Louis Diamond
Host of The Diamond Podcast for Financial Advisors and principal at Diamond Consultants, guiding conversations on advisor transitions, growth, and industry trends.
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May 29, 2025 • 30min
Who’s in Control: The Advisor or The Firm? A Special Industry Update
Louis Diamond, a seasoned expert in the financial advisory landscape, offers invaluable insights for advisors feeling the pressure of corporate shifts. He discusses the often-overlooked power dynamics between advisors and their firms, especially during periods of change. Proactive strategies for retaining autonomy and adapting to unexpected compensation adjustments are highlighted. Louis emphasizes the importance of having a 'Plan B' and self-evaluation to navigate vulnerabilities, helping advisors rethink control in an evolving industry.
Oct 29, 2020 • 29min
Industry Update on Goldman Sachs: What could a new RIA custodian mean for advisors and the industry?
Louis Diamond, an industry expert and partner at Diamond Consultants, discusses the seismic shifts at Goldman Sachs as they dive into the RIA custody business. He explores how this move could disrupt traditional finance and the implications for Goldman Private Wealth Advisors. With insights on Goldman's strategy, potential revenue motives, and competitive responses from firms like Morgan and UBS, Louis also considers how this shift might attract breakaway advisors and family offices looking for new opportunities. A compelling analysis of what's ahead!
