Diamond Consultants

AUGUST 23, 2023

On the one hand, as the largest global wealth manager, the firm boasts an internationally renowned brand, a sophisticated investment, trust, and lending platform, and a more boutique feel than its direct competitors. Even the availability of financial planning resources may depend on the size of the account.

Recruitment 52

Recruitment Wealth Management Clients Communication 52

Diamond Consultants

APRIL 16, 2024

6 ways to ride off into the sunset for advisors without a next gen in the wings The wealth management community agrees on one thing: We have a massive next gen talent gap, and it’s worsening with each passing year. Providing a succession plan whereby the clients can continue to be serviced with little to no interruption or friction.

Recruitment 52

Recruitment Retirement Clients Planning 52

Nerd's Eye View

APRIL 4, 2023

Marc is the Founder of Fairhaven Wealth Management, an independent RIA based in Wheaton, Illinois, that oversees more than $1 billion in assets under management for 450 client households. Welcome to the 327th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Marc Horner.

Financial Advisor 130

Financial Advisor Marketing Marketing Recruitment 130

Robert B. Ritter Jr.

MARCH 28, 2022

(Click here for Blog Archive)(Click here for Blog Index) (Presentations in this Blog were created using the InsMark Loan-Based Split Dollar System) Editor’s Note: This blog presents a sizzling loan-based split-dollar plan. This executive benefit will be difficult to justify if interest rates increase considerably.

Recruitment 40

Recruitment Taxes Financial Services Planning 40

Diamond Consultants

MARCH 13, 2024

Although there are similarities across firms, there are noticeable cultural and strategic positioning differences amongst the major players: For example, Bank of America’s ownership of Merrill relative to the wealth management focus of Morgan Stanley and UBS. We continue to believe that there has been no better time to be an advisor.

Recruitment 52

Recruitment Wealth Management Retirement Clients 52

Diamond Consultants

DECEMBER 19, 2023

This is Diamond Consultants’ annual endeavor to set the record straight: What are the most common “myths” that can stall an advisor’s plans to realize their full potential? There are important differences between Morgan Stanley, Merrill, UBS, and Wells when it comes to their cultures, economics, platforms, emphasis on wealth management, etc.

Recruitment 52

Recruitment Wealth Management Compliance Clients 52

Sara Grillo

OCTOBER 21, 2022

In this blog, I interview paraplanning professionals to get their take on what the role is, what it pays, and what it potential is for someone who wants to get a job as a financial paraplanner, possibly as a stepping stone to other wealth management jobs. For those of you who are new to my blog/podcast, my name is Sara.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

Diamond Consultants

JUNE 14, 2023

When advisors evaluate wealth management firms, there is a series of items they are (rightfully) concerned with above all else. Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited? Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Economics Clients 52

Inside Information

DECEMBER 26, 2023

Now there’s a new white paper that predicts ‘The next phase of the evolution of the wealth management industry,’ called ‘Welcome to the Jungle.’ Going forward,” the paper concludes, “wealth management will look much more like a jungle than a club.” Conclusions? This profession-wide complacency is due for a rude awakening.

Wealth Management 40

Wealth Management Clients Management Numbers 40

Darrow Wealth Management

FEBRUARY 20, 2023

If you are considering taking a job at a startup or private company with plans for an exit, there’s a lot to consider before accepting an offer. Did you apply for this position or were you recruited? Changes in the market/economy or industry landscape are also outside your control but can easily derail well-laid plans.

Startup 98

Startup Taxes Wealth Management Tax Planning 98

Diamond Consultants

NOVEMBER 29, 2022

Pre-emptively hiring an attorney to help determine how at-risk you are for termination and beginning due diligence with a trusted recruiter to understand how hirable you are will help to make the decision. Ideally, advisors should always have a solid “Plan B” in place. Immediately hire an attorney and call a good recruiter.

