Home Wealth Management Mindy Diamond on Independence: 10 Rising Traits for 2023

Mindy Diamond on Independence: 10 Rising Traits for 2023

Mindy Diamond on Independence: 10 Rising Traits for 2023


In an annual evaluate for advisors, Mindy Diamond and Louis Diamond have a look at the previous yr and the way exercise and developments are already coloring what we count on to see because the driving forces of change for 2023.

They dive into particulars on recruiting, the place advisors went, the state of offers and M&A, and rather more of their recap of 2022—then discover their predictions and expectations for 2023, together with:

  • The place recruiting offers are headed—and the way altering competitors will additional impression gives.
  • The shifting recruiting pendulum—and the place extra advisors will transfer to within the coming yr and why.
  • The rise of aggressive offers from high-end RIA corporations—and the way they may rock the market amongst these serving excessive web price and ultra-high web price shoppers.
  • Retire-in-place incentives—and why large corporations are anticipated to push advisors to signal now greater than ever.
  • Elevated compliance scrutiny—and the way it will drive vulnerability and motion.
  • The brand new scorching commodity within the advisor expertise pool—and why extra exercise is predicted amongst this group.
  • An acceleration of breakaways from RIAs—and why these unbiased advisors are the following “wave” of motion within the house.
  • The recognition of a number of affiliation fashions—and why that is anticipated to be one of many hottest development areas out there.
  • The expanded position of unbiased dealer sellers and unbiased platform corporations—and the way this growth will appeal to extra advisors to the unbiased house.
  • A shake-up within the custodial house—and the way names like Goldman and others will present the cachet many elite advisors have been in search of.
  • The altering enchantment of banks—and the way that may additional shift motion.
  • And rather more for advisors and enterprise homeowners alike.

We count on that 2023 would be the yr that advisors take a step again and conceptualize not simply find out how to maximize the worth of their enterprise and annual compensation, however how that interprets into attaining their finest enterprise lives.

That’s, each advisor may have the chance to maximise their profession enterprise worth. Hear in and learn the way.

Obtain talked about within the episode: MaxCeV™: The right way to Maximize Your Profession Enterprise Worth

This method seeks to supply a course of by which an advisor can “calculate” the sum complete of 4 key components—to conceptualize what their profession enterprise worth actually is and find out how to obtain it.

Obtain a transcript of this episode…

Hearken to extra episodes of Mindy Diamond on Independence: A Podcast for Monetary Advisors Contemplating Change.



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