The Diamond Podcast for Financial Advisors

Expert industry attorney Corey Kupfer offers advice to all advisors, whether considering change or not, including perspectives on contractual obligations and potential landmines one might encounter in a move, plus how to prepare your business for change, with actionable best practices to adopt today.

In a world managed to the lowest common denominator and driven by heavy-handed compliance, every employee advisor is vulnerable. In this episode, Mindy and Louis break it all down, share warning signs all advisors should pay attention to and proactive steps an advisor can take to protect themselves.

Building a firm from $120mm in assets to over $7.5B in just 6 years is an incredible feat. Mike Dolberg describes how he and the team at Apollon recognized the value of culture, partnership, and the freedom to serve clients—and how that realization ultimately drove their astounding success.

Reza Zamani, CEO of SteelPeak Wealth, shares how he grew his firm from $250mm to $3B after breaking away from wirehouses. He discusses limitations of wirehouse model, the decision to go independent, and strategies for building a successful wealth management enterprise. Topics include client service, growth strategies, leveraging technology, and the importance of conviction in financial advice.

Rob Nelson, CEO and founder of NorthRock Partners, shares insights from building a $6B+ firm dedicated to high-net-worth clients like entrepreneurs and professional athletes. He discusses the journey from humble beginnings to independence, emphasizing client-centric service and innovative offerings. Rob highlights the growth from $1.5 billion to $6 billion in assets, the importance of cultural alignment among advisors, and lessons on succession planning. He also reveals unique strategies for navigating the professional athlete market, underscoring the significance of tailored support.

The Director of Business Development and Growth, Ed Friedman, shares the secret sauce driving Summit’s growth surge. It’s a perspective on the evolved independent space, with actionable advice on culture, outsourcing, the value of minority investors, and other essential insights for advisors and business owners.

Attorney Matt Baum breaks down the facts on the latest FTC Noncompete Rule, the potential impact on an advisor’s business, current agreements, the ability to transition, and more.

In building a $1B business at Wells, Angie Ostendarp and Jordan Raniszeski realized they had outgrown the model, which limited their ability to serve their clients and continue their growth trajectory. They share why supported independence was the right fit and how it’s changed their path toward the future.

In looking for “better ways” to foster growth and solve for other long-term goals, advisors need to weigh the value of pain vs. gain when it comes to a transition. In this special episode, Mindy and Louis Diamond share a process for answering the seminal question: Is change really worth it?

Brent and Brad Chappell share unique perspectives as next gens of a business conceived by their father decades ago at Merrill. They offer insightful thoughts about family dynamics and succession, the value of mentors and education, what it takes to build a $1B wealth management business, and more.