10 tips for consultants to conduct strategic due diligence


We talk a lot about the expanded industry landscape – and how a consultant ultimately has a lot more to consider than ever before.

Therefore, whether or not you are thinking of moving, it is of great value to do regular due diligence if you just want to familiarize yourself with a wide variety of options that probably weren’t available just a few years ago.

However, often there is added confusion with the option, making the potential feel more overwhelmed than enlightened for those who set out to explore.

We find, however, that in an organized due diligence – and taking strategic goals into account – many consultants often lose much more than just knowledge of the options available to them. These advisors also gain more clarity about their own goals.

Contrary to popular belief, performing due diligence does not have to result in consultants switching companies or models. When done correctly, the exercise can determine that you are indeed in the right place for their business. This enables them to do so with greater awareness and a renewed sense of engagement for both their customers and the business.

Louis Diamond joins this episode to break down 10 tips based on decades of experience guiding consultants through due diligence. A “checklist” that represents a strategic method with which you can avoid overload and make the most of your valuable time.

Listen – and download the worksheet below.

Download a transcript of this episode …

Listen to more episodes of Mindy Diamond on Independence:: A podcast for financial advisors who consider change.


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