The six traits that separate successful independents from wirehouse denizens
Mindy Diamond's advice on how to see the realistic reflection in the mirror.
![Jeff Spears](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D01ce9081f21ab9f9edeb90d083e2d435%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Jeff Spears
The only items I would add to Mindy’s good lists are:
Traits of a successful breakaway:
Desire to build your own unique investment advisory solution that is more sophisticated and current than the larger wirehouses will allow.
15 year+ business time horizon (not ready to retire)
Who should stay at a wirehouse:
Advisor who generates more than 40% of their revenues from syndicate, derivatives and brokerage
Advisor looking to retire in 9 years who plans to sell their business one last time and use the proceeds to fund their retirement
Diamond Consultants
Recruiter
Top Executive: Mindy Diamond