The Diamond Podcast for Financial Advisors

Ghislain Gouraige, a 15-year UBS “culture carrier” shares what made him “start listening” to what was going on outside of the four walls of the firm at which he built a $3B practice, the value he saw in leaving to join NewEdge, tips on building an extraordinary business, and more.

Richard Lofgren, Managing Director at Goldman Sachs Advisor Solutions, shares insights on building their custody offering. He discusses his journey from the Navy to finance, highlighting his experiences at Schwab and Goldman. Lofgren elaborates on Goldman's unique approach, emphasizing digital efficiency and support for growth-focused financial advisors. He addresses why Goldman entered the RIA custody market, contrasting it with traditional providers, while also touching on technology adoption challenges and the future for independent advisors in a consolidating industry.

Mindy Diamond and Louis Diamond share ideas from 25 years of experience to help advisors navigate the daunting process of transition and advice on how to better cope with what can feel like a tumultuous ride.

Matthew Murphy and Rebecca Baker of Marble Wealth discuss their choice to leave UBS and opt for independence early in their careers, the impact of signing on to the firm’s retire-in-place program ALFA, their age as a competitive advantage, and much more.

Scott Chagrin, co-founder of Beverly Hills Private Wealth, shares insights from his journey of transitioning from Merrill to independence. Ira Ravitz discusses the meticulous due diligence process that led to choosing Goldman Sachs as their custodian, highlighting operational impacts. Lisa Westermark emphasizes the importance of client communications and team culture. Together, they reveal how their decision has enhanced fiduciary freedom, improved client services, and solidified their multi-partner approach, all while reflecting on the enthusiastic client support during the transition.

With 2023 mega-advisor moves already outpacing 2022, this episode explores case studies to answer: What was needle-moving enough to leave the firms where they built phenomenal businesses? What can we all learn from this activity? What is the impact on recruiting and the industry at large? And more…

The outgoing CEO of the wealthtech powerhouse shares his journey from the founding of Orion, the firm’s growth over the years, and perspectives on the future of wealth management, technology and AI, and much more.

The Barclays breakaway discusses his 2015 landmark leap with 5 partners, 3 offices, and $3B in AUM, plus shares why he feels UHNW clients are best served in independence, what they do to drive extraordinary growth, and much more.

Rare access to one of the top-of-the-food-chain leaders who discusses the direction of Wells, how it compares to its peers, the value to HNW and UHNW clients, a perspective on recruiting and the ideal advisor type, the future of the industry, and much more.

In an active recruiting environment, advisors are eager to understand where deals are at and where they’re headed. Beyond a transition deal, how can advisors monetize their business over time – thinking about the short-, mid- and long-term – whether they are in an employee or independent model?