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Fast 50

Fastest 50: Diamond State Financial Group

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Diamond State Financial Group
Location: Newark


We believe in the power of personal relationships. We are committed to helping our clients make the right financial choices in order to establish a solid foundation for today and a clear vision for the future. We provide our clients financial plans, and our advisers are fully licensed to sell securities, investment advisory services, and insurance products. After our merger with Wechsler Marsico Simpson, we became the 7th largest within the Securian Financial Services Network.

What have been the biggest factors that contributed to your company’s growth over the past three years?
The biggest factors that have contributed to our growth can be attributed to four things: the merger with Wechsler Marsico Simpson, focusing on results, our people, and the need in the marketplace for clear financial advice.

What have been the biggest obstacles your company has faced over the past three years, and how did you overcome them?
Hiring good people fast enough. To overcome this obstacle, we decided to hire another recruiter to assist with this task.

Looking back, what’s the biggest mistake you made and what would you do differently if you could?
We should have hired a second recruiter years earlier.

What is the most valuable lesson you’ve learned over the past three years?
The most valuable lesson we’ve learned is you can never have enough good people. Even in a “tight” labor market, we are adding very talented professionals to our firm.

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