Diamond Consultants

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Diamond Consultants A financial services recruiting & consulting firm that helps advisors at traditional brokerage & ind We are skilled negotiators and deal makers.

Objective guidance combined with expertise that’s unmatched in the financial services landscape: That’s the cornerstone of what we do at Diamond Consultants. Financial advisors, independent business owners and financial services firms alike consider Diamond Consultants their “go to” source for help in distilling an ever-changing industry landscape. That means guiding them through the processes of recruitment, mergers and acquisitions, and succession planning with a key focus in mind: to serve as sounding board and trusted partner for the next stage of their business lives. As one of the leading financial advisor recruiting firms, we’re known for helping advisors like you to achieve their best business lives. We objectively view your business from all angles to gain an understanding of important issues and frustrations, and ask provocative questions—the most pivotal being, “What impact are your frustrations having on your ability to serve your clients and grow your business?” The answer to that question determines when a change should be considered. If you’re ready to make a change, or simply curious, we provide unparalleled access to the universe of opportunities and customize the solution to your individual needs. Our guidance is confidential, and without obligation or cost, making us the ideal objective and trusted partner. We invite you to contact us at 908-879-1002 or visit our website for more information.

Meet Nate Spencer, Consultant at Diamond Consultants.With a background in M&A, Nate brings a unique lens to his work wit...
10/20/2026

Meet Nate Spencer, Consultant at Diamond Consultants.

With a background in M&A, Nate brings a unique lens to his work with advisors: He’s always thinking about the business they’re building and its long-term enterprise value.

Just as important, he believes advisors should have someone sitting on their side of the table, advocating for them throughout the process.

Get to know Nate and the unique perspective his M&A background brings to his work with advisors.

▶️ https://hubs.ly/Q04zdsFg0

They left UBS with no client information and zero assets at their new firm.225 days later, Ox Road Capital crossed $1B i...
10/16/2026

They left UBS with no client information and zero assets at their new firm.

225 days later, Ox Road Capital crossed $1B in AUM.

But the story behind that remarkable transition began years earlier.

Michael Lee, Steve Armaly, and their partners had built a successful $1.2B business at UBS. Yet as their vision evolved, they began to question whether the employee model could support the enterprise they wanted to build.

The decision to leave wasn't easy. Four partners had to get aligned, significant recruiting economics were on the table, and moving from a non-Protocol firm brought additional challenges.

In this episode, Michael and Steve join Mindy Diamond to share what ultimately led them to independence, why they chose LPL Strategic Wealth Services, and how years of client trust helped make their transition possible.

It's a conversation about partnership, ownership, and the value of relationships built over decades.

Listen here: https://hubs.ly/Q04BrGHD0

Successful partnerships are built on alignment. But that alignment can change over time.For financial advisor teams, dif...
10/13/2026

Successful partnerships are built on alignment. But that alignment can change over time.

For financial advisor teams, different career horizons, ambitions, and appetites for risk can eventually lead partners to envision different futures—even when the business is thriving and the partnership itself remains strong.

That doesn’t necessarily mean the team should separate or that a move is the answer.

It does mean the differences are worth acknowledging.

In her latest article, Mindy Diamond explores what happens when one partner begins to want something more or simply different, why those conversations can be so difficult, and what advisors should consider before deciding what comes next.

Because sometimes the most important question isn’t whether the partnership still works.

It’s whether it still works for where everyone wants to go next.

Read: When the Partnership Still Works, But One Partner Wants More
https://hubs.ly/Q04zZhnR0

Meet Wendy Leung, Senior Consultant at Diamond Consultants.When advisors are considering change, there can be a lot of v...
10/13/2026

Meet Wendy Leung, Senior Consultant at Diamond Consultants.

When advisors are considering change, there can be a lot of voices competing for their attention. Wendy sees her role differently: Be the objective advocate who helps cut through the noise and determine what’s truly best for the advisor.

Get to know Wendy and hear how she helps advisors cut through the noise and find clarity.

▶️ https://hubs.ly/Q04zdszV0

46% chose independence. Just 24% moved to another wirehouse.Those numbers tell part of the story of wirehouse advisor mo...
10/08/2026

46% chose independence. Just 24% moved to another wirehouse.

Those numbers tell part of the story of wirehouse advisor movement in the first half of 2026. But perhaps the bigger story is just how many options advisors now have.

More than 200 firms recruited at least one wirehouse advisor during the first six months of the year.
In this special Industry Update, Louis Diamond and Jason Diamond dig into the findings from our new 2026 H1 Advisor Transition Report: Wirehouse-Focused Edition and explore what the data reveals about where advisors are going, what’s driving their decisions, and how the competitive landscape is changing.

