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Articles tagged "Mindy Diamond"


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Mindy Diamond: There are instances where firms increase it to 8%. Does that extra incentive make us send them more leads? Absolutely not.

Schwab upends traditional 'basis point fees' for RIA recruitment and pushes the headhunters to negotiate with advisors for a cut of soft-dollars

The custodian to 10,000 RIAs follows a like move by Fidelity to bring RIAs into the loop on how much recruiters are paid and who pays what amount

March 3, 2021 at 3:42 AM

Gary Hirschberg: I believe in contracts.

Yet another Goldman Sachs advisor breaks away, risks its legal ire and stands wordlessly by for three months to become an RIA

Gary Hirschberg oversaw $1.4 billion and teamed up with Mindy Daimond and Shirl Penney to join a growing army of people beating a path away from the platinum-brand investment bank

October 2, 2018 at 5:40 AM

Louis Diamond: First, I call my parents Mindy and Howard. That was the first big step.

Mindy Diamond unleashes her 26-year-old son on Wall Street to cut deals and recruit recruiters

Louis Diamond has a Manhattan office, an M&A mindset, a willingness to call his mom 'Mindy' and a green-pasture outlook when it comes to the RIA business

June 30, 2017 at 6:46 PM

Christopher Norton: By working with the advisor and not the institution directly, the clients may perceive that they are protected from the shenanigans.

FiNet welcomes six wirehouse defectors at the apex of a withering Wells Fargo bank scandal that 'has legs'

Wells Fargo Advisors and FiNet ADVs warn of some cross-selling as RIAs eye Wells Fargo to see if the only wirehouse attempt to support independents will succeed, fail or end in confusion

September 29, 2016 at 7:15 PM

Joan Khoury: What I'm drawn to here is the ability to create the narrative and the story. This firm isn't as well known but it has good name recognition.

Joan Khoury gets hired as CMO to revive brand of the other Oppenheimer

LPL's ex-marketing chief comes to the long-forgotten wirehouse believing its long history provides grist for a compelling narrative

January 5, 2016 at 11:10 PM

If Focus Financial has an IPO, the vultures may feast first, best.

Report: Focus Financial is preparing SEC paperwork for its initial public offering -- but is it jumping the gun?

With $325 million in revenues, the jumbo New York roll-up seeks to assuage a host of liquidity challenges

July 7, 2015 at 3:36 PM

Howard Franzblau [l.with Richard Devine, David Brennan and Wayne Froud]: When you're at a company that is going under, it creates a lot of stress for the clients.

How Raymond James finally landed a big Bear Stearns team after JP Morgan retained and detained it for six years

The Florida broker-dealer finally has its first corner-office-style group at Rockefeller Center

December 11, 2014 at 7:28 PM

Tony Robbins was given one hour, demanded two hours then performed for three.

Tony Robbins walks past the close a bit but nonetheless delivers at MarketCounsel

Despite detaining for three hours the just-arrived-in-Las Vegas crowd way past feeding time, Robbins won hearts, if not heads

December 9, 2014 at 9:34 PM

Stephen Brown: The 'big box' firms -- Morgan and Wells -- couldn't get their heads around the U-5 language.

The backstory of how a Merrill UHNW team found love in the time of U-5 -- but not with an RIA

Recruiters are still a little baffled as to why the $2.5-billion firm skipped a chance to go independent with a 'compelling story' but chose the comfort of the familiar business model -- and an office of their own

October 23, 2014 at 6:53 PM

Stephen Brown writes: We advise several CEO's and CFO's of Fortune 500 companies, as well as some professional sports teams.

How Merrill Lynch's divorce of its own $2.5-billion team shows just how fed up the wirehouse is with RIA-bound breakaways

The sudden pick-up in these seemingly self-defeating dismissals by Wall Street firms suggest new vigilance against gradual breakaways

September 22, 2014 at 5:48 AM

Danny Sarch: I don't think this is desperate at all. If you don't have money, then you can't make the deals.

Ameriprise makes its move upmarket by first moving its bonus payouts to Wall Street levels

The Minneapolis-based broker jacks its sticker bid to 150% bonuses of brokers' last 12-months of revenue

June 13, 2014 at 2:30 PM

Elliot Weissbluth: These are not simple lift-outs.

Elliot Weissbluth pooh-poohs the idea that HighTower faces channel conflict as 'stupid and uninformed'

The roll-up has added franchise- and outsource-type channels in the wake of a capital raise that failed to materialize

March 14, 2014 at 5:59 AM

Clayton Hartman (left) with Tim Kneen: We thought UBS was transitioning to a different kind of wirehouse.

How heavy the lifting was to get a $1-billion wirehouse team to independence in 2014 after a de facto false start in 2007

Kneen and Clayton were still on Windows 2003 version at UBS, a metaphor for why they have moved to Focus Financial and Tamarac software

February 7, 2014 at 6:20 PM

Mike Papedis: We are not engaged in responding to gossip and we are sticking to our business strategy.

Top recruiter Kevin Geary exits HighTower

The departure of the acclaimed Schwab veteran is a palpable sign for some that the roll-up is going in a new direction

January 27, 2014 at 6:27 PM

 Raymond James recruited Becky Wiles, Terry Wiles, Heather Monzote, Ryan Smith and two hound puppies, Maia and Sky, in December.

The story behind how Raymond James won two big teams from LPL and Wells Fargo in the past couple of weeks

When the mid-sized Florida broker-custodian takes on bigger giants, it plays the little-guy card

January 7, 2014 at 8:47 PM

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