Mindy Diamond

The only items I would add to Mindy’s good lists are:

Traits of a successful breakaway:

Desire to build your own unique investment advisory solution that is more sophisticated and current than the larger wirehouses will allow.

15 year+ business time horizon (not ready to retire)

Who should stay at a wirehouse:

Advisor who generates more than 40% of their revenues from syndicate, derivatives and brokerage

Advisor looking to retire in 9 years who plans to sell their business one last time and use the proceeds to fund their retirement

The six traits that separate successful independents from wirehouse denizens

Mindy Diamond: In a perfect world, most advisors would say that they would love to have their own business, and control their destiny.  But it’s not a perfect world.

Diamond Consultants

The RIA business is many good things but integrated from a gender standpoint is not one of them. This is not so great. Women are the majority of humanity and they have an asset-building strategy that can't be beat. Women outlive their beer-and-steak mates and end up with big estates. But today's women have too another strategy -- pursuing wealth in the workplace. Yet when they go to find fellow women to talk all this through with, they don't readily find them. 

Companies big and small have for decades fallen over themselves to say that they have women's initiatives but I can't think of one that has amounted to much. But there are stories-- dozens or hundreds -- of them about women exerting their influence on this business and we are starting to collect them. It's a starting place -- documenting the ground being covered by women in the form of engaging tales graphically depicted by the physiognomy of the fairer sex.

Women of Wealth Management

Mindy Diamond's advice on how to see the realistic reflection in the mirror.

The six traits that separate successful independents from wirehouse denizens

Jeff Spears

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