment Clients Economics 59

James Hendries

AUGUST 8, 2022

Recruiting and retaining employees who are both qualified and motivated is an ongoing challenge for most businesses. A transformation in the workplace is underway as many Baby Boomers make plans to work longer beyond their normal retirement age due to recent changes in the economic climate. Mature Workers Are Here to Stay.

Recruitment 52

Recruitment Retirement Budgeting Education 52

Diamond Consultants

JUNE 28, 2023

First, UBS left the Protocol for Broker Recruiting. Wells offered them the ability to have a unique brand on their website, a custom-built space, and demonstrated through the recruitment process that management could remove obstacles more easily than they experienced at UBS. But things started to change at the firm.

Compliance 52

Compliance Recruitment Clients Compensation Planning 52

Diamond Consultants

APRIL 18, 2023

The line between working for an independent firm and a wirehouse is starting to blur for many advisors—and the lack of freedom and control, along with lackluster economics, has become a powerful motivator to consider other options. Much attention has been focused on wirehouse breakaways—and for good reason.

Clients 52

Clients Recruitment Economics Estate Planning 52

Diamond Consultants

DECEMBER 5, 2023

The handcuffs of unvested deferred compensation tighten Although making a move isn’t all about the economics, of course, it’s an important factor. It’s particularly hard when an advisor has built up so much unvested deferred comp that it substantially eats away at the economics of a move.

Clients 52

Clients Compliance Retirement Recruitment 52

Brown Advisory

OCTOBER 28, 2021

In an effort to understand what is happening on the ground—including the social and economic fallout—and learn how we might help, we convened this timely conversation with two ardent and insightful women’s advocates. Speakers: Harbeen Arora, Ph.D.

Portfolio Management 52

Portfolio Management Economics Clients Education 52

Brown Advisory

OCTOBER 28, 2021

Headlines have been replete with the additional economic challenges that the pandemic has wrought for women. In an effort to understand what is happening on the ground—including the social and economic fallout—and learn how we might help, we convened this timely conversation with two ardent and insightful women’s advocates.

Portfolio Management 52

Portfolio Management Economics Clients Education 52

The Big Picture

APRIL 29, 2025

You get a bachelor’s in economics from Colgate and then an MBA in finance from NYU Stern. I was an economics and English major. 00:16:57 But I got the call and from a recruiter, and Jenison was an intriguing company to me. So let’s start with your background. 00:02:02 [Speaker Changed] Quite the contrary, Barry.

Management 130

Management Assets Portfolio Insurance 130

BlueMind

APRIL 19, 2022

They took a survey of more than 5800 small businesses and gathered information on the economic impact of Covid-19 on small businesses. How Financial Advisors Can Make the Most of Digitization A research was conducted by the National Academy of Sciences which was published on July 28, 2020.

Financial Advisor 52

Financial Advisor Professional Services Clients Recruitment 52

Diamond Consultants

MAY 3, 2022

By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. For private bankers considering change, it’s important to understand both the potential that lies before you, as well as the hurdles that you may encounter in a move.

Banking 52

Banking Commission Wealth Management Assets 52

The Big Picture

SEPTEMBER 3, 2024

A bachelor’s in economics from Northwestern and then an MBA from University of Chicago. And so I kind of leveraged that when I went to Morningstar because they’re very focused on quality, the whole concept of economic moats, but also about buying companies when they’re trading at a discount to intrinsic value.

Investing 146

Investing Investments Valuation Management 146