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Mindy Diamond | Dec 16, 2021
2021 was an extraordinary year for the wealth management industry. Despite the waning shadow of the pandemic, advisors set new trajectories on the revenue side, while creatively serving clients and managing their business lives.
Yet this success was set amidst a confluence of events that positioned advisors securely in the driver’s seat this year. On the one hand, brokerage firms have been slow to acknowledge just how frustrated many of their advisors are with the status quo.
While on the other, leaders outside of this world continued to pay close attention to what advisors value most – freedom, flexibility and control – and responded by creating exciting new firms and models that match advisors’ needs. The result was increased competition for top advisor talent that fueled a true “seller’s market” in 2021.
In an annual article for WealthManagement.com, we explored the seven trends of 2021 and their impact on the industry at large—as well as the foundation laid for the coming year.
So how do we expect this “seller’s market” to color the new year? There are 11 potential areas that are already showing strong signs for 2022.
In this episode we look at:
Plus, what we anticipate will be the driving theme of 2022.
Listen in for a glimpse on the future—and thoughts on how you can prepare for what lies ahead.
Download a transcript of this episode…
Listen to more episodes of Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change.
Mindy Diamond is CEO of Diamond Consultants in Morristown, N.J., a nationally recognized boutique search and consulting firm in the financial services industry.
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