The Diamond Podcast for Financial Advisors

Michael Kitces, a leading figure in wealth management and co-founder of several notable firms, shares transformative insights on boosting efficiency and growth. He emphasizes the value of niche specialization and the importance of strong teams over technology alone. Michael discusses strategies for attracting high net worth clients and optimizing team structures for enhanced productivity. Listeners will learn about balancing firm expansion with service integrity and navigating the complex landscape of advisor technology to maximize success.

Steven Jarvis, the founder and CEO of Tax Retirement Services, offers advice on how a CPA can help increase the growth and enterprise value of an advisor’s business by providing tax planning strategies and more.

LPL Financial’s major acquisition of Commonwealth Financial Network is shaking up the financial advisory landscape. Experts discuss the strategic rationale behind the move, emphasizing increased market share and operational efficiencies. Concerns about preserving Commonwealth's unique culture and advisor-focused approach are also highlighted. The chat delves into the emotional impact on advisors during this transition, shedding light on how consolidation may reshape the industry and prompt advisors to rethink their career paths.

Scott Pinkerton of FourThought Private Wealth offers a perspective on outgrowing the independent broker dealer model, transitioning to an independent RIA, and the extraordinary growth realized as a result of the change. Scott unpacks the difference between the models, shares why he opted to sell equity to Focus Financial, and more.

In this companion guide to the annual Advisor Transition Report, Jason Diamond and Louis Diamond share key findings and post-publication insights from the annual state of the industry, with updates on advisor movement, transition deals, and more.

A special episode designed for firms with their sights set on enhancing recruiting efforts and advisors looking to attract new team members, offering the steps to craft an effective Employer Value Proposition (EVP), with examples on usage and potential impact on hiring success and retention.

Rich Steinmeier offers a candid perspective of LPL’s journey and how the founding core principles remain a pillar of the business today, even as evolutionary changes have made it one of the hottest firms in the industry.

Gideon Drucker shares a multi-generational growth story, evolving from the insurance world, to independent broker dealer HTK, and most recently, to fully independent as an RIA. Now CEO, Gideon shares insights on his own evolution from next gen to leader, the advantages of independence, and their transition.

Chris Griffith and Henry Wheelwright, rising stars in the wirehouse world, share their growth story and motivations to leave Morgan Stanley and launch their own independent firm on the Goldman Sachs custody platform.

Bryan Sweet of Sweet Financial Partners shares the ultimate independent business growth story, starting with 32 years under the Raymond James BD umbrella, then as an RIA, and most recently selling to Carson Wealth.