Episode 4

In this episode we explore some of the hottest topics in wealth management today with Mindy Diamond, President & CEO of Diamond Consultants.

Mindy shares her unique perspective and experience on:

How & when did independence become mainstream — what fostered that change

How the independent landscape expanded — Big firms became bank owned & what was the outcome of this.

What are the main pain points seen by advisors today — what was the outcome of this and how did it impact the advisor

What was the role of technology — how did technology change the advisor’s perspectives

Mindy talks extensively about the future of wealth management and how to start and grow a business in the future.

It’s an episode that covers a great deal of ground – solid information for any advisor who is looking to gather insight on the changes in the landscape and use that knowledge to take their business to the next level.

Listen to additional episodes in this series

 

About Mindy Diamond

Mindy started Diamond Consultants in 1998 and developed it into one of the leading consulting and recruiting firms for financial advisors in the country.

Considered by the industry as one of the top thought-leaders, Mindy is regularly quoted by national media outlets such as the Wall Street Journal, New York Times and CNBC, as well as industry publications including On Wall Street, Financial Advisor magazine, Investment News, and RIABiz.  Her appearance schedule includes webinars and keynotes at many of the industry’s top events, such as RIA Institute Forums, Pershing’s INSITE, Fidelity Executive Forum, InvestmentNews Roundtable, Fidelity Investments Practice Management and Recruiters Summit, MarketCounsel Summit, InvestinWomen, and Women Advisors Forum.

Mindy recently released an educational podcast series for financial advisors considering the independent model. “Mindy Diamond on Independence” is available on this website, as well as iTunes, Google Play, and other media outlets.

Among her accolades, she was named by NJBIZ magazine as one of New Jersey’s Best 50 Women in Business.

Mindy holds a Bachelor of Accountancy degree from George Washington University.

 

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In this episode we explore some of the hottest topics in wealth management today with Shirl Penney, President & CEO of Dynasty Financial Partners.

Shirl shares his unique perspective and experience on:

Advisor and asset migration to independence – where he sees it going and what is his forward looking view on asset flows.

Capital coming online for wealth managers across the industry

Concerned about competition? –  what are people doing that are particularly disruptive in the industry?

Younger listeners – growth in the space and what you can do to grow and excel in the industry.

 

Shirl talks extensively about the present & future of wealth management, the alarming decline in number of advisors, and how to start and grow a business in the future.

It’s an episode that covers a great deal of ground – solid information for any advisor who is looking to gather insight on the changes in the landscape and use that knowledge to take their business to the next level.

 

Listen to additional episodes in this series

 

About Shirl Penney

Shirl Penney is the founder of Dynasty Financial Partners. He currently serves as President and CEO of Dynasty and is a member of the Board of Directors. Dynasty is a leading integrated platform services company for independent wealth management advisory firms. Dynasty has received many industry awards and recognition for its impact on the wealth management industry since its launch in 2010. Shirl is a frequent speaker at industry events, often quoted in various financial publications, and was named to Investment News’ 2015 list of 40 most influential people in wealth management under the age of 40. Shirl was also named to the 2016 inaugural list of Icons and Innovators in wealth management by Investment News.

Prior to Dynasty, Shirl worked at Citi Smith Barney in various leadership roles including director of private wealth management and head of executive financial services.

He is from Eastport, Maine, a graduate of Bates College in Lewiston, Maine, and currently lives in Saratoga Springs, New York with his wife Mary Ann and his two daughters. Shirl and his wife are active in various charitable causes with a focus on education, poverty, ALS, and veteran services.

Shirl is a Fellow of the inaugural class of the Finance Leaders Fellowship and a member of the Aspen Global Leadership Network.

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In this episode, we explore some of the hottest topics in wealth management today with Penny Pennington, Managing Partner of Edward Jones and its 18,500 Financial Advisors.

Penny shares her unique perspective and experience on:

Technology and innovation, and how Edward Jones will handle the commoditization risk of Fintech, and enable Advisors to meet the future.

