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Independence 101 Podcast

Independence 101

 

An Introduction to Independence: 5 Key Podcast Episodes to Jumpstart Your Knowledgebase from Diamond Consultants

Independence is the topic of many conversations we have with advisors who are considering their future and exploring their options. Within a greatly evolved industry landscape, it’s hard to ignore the shift towards models which offer greater freedom and flexibility to serve clients unencumbered by a big firm agenda—especially when watching respected colleagues make the leap.

Yet many advisors are still scratching their heads wondering what independence is all about. So we gathered this collection of 5 podcast episodes which, when listened to in succession, will help you get up to speed on the basics of the independent space—what we call “Independence 101.”

With a solid platform of knowledge under your belt, you can delve deeper into the entire series which offers greater details on models and options, as well as interviews with breakaway advisors and industry thought-leaders.

Independence 101Independence: How did we get here, and where are we going?

Independence is not for all financial advisors, but it’s a topic everyone wants to learn more about.

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. (Approx. 15 minutes listening time.)

https://media.blubrry.com/mindy_diamond_on_independence/content.blubrry.com/mindy_diamond_on_independence/Diamond-Podcast1-edit-mix1-4F.mp3

 

 

Independence 101Exploring the Independent Broker Dealer Model

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.

The reality is that independence isn’t one-size-fits-all. So in choosing whether independence is right for you at all, you need to understand the various models and what each offers in terms of freedom and flexibility. Then you can better align just “how independent” you want to be—that is, just how much support and scaffolding you desire. In this episode, Mindy focuses solely on the Independent Broker Dealer (IBD) model and what makes it so popular among many advisors who have gone independent. (Approx. 20 minutes listening time.)

https://media.blubrry.com/mindy_diamond_on_independence/p/content.blubrry.com/mindy_diamond_on_independence/Diamond-Podcast-ep3-FINAL.mp3

 

Independence 101The RIA Space: Freedom and Flexibility Maximized

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.

In this episode, Mindy focuses specifically on the RIA – Registered Investment Advisor – model, which offer advisors the maximum in freedom, independence, control, customization, open architecture and client-centric holistic practice capabilities. Listen in to get a better understanding of how the features of the RIA space can benefit those advisors who have a strong entrepreneurial mindset, and the different opportunities for building one’s business. (Approx. 20 minutes listening time.)

https://media.blubrry.com/mindy_diamond_on_independence/p/content.blubrry.com/mindy_diamond_on_independence/Diamond-Podcast-ep4-final.mp3

 

Independence 101The Choreography of a Move to Independence—with Tim Oden from Schwab Advisor Services

An inside view of the growth of the independent space—and what advisors need to do to make their own move successful.

As more and more advisors consider a move to the independent space, they often express concern about the heavy-lifting such a move might require. In this episode Mindy is joined by Tim Oden, Senior Managing Director for Business Development at Schwab Advisor Services. With his 30-years of industry experience, he offers a great perspective on the ever-increasing movement towards the independent space, the key to both the success of a move and ongoing growth of your business, and much more. (Approx. 30 minutes listening time.)

https://media.blubrry.com/mindy_diamond_on_independence/p/content.blubrry.com/mindy_diamond_on_independence/Diamond-Consultants-Podcast-ep20-final.mp3

 

Independence 101A Diehard Merrill Advisor’s Journey to Independence—with Michael Henley of Brandywine Oak Private Wealth

One of the most popular episodes in the series: Merrill Breakaway Michael Henley’s story represents 2 key trends that are rocking the wealth management landscape.

Like many other advisors who chose to go independent, Michael Henley found himself at a point in his wirehouse career when his professional life became more about “jumping through hoops” for the bank than it was about doing what was best for his clients. The culture had changed enough that he felt his ability to conduct business in a way that was “objective and conflict-free” was no longer possible. At just 34-years old and the leader of a team with a partner less than 10 years from retirement, this once “diehard Merrill Lynch advisor” had some tough decisions to make. Ultimately, he said, it came down to this: “We have to do what’s right for our clients and we have to keep our team happy.”

His story represents two key trends we are seeing: Younger advisors skipping the typical step of taking a transition deal from another brokerage firm in their first move; and senior advisors forgoing “retire in place” packages from the wirehouses for the ability to design their own sunset program in the independent space. (Approx .45 minutes listening time.)

https://media.blubrry.com/mindy_diamond_on_independence/p/content.blubrry.com/mindy_diamond_on_independence/Diamond-Consultants-Podcast-ep33-final.mp3

 

 

Listen to additional episodes from the Mindy Diamond podcast

EXPLORE THESE PODCASTS

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-Ron Kruszewski
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and many more
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The “new advice value stack,” and how firms can use it to help maximize their own value propositions for their clients.
The Brighthouse Financial Insights Panel is a group of leading, independent experts providing powerful insights into the big challenges facing you and your clients.
Equipping independent financial advisors with the tips, insights, and knowledge needed to evolve in every aspect of his or her life
Powering Independence Podcast, insights and ideas for RIAs, presented by Dynasty Financial Partners. A podcast dedicated to presenting fresh ideas and best practices for the wealth management industry.
As an industry expert, Frank LaRosa provides guidance and advice on a host of topics from recruiting and transitions, succession planning, practice management, M&A and more.
Our goal is to unlock the challenges to reveal the opportunities and what it means to provide advice in the 21st century.
Our webcast is dedicated to helping our viewers get real insights by avoiding the cognitive dissonance of today’s media outlets and biased editorial filters.
Go behind the scenes with registered investment advisors and other related independent business model experts
As a nationally recognized recruiter and consultant to financial advisors, Mindy Diamond has unmatched experience in introducing advisors to the independent space.
The must listen-to podcast for investors, venture capitalists and financial advisors, with Tony Sirianni and Paul Dietrich.
An Introduction to Independence: 5 Key Episodes to Jumpstart Your Knowledgebase
Jay is an investment strategist, CERTIFIED FINANCIAL PLANNER™ and business consultant to financial advisors.
In this podcast business owners, entrepreneurs and executives reveal their top tips for success.
We interview top financial advisors and visionary voices to bring you the strategies, tips, and tools you need to make a difference in people’s lives.
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Join Sound Financial Group CEO Paul Adams and President Cory Shepherd every week, as they help you Design and Build a Good Life™.
The Kuderna Podcast, focusing on wealth in it's original meaning- a state of well being.
Timeless wisdom, actionable information you can use right now to make smarter investment decisions.
Made for and dedicated to those folks serious about their financial plan.

RECENT EPISODES FROM THE TONY SIRIANNI PODCAST

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RECENT EPISODES FROM THE MINDY DIAMOND ON INDEPENDENCE PODCAST

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    Dec 17, 2020
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    Industry Update on Goldman Sachs: What could a new RIA custodian mean for advisors and the industry?

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RECENT EPISODES FROM THE POWERING INDEPENDENCE PODCAST FROM DYNASTY FINANCIAL PARTNERS

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    Nov 6, 2020
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