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How the Luminous deal is rocking the recruiting world -- and may set the stage for more fireworks

The former Merrill stars effected an outsized cash deal with First Republic, proving that independence can have monetary rewards to match the psychic ones

Author Guest Columnist Mindy Diamond November 8, 2012 at 4:39 AM
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Mindy Diamond says the Luminous deal shows that the potential payday of selling an RIA far exceeds the transition packages paid by wirehouses and other firms.

Brian Lauzon

Brian Lauzon

November 8, 2012 — 2:50 PM

Great perspectives on immediate vs. delayed rewards. Private equity (or strategic) investors will always place a premium on high-quality, well-managed firms with growing and recurring cash flows. And with these in place, they will also be willing to take more risk up front.


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Mentioned in this article:

Dynasty Financial Partners LLC
Specialized Breakaway Service, Mergers and Acquisition Firm, RIA Set-up Firm
Top Executive: Shirl Penney



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