Mindy Diamond

Mindy
Diamond
Columnist: Career Moves,
President and CEO, Diamond Consultants

Mindy Diamond is President & CEO of Diamond Consultants in Chester, NJ, a nationally recognized boutique search and consulting firm in the financial services industry.

Articles
The Waiting Game 1
Just as you can’t time the market, you can’t time a move to another firm—or, at least, you shouldn’t.
The Odd Couple  Walter Matheu Jack Lemon
When CPAs and Wealth Managers Come Together
While the advisor and accountant might seem like an odd couple, there are synergies to be had, as long as the CPA understands that a wealth management firm cannot be run like an accounting firm and vice-a-versa.
Why Aren’t More Women in Wealth Management? 1
What’s behind the lack of women in the industry and how we can get more in the ranks
Outgrowing the IBD
There are options for entrepreneurial advisors looking to grow their business and run a more efficient operation.
Culture: Hard to Define, Impossible to Ignore
Every firm touts their “culture” as a selling point to recruits. But what does it really mean?
Free Agents
Forgiveness of firm retention packages turns the heat up on recruiting.
The New, New Independence
Many existing independent firms don’t meet the needs of advisors serving ultra-high-net-worth clients and those who want equity ownership. But some new players are starting to change that.
Coming Together
While a successful partnership can be great for an advisor’s business, unsuccessful ones can be a death knell.
The Best Laid Plans
Most advisors are very deliberate and strategic when planning for clients. So why shouldn’t they do the same when planning for their own careers?
When Good Advisors Get Fired
As compliance departments become more vigilant, it's not uncommon for good advisors to get fired for minor, unintended infractions. But there is life after termination.
Peeking Over the Fence
Are the wirehouses really withering, as advocates for independence claim? For an advisor, the question should not be which side of the fence is better, but rather what is the best environment for my proclivities and skills and where can I best serve my clients?
What’s next for Broker Disclosure? 1
FINRA is contemplating a rule that would require brokers to disclose any incentives they receive to jump to another firm. It’s likely to pass and that will change how recruitment deals are structured in the future.
Buying Growth
Buying a book of business from a retiring advisor can be a good strategy, but read the fine print, and consider these points.
The Long Road Home 3
Breakaway broker? More like breakback broker. While the wirehouses continue to lose advisors to the independent channel, they are also luring some large teams of their own back to their ranks.
The Ghost Generation
There’s a shortage of younger advisors entering the field, and it’s only going to get worse. Firms need to beef up their training programs and explore new sources of talent.
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