Compliance 52

Compliance Recruitment Media Planning 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

MAY 17, 2022

Tenured advisors have invested a lifetime in building a business with real value, yet many don’t have a succession plan. Succession planning has become one of the hottest topics in the industry and a leading driver of advisor movement. Yet some 26% of advisors still do not have a succession plan in place. Why the delay?

Retirement 52

Retirement Planning Recruitment Wealth Management 52

eMoney Advisor

DECEMBER 15, 2022

The Financial Planning Workforce. The RIA model has outpaced other categories in wealth management, with 12 percent annual growth in assets observed since 2016. Are you looking to energize recruitment and boost staff retention for your practice? The Future of the Profession. The Wall Street Journal.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. To stay ahead of the game, financial advisors need to link up with the brightest and best in the industry.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Diamond Consultants

MAY 3, 2022

There’s been an interesting shift in movement amongst one sector of wealth management: private bankers. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks.

Banking 52

Banking Wealth Management Commission Assets 52

Diamond Consultants

JUNE 7, 2022

Ten years ago, if I asked a successful advisor in the prime of their career to explain their succession plan and glide path to retirement, they likely would have looked at me like I had three heads. In the short term, there was nothing to solve for. But now they’re thinking differently.

Retirement 52

Retirement Recruitment Wealth Management Clients 52

Diamond Consultants

DECEMBER 5, 2023

The best team members make a wealth management business operate like a well-oiled machine. Advisors that don’t take the opportunity to make one well-timed move are forgoing a transition deal, which, at current levels, can deliver as much as 300-400% of an advisor’s recruited production.

Compliance 52

Compliance Clients Retirement Recruitment 52

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. To stay ahead of the game, financial advisors need to link up with the brightest and best in the industry.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

International College of Financial Planning

MARCH 13, 2020

It is not common for fresh graduates to be left in a lurch while they had planned a successful transition to becoming a working professional. According to International Labour Organisation (ILO), SMEs are the major job creators and recruiters. There are many sectors that are recruiting fresher even during the pandemic.

Recruitment 40

Recruitment Communication Financial Planning Planning 40

Diamond Consultants

DECEMBER 20, 2022

A look back – and forward – on the forces behind an evolving wealth management industry. For instance, while Rockefeller Capital Management and First Republic Private Wealth Management led the headlines by landing some of the industry’s most elite teams, the real news was actually in the wirehouse world.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He’s a member of the management committee. He co-chairs a number of the asset management investment committees. JULIAN SALISBURY, CHIEF INVESTMENT OFFICER OF ASSET AND WEALTH MANAGEMENT, GOLDMAN SACHS: Thanks, Barry.

Assets 283

Assets Clients Investing Investments 283

SEI

SEPTEMBER 17, 2022

So when you look at the company as a whole, a substantial portion of our revenue is related to wealth management processing or occurring on SWP. Maybe if you can just comment on your advisor recruiting efforts. So every quarter you kind of mentioned that you recruited a certain number of advisors. Rajiv Bhatia: Got it.

Clients 49

Clients Assets Banking Planning 49

Sara Grillo

SEPTEMBER 26, 2022

We’ll discuss these questions: The CFP Board has specifically stated that it wants the CFP® mark to be a requirement for anyone who practices financial planning. The debaters are: Robert Wright, CFP®, a financial consultant with Advocacy Wealth Management. What is your opinion? Robert will be on the “for” team.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59

The Big Picture

APRIL 25, 2023

Now, full disclosure, Ritholtz Wealth Management has been around a decade. And I said, I really think that we would be able to do a great job for our RIA clients, for our wealth management clients, by having this consulting firm, and they rejected the idea. It’s so great to be here. We retained your firm.

Compliance 150

Compliance Wealth Management Clients Management 150

The Big Picture

MAY 16, 2023

And I’m like, dad, I found I need 25 grand to get going and my dad said send me a business plan. LINDZON: And … RITHOLTZ: I like your dad’s idea You should have created a business plan, just so you have it under your belt So now, I can’t imagine. LINDZON: No, so obviously, I did the business plan, I’m kidding.

Media 275

Media Investing Investments Valuation 275