Mindy Diamond on Independence

In the first episode of her podcast on independence for financial advisors, Mindy Diamond explores the origins of the space, the backstory of its explosive growth, and introduces key players behind the momentum. She discusses key trends to be aware of, why so many advisors find independence attractive, and defines the profile of a typical independent advisor.

Diamond Consultants Financial Advisor Education Series

Independence: How did we get here, and where are we going?

After exploring the origins of independence in the first episode of this series on independence for financial advisors, Mindy Diamond walks advisors through a process to help them determine if the model is right for them. She’ll share a story of 2 advisors who, after asking themselves a series of questions, identified that independence was not right for them.

How to Determine if You've Got the "Right Stuff" for Independence

The Independent Broker Dealer or IBD model offers a mix of freedom and support for advisors who want flexibility but also to retain some of the “scaffolding” they’re accustomed to.

Exploring the Independent Broker Dealer Model

Advisors with their sights set on the highest level of freedom and flexibility, plus the maximum ability to build long-term enterprise value, owe it to themselves to take a closer look at the RIA model.

The RIA Space: Freedom and Flexibility Maximized

What drives a wirehouse advisor to make the leap to independence? And what happens once they get to the other side? Hear it first hand in this one-on-one interview with breakaway broker Matt Celenza.

A View from the Top: An Interview with Breakaway Broker Matt Celenza

It’s often not easy to separate reality from myths and untruths—and this is especially true in the independent space. As one of the relatively new models in the wealth management landscape, it’s often subject to headlines and hearsay.

Fact vs. Fiction: The True Realities of Independence for Financial Advisors

While most advisors dream about the freedom, flexibility and control of independence, many don’t make the move because of the perceived downside in the short-term economics. And while that may have been true in the past, it’s no longer the case. In this podcast, Mindy shares how there are now plenty of ways to monetize in the short-term for those who choose to go independent.

Show Me the Money: How Independent Advisors Monetize in the Short-Term

A discussion about the effects of Protocol withdrawal with Sharron Ash, Chief Litigation Counsel at Hamburger Law Firm

Special Episode: What Non-Protocol Status Means for Those Considering Independence

While the freedom and flexibility of the independent space is attractive to many, it’s the long-term economic potential that’s the real draw for entrepreneurial-minded advisors.

The Bigger Picture: How to Monetize Your Life's Work in the Long-Term

How do advisors who move to independence overcome their concerns about making the leap?

Trust in Yourself - Taking a Leap of Faith to Build an Enduring Legacy

How do the economics of going independent compare to the value of taking a recruiting deal from a major firm?

Dollars and Sense: How a Move to Independence Really Adds Up

Many advisors who explore full-on independence find that it’s just too much of a leap. For those folks, the quasi-independent space may be just the ticket.

Quasi-Independence: The Sophisticated Independent Model that Offers the Best of All Worlds

At a time when many other advisors would be focused on retirement, this senior advisor and his team took “the road less traveled” in order to better serve their clients and business.

A Multi-Generational Indy Breakaway Story

Drilling down to what’s behind the turbo-charged growth in the independent space, and how those same factors help improve client service

Why do independent advisors grow faster than their wirehouse counterparts?

Before independence was in vogue, Dorie Fain of &Wealth left the comfort and familiarity of a big-name firm – plus significant chips on the table – to build her own RIA. And she did it without leveraging a service provider. Fain shares how she banked on her client relationships, instead of “believing the hype” that she needed a big brand name behind her.

Breakaway Advisor Builds Her Own Firm, and Wealth Follows

It’s no small task to build a firm from scratch. And while there are some breakaway advisors willing to go it alone, others aren’t even aware of where to start.

What It Really Takes to Build an RIA

Every independent business owner will reach a point where gaining scale and solving for continuity and succession become paramount. It’s then that they begin to wonder: What does my firm’s end game look like?

The Independent Advisor’s Legacy: Planning for the End Game

Is it possible to find support, synergy and community in the independent space?

Independent But Not Alone

Why is M&A so important? And how do you best position your firm for M&A success?

Building Your Business Today as if You’re Selling it Tomorrow

Why are advisors not protected by the Broker Protocol – and sometimes facing significant garden leave – willing to take on the added risks to become independent?

Mindy Diamond on Independence

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