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Mindy Diamond on Independence: The Banking Crisis and Its Impact on Advisor Movement

Mindy Diamond and Louis Diamond discuss the impact of the banking crisis on advisor movement, their clients, and the wealth management industry at large.

For all that’s happened in the world over the last several years, there have been few events since the financial crisis of 2008 that rocked the financial services world in ways that we have experienced over the last several weeks.

No doubt, the fall of Silicon Valley Bank and those banks that tumbled after, sent shock waves through the system, reverberating down to wealth management firms of all sizes, their advisors and the clients they serve.

In this episode, Mindy Diamond and Louis Diamond share perspectives from their unique vantage point, answering the questions on the minds of many advisors, including:

  • Will recent news slow advisor movement?
  • Do we anticipate any change in recruiting deals?
  • Will this event shift the pendulum of movement further from independence and regional firms?
  • Will wirehouses see this as an opportunity to work on wrest away more control from the advisors?
  • How will advisors think about custody of assets going forward?
  • And, ultimately, how will this event impact advisors, their clients and the wealth management industry at large?

Listen in to this special industry update to get the answers to these questions and more.

Download a transcript of this episode…

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