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
Jun 3, 2021 • 43min
From Start-Up to $31B Behemoth RIA: The Catalysts Behind the Growth of Mega-Firm Cerity Partners
Kurt Miscinski shares how a serendipitous meeting with billionaire entrepreneur Howard Milstein led to the 2009 launch of HPM Partners. After starting from zero, the firm now Cerity Partners, manages over $31B in assets for ultra-high net worth clients and corporate executives.
May 27, 2021 • 50min
Disrupting the Landscape: How a $12B+ Multi-Family Office is Making Waves Amongst Advisors and Their Clients
Avy Stein, Founder and Co-Chairman of Cresset, talks about how the firm fills a gap in the landscape for advisors who serve high net worth clients, how Cresset compares to firms like Rockefeller, what’s driving recent growth and much more.
May 20, 2021 • 42min
$1.2B ex-UBS Advisor on Independence and the Value of “Controlling Your Own Ship”
After building a $1.2B business at UBS, Matt Kilgroe and his team found they were limited in what they could do for their clients. So in June of 2020, amidst the pandemic, they launched RIA Cyndeo Wealth Management and haven’t missed a beat.
May 13, 2021 • 39min
Industry Update: What Financial Advisors Need to Know About Growing Through Recruitment and M&A
One of the major motivations for advisors who choose independence is to build an enterprise via recruitment and M&A. But inorganic growth opportunities are not exclusive to independent firms. Although more limited, wirehouse advisors have options too.
May 6, 2021 • 57min
From Insurance Sales to $8B RIA: A Northwestern Mutual Breakaway Story
Andy Schwartz went from selling insurance at Northwestern Mutual to managing $3.5B in assets and leading one of the firm’s largest groups. In 2014 they left to go independent as Bleakley Financial Group, now managing $8B in assets as a hybrid RIA.
Apr 29, 2021 • 48min
“Will My Clients Follow?”— A $500mm UBS Breakaway Success Story
Changing firms or models comes with some risk, one of the most critical being client portability. It was a risk that this 26-year UBS veteran and his $530mm team found was worth taking to better serve their clients without conflict and limitations. Guest Steven Tenney, Founding Partner and CEO, Great Diamond Partners.
Apr 22, 2021 • 46min
Demystifying Compliance for RIAs: What You Need to Know
Chris Winn of AdvisorAssist makes the topic of managing compliance less daunting in this conversation that dives into policy setting, how risk differs as an RIA, the relationship to workflow management, a changing regulatory environment and more.
Apr 15, 2021 • 32min
Industry Update: 10 Reasons Why Some Financial Advisors Shouldn’t Go Independent
There are plenty of reasons why independence isn’t for everyone. Listen in as Mindy and Louis break down the 10 most common reasons for financial advisors to “not make the leap.”
Apr 8, 2021 • 1h 10min
Michael Kitces on Everything Financial Advisors Need to Know About Growth
Industry rockstar Michael Kitces shares his thoughts on building a thriving practice, why scale isn't everything, marketing, organic and inorganic growth strategies and much more. It's a must-listen for every financial advisor and business owner.
Apr 1, 2021 • 54min
6 Months Later: Why a Former UBS Lifer Considers Independence His “Do Over”
While comfortable at UBS a decade ago, Ahmie Baum started to see things a bit differently when his son Brian joined the business. It was an awakening that made this wirehouse veteran reevaluate everything, and propelled his leap to independence.