Listen to the episode and explore the data behind the conversation:
https://hubs.ly/Q04zD5ml0

Barbara Herman has been part of Diamond Consultants since its early days, when the idea of advocating for advisors rathe...
10/06/2026

Barbara Herman has been part of Diamond Consultants since its early days, when the idea of advocating for advisors rather than recruiting on behalf of firms was still something new.

Today, as a Senior Consultant, she approaches that work much the way advisors approach their own clients: with care, objectivity and an understanding of just how important these decisions can be, both professionally and personally.

Get to know Barb and why advocating for advisors has been at the heart of her work at Diamond Consultants: https://hubs.ly/Q04zdlGX0

Three advisors. One starting point. Three very different paths forward.Each had spent more than a decade at Edward Jones...
09/29/2026

Three advisors. One starting point. Three very different paths forward.

Each had spent more than a decade at Edward Jones and built a successful practice. But when they began exploring what might come next, they weren’t trying to solve for the same thing.

One wanted greater autonomy and equity without giving up infrastructure and community.
Another wanted the flexibility to build a larger enterprise around his own brand.

The third wanted the collaboration and continuity that comes with a team.

Their destinations – Steward Partners, LPL Financial, and Raymond James – were different because their objectives were different.

And that’s the larger lesson.

It can be tempting to begin an exploration by asking where other advisors are going. But familiarity isn’t necessarily the best guide to what comes next.

A more useful starting point: What are you trying to accomplish?

Allie Brunwasser shares the stories of three Edward Jones advisors whose very different transitions demonstrate why defining the objective should come before choosing the destination.

Read it here: https://hubs.ly/Q04yyQpd0

What does it take to turn a $600mm breakaway into a $10.5B wealth management enterprise?For David Bahnsen and The Bahnse...
09/24/2026

What does it take to turn a $600mm breakaway into a $10.5B wealth management enterprise?

For David Bahnsen and The Bahnsen Group, the answer wasn’t acquisitions. Virtually all of that growth was organic.

It came from building an authentic content and thought leadership engine, continually reinvesting in people and capabilities, expanding the client experience, and being deliberate about what the firm should own versus what was better outsourced.

It also meant resisting a temptation familiar to many successful business owners: maximizing current income at the expense of investing for future growth.

Now, more than a decade after breaking away from Morgan Stanley, David is entering another chapter: selling The Bahnsen Group to longtime partner Hightower while maintaining significant autonomy over the business he built.

In the latest episode of our Build, Grow & Transact series, David joins Louis Diamond to discuss the decisions behind the firm’s growth, why enterprise value requires playing the long game, and how he’s thinking about organic and inorganic growth in the years ahead.

It’s a rare look at the complete arc from breakaway to business builder to transaction and the choices made along the way.

Listen in here: https://hubs.ly/Q04ycwnL0

Independence has created extraordinary opportunities for financial advisors.But does that mean every successful advisor ...
09/22/2026

Independence has created extraordinary opportunities for financial advisors.
But does that mean every successful advisor should pursue it?

Not necessarily.

In his latest article, Jason Diamond looks at the other side of the independence conversation: 7 reasons why an advisor may be better served by a traditional firm.

Because the goal isn’t independence for independence’s sake. It’s finding the model that best supports your clients, your business, your team, and the career you want to build.

Read more: https://hubs.ly/Q04y3yYn0

Growth is a goal for nearly every advisory firm. But pursuing more opportunities requires something advisors have in lim...
09/17/2026

Growth is a goal for nearly every advisory firm. But pursuing more opportunities requires something advisors have in limited supply: time.

That makes capacity an increasingly important part of the growth equation.

In our latest podcast, AssetMark CEO and President Michael Kim shares the perspective he’s gained from working with thousands of independent financial advisors—and why the firms that grow most successfully tend to be intentional about where their advisors spend their time.

That means looking critically at what should remain on the advisor’s plate and what can be outsourced, delegated, or increasingly handled with the help of technology and AI.

Because as client expectations evolve, the advisor’s highest-value work is evolving, too.

Portfolio management is just one part of a much broader relationship that can include tax planning, wealth transfer, estate planning, business decisions, and the deeply personal conversations surrounding a client’s wealth.

As Michael puts it: “Advisors can do anything. They can’t do everything.”

It’s a practical discussion about organic growth, outsourcing, AI, scale, and how greater capacity can ultimately create room for a better client experience.

Listen here: https://hubs.ly/Q04xG7DK0

Address

51 John F Kennedy Parkway, First Floor West, Suite 124
Morristown, NJ
07078

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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