Diamond Consultants

MAY 3, 2022

Be realistic about the valuation of your business. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. And big firms fit the bill with their commission-based model plus the cherry on top: a significant transition package on the way in.

Banking 52

Banking Commission Wealth Management Assets 52

The Big Picture

FEBRUARY 12, 2024

So then I just started interviewing with companies as they came on, on the, on-campus recruiting to see what, what I could find. And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. They were getting flows of retirement money on a continued basis.

Management 294

Management Economy Investments Investing 294

Inside Information

DECEMBER 26, 2023

The PE firms, flush with capital, moved in to buy into the rising tide, and valuations were inflated ‘to levels previously unimaginable,’ as ‘buyers contorted themselves to justify higher prices.’ They will create more attractive cultures in order to win recruiting battles, and (separate trait) do what is necessary to keep their talent.

Wealth Management 40

Wealth Management Clients Management Numbers 40

The Big Picture

MAY 7, 2024

I went in there and the valuation was below a billion dollars. And at two years the valuation was $13 billion. And she did a plan for me personally and answered the questions, can I retire? To my recruiter nanny, what she had to fire her suddenly one day. He’s great. And I left after two years.

Startup 147

Startup Advertising Engineering Numbers 147

The Irrelevant Investor

AUGUST 17, 2015

Rational measures of valuation had taken a backseat to “mouse clicks and momentum,” as Robertson put it, and he had no stomach for more punishment. By the time Simons retired, in 2009, he had become a billionaire many times over. On March 30, with the NASDAQ already 15 percent off its peak, Robertson broke the news to his investors.

Marketing 52

Marketing Marketing Assets Recruitment 52

SEI

SEPTEMBER 17, 2022

So it kind of seems like that the retirement of Trust3000 is a long ways away. 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. And then now that valuations have come down, how do you think about M&A opportunities?

Clients 49

Clients Assets Banking Planning 49

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. What’s the valuation? RITHOLTZ: Right.

Management 130

Management Investments Investing Government 130

The Big Picture

JULY 26, 2022

It might be a management team that wants to retire, or exit. It’s always the transaction that the seller wants to do is they want to retire. I mean, I don’t — RITHOLTZ: So this is really devious recruitment. WEAVER: — you know, my teaching and recruiting. And that’s great. WEAVER: Yeah.

Numbers 298

Numbers Investments Investing Management 298

The Big Picture

AUGUST 29, 2023

And your bio explains how you were recruited to Vanguard. And it’s paid off, it’s paid spades in terms of, it helps us make sure that we’re recruiting the right people, it helps us in terms of retaining folks. DAVIS: Where international equities, because of valuations, probably 7% to 7.5%.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

SEPTEMBER 10, 2024

He has a very interesting approach to thinking about market valuations and strategies and when to deploy capital, when to go with the crowd, when to lean against the crowd, and has amassed and excellent track record. I don’t even know what it’s going to be yet, but I mean, I’m not retiring. Is low, right?

Valuation 162

Valuation Clients Investing Investments 162

Diamond Consultants

DECEMBER 20, 2022

With recruiting particularly active at Morgan Stanley and UBS, advisors demonstrated that it’s still the right model for many of them. That is, placing greater focus on building a business with the end in mind, even if it meant eschewing a significant recruitment package.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

The Big Picture

OCTOBER 24, 2022

BLS recruits, just like all other organizations, recruits at college campuses. And how do we think about them from a valuation perspective? And he outlines credit cards, and he outlines mutual funds and money market funds and retirement accounts. So there are a number of us heading in out of college into the BLS.

Portfolio 130

Portfolio Management Assets Investing 130

The Big Picture

MAY 9, 2023

RITHOLTZ: what we’re really talking about is, hey, we have a bunch of people retiring in 10 years and we expect to have to pay out X dollars. One, when people have asked me to compare and contrast today versus 2007, 2008, what you hear from a lot of people is, yes, there’s some fairly heady valuations. SALISBURY: Sure.

Assets 299

Assets Clients Investing Investments 299

The Big Picture

JUNE 18, 2024

So the fact that I had a sociology degree really didn’t impede, I think getting into business Barry Ritholtz : And you end up in like what some would think of as kind of a dry, legalistic part of Fidelity, the ERISA Division, which focuses on retirement accounts. That, that gives Barstool a half a billion dollar valuation.

Media 147

Media Food Advertising Sales 147

The Big Picture

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. What are the, you know, I’d literally have it in my handheld.

Sales 130

Sales Numbers Taxes Marketing 130

The Big Picture

MARCH 21, 2023

But plenty of valuation measures, it has no applicability for price-to-sales. RITHOLTZ: Meaning it would be a recruitment challenge. ASNESS: Well, first of all, I’m going to somewhat disappoint you saying we do not take very big bets on views like timing asset classes based on valuation. It can apply to earnings.

Valuation 173

Valuation Investments Investing Numbers 173

Aleph

FEBRUARY 11, 2023

Portfolio Management and Finance The buying binge that has propelled US equities almost without interruption for four months is nearing a point where past rebounds caved in [link] Valuations are in the 97th percentile. I could retire now. Better if you know that the core meaning is serving Jesus. I have no compulsion to work.

Banking 59

Banking Government Economics Taxes 59

The Big Picture

DECEMBER 10, 2024

These 10% are what’s driving the entire valuation. The other thing that’s different is, is that today the companies with the most spectacular valuation levels are private. We’ll buy the rest of it at a, a full valuation, which we did. And I said, I can just tell you that is the wrong price.

Engineering 130

Engineering Manufacturing Consulting Investments 130