The Diamond Podcast for Financial Advisors
Mindy Diamond Financial Advisor Recruiter and Consultant
Launched in 2017 as Mindy Diamond on Independence, the show has taken on a broader perspective beyond the independent space to include topics, insights, and candid conversations around financial advisor transitions, growth, and an ever-changing industry landscape. Each episode is designed to offer objective guidance and actionable advice with some of the industry’s brightest movers and shakers.
Episodes
Mentioned books
Nov 3, 2021 • 26min
Industry Update on Merrill’s Project Thunder: Too Little Too Late?
Merrill’s recognition of the incongruence with their advisors via Project Thunder and limiting comp changes leaves some unanswered questions. This episode delves into those questions, what’s bugging advisors most and if it’s all too little too late.
Oct 28, 2021 • 52min
Regional Culture, Global Capabilities: Stifel’s $400B Success Story
Ron Kruszewski, Chairman and CEO of Stifel Financial Corp., shares how the firm serves as an example of what a regional firm is representative of today, and discusses their extraordinary growth, the appeal of their entrepreneurial culture, and more.
Oct 19, 2021 • 53min
Motivated by the Long Game: Why a UBS Breakaway Left a Deal Behind for Independence with Summit Financial
Monish Verma describes an instructive breakaway journey, from due diligence and decision-making, foregoing an outsized recruiting deal check, opting to sell equity and how his choice to go independent with Summit Financial is resonating today.
Oct 12, 2021 • 56min
A Losing Battle at Merrill: Why a Former Leader Left the Herd for Independence–the Value of Culture and the “Intoxicating” Effects of Freedom
To Greg Franks, the “bankifying” of Merrill, which he served at for nearly 3 decades, was nothing short of “tragic.” The former Merrill leader shares his experience and the story of his own leap to independence to the helm of Snowden Lane Partners.
Oct 6, 2021 • 43min
Third Gen UBS Breakaway Finds Sanctuary: $150mm in Assets and a Long Runway to Grow
Next gen Tom Stadum realized that he had a long runway and greater opportunity beyond UBS. So once his partner/father fulfilled the obligations of his retirement agreement, Tom left to build independent firm Fjell Capital with Sanctuary Wealth.
Sep 30, 2021 • 31min
Industry Update on Recruiting: Should you go for the forgivable loan?
The convention of offering a forgivable loan or recruitment deal has been the subject of a long-standing debate in the wealth management industry. Should advisors take the upfront deal or opt for the long-term potential of independence?
Sep 23, 2021 • 54min
Why a $5B UBS Breakaway Team Set Out to Build the “Boutique Firm of the Future”
Ex-UBS $5B advisors, Rob Sechan and Jeff Kobernick found that servicing their UHNW clients became difficult at the wirehouse and wanted more than other firms offered. So they built RIA NewEdge Wealth with EdgeCo Holdings and other UBS veterans.
Sep 17, 2021 • 50min
Industry Guru Bob Veres on Achieving Excellence and Building the Advisory Firm of the Future
Few in the financial services media that have the experience and name recognition of Bob Veres—and less are as outspoken. He candidly discusses the advisory firm of the future, growth, client service, technology, and the role of financial advisors.
Sep 9, 2021 • 1h 13min
Ask the Breakaways: 3 Advisors Answer Your Questions About Making the Leap
Special Episode: A panel of 3 breakaway advisors share the details of their journeys—Lori Siegel, founding partner, Centrix Wealth Partners; Michael Henley, founder & CEO, Brandywine Oak Private Wealth; and Terry Cook, CEO, Parcion Private Wealth.
Aug 26, 2021 • 45min
An “Industry Outsider” Shows What’s Possible When Building a Financial Planning Firm from the Ground Up
Anders Jones discusses how Facet Wealth’s combination of a lower-asset client target, specially-designed technology, remote client services and unique subscription-based model is serving as a template for financial advice firms of the future.
