The Diamond Podcast for Financial Advisors: Merrill Breakaways


Advisors considering the move to independence often share their concerns about leaving behind the culture, community, and support they've grown accustomed to in the wired world.

And that's totally worth it.

While many advisors are vocal about the lack of freedom and control at large firms, there are still many positives – like having a well-known brand with a seemingly endless budget behind you and the ability to build a solid foundation for success .

On the other hand, there are those who have made the break of independence and share that life outside the walls of wires is very amazing.

For this special episode, we invited three such breakout advisors who built incredible freelance businesses to discuss how they did it. That is, to offer their trade secrets to create businesses that combined the best of the home they grew up in with the freedom and control they were seeking.

Former Merrill advisors Michael Henley, founder and CEO of $1.6 billion Brandywine Oak Private Wealth, Matt Liebman, CEO of $1.5 billion Amplius Wealth Advisors, and Jerry Davidse, CEO of $500 million Presilium Private Wealth, join the journey theirs at Louis Diamond. including:

  • The changes they saw at Merrill—and how each influenced their decisions to open their own firms.
  • Leaving Merrill – and the obstacles they hit on their journey.
  • Their home-grown community – and how this group of like-minded business owners fills the void of what they might be missing from the e-home, including camaraderie and collegial support.
  • The single most impactful process or tactic they've used—and how it impacted growth.
  • Plus much more—including the Founder's Project segment.


It's an episode that shares different perspectives with a common goal: To do what's best for their customers and business life. Available in audio and video—so be sure to listen or watch.

Download a transcript of this episode…

Listen to more episodes of the Diamond Podcast for Financial Advisors: Insights into Advisor Transitions, Independence and Growth



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