Growth of Edward Jones – how they hire advisors one at a time. 

How to understand what’s most important to clients – how to help them build a strategy and then partner up with them for life to help keep them on track.

What financial advisors need to do to provide value today to compete successfully, and serve their clients.

Penny talks extensively about the future of wealth management, the alarming decline in number of advisors, and how to start and grow a business in the future.

It’s an episode that covers a great deal of ground – solid information for any advisor who is looking to gather insight on the changes in the landscape and use that knowledge to take their business to the next level.

 

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ABOUT PENNY PENNINGTON

Penny Pennington is the Managing Partner of Edward Jones, a Fortune 500 financial services firm. As sixth managing partner in the firm’s 97-year history, Penny is responsible for the firm’s strategic direction, working together with more than 47,000 associates across North America to make a meaningful difference in the lives of more than 7 million clients by helping them financially achieve their most important goals. She was recently named No. 45 in her first appearance on the Fortune Most Powerful Women in Business list.

Penny began her Edward Jones career in 2000 as a financial advisor in Livonia, Mich. In 2006, she was named a principal and relocated to the firm’s St. Louis headquarters where she held leadership roles in New Financial Advisor Training, Branch Office Administrator Development and Branch and Region Development before leading the Client Strategies Group in 2015. Penny is a senior executive sponsor of the firm’s LGBT+ & Allies Business Resource Group.

Penny earned a bachelor’s degree in commerce with a concentration in finance from the University of Virginia and an MBA from Kellogg School of Management at Northwestern University. She is a graduate of Wharton’s Securities Industry Institute and holds the Chartered Financial Analyst® designation.

A native of Nashville, Tenn., Penny now calls St. Louis home after relocating from Livonia 13 years ago with her husband, Mike Fidler, and two children. She is an active member of the St. Louis community serving on the boards of the Shakespeare Festival St. Louis, Donald Danforth Plant Science Center, Saint Louis Fashion Fund, and Whitaker Foundation, serves on the Catalyst board of directors and actively champions Edward Jones’ national presenting sponsorship with the Alzheimer’s Association.

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In this episode of the series – our 1st episode – we explore some of the hottest topics in wealth management today with Ron Kruszewski, Chairman & CEO of Stifel.

Ron shares his unique perspective and experience on:

How technology is changing the Industry – worries & concerns – Technology moving in areas that are the commoditize portions of the business.

How the technological evolution will impact commissions for advisors

How should advisors adapt to B-1 

Do firm names even matter?

Capitalism is under attack in this country – worries & concerns.

 

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About Ronald J. Kruszewski

Chairman of the Board of Directors and Chief Executive Officer of Stifel Financial Corp.

Ronald J. Kruszewski is Chairman of the Board and Chief Executive Officer of Stifel Financial Corp. and its principal subsidiary, Stifel, Nicolaus & Company, Incorporated. He joined the firm as Chief Executive Officer in 1997 and was named Chairman in 2001.

Mr. Kruszewski is the current Chairman of the American Securities Association (ASA) and serves on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA). In 2019, he was appointed by the St. Louis Federal Reserve Board of Directors to serve a sixth consecutive one-year term on the Federal Advisory Council. Additionally, he serves on the Board of Trustees for Saint Louis University and the U.S. Ski and Snowboard Team Foundation.

Active in community affairs, Mr. Kruszewski serves as Chairman of Downtown Now! and is a member of the Board of Directors of the St. Louis Regional Chamber. He is also past Chairman of the Board of Directors of Downtown STL, Inc. and past non-executive Chairman of the Board of Directors of Angelica Corporation. Mr. Kruszewski is a member of the Regional Business Council in St. Louis and of the St. Louis Chapter of the World Presidents’ Organization. In 2018, he won the Horatio Alger Award and was selected for membership in the Horatio Alger Association of Distinguished Americans, which honors individuals who have overcome adversity to achieve success and who have demonstrated commitment to higher education and charitable endeavors.

 

 

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