Howard Diamond Quoted
By Matt Sonnen
Howard Diamond of Diamond Consultants declared it the “most hectic week” they have ever experienced, and they’ve been leading the wirehouse recruiting game for over 15 years.
According to new interpretation by the DOL, wirehouses will no longer be allowed to offer back-end loaded deals to entice advisors and teams to jump ship at one wirehouse to join another. Howard declared this “the end of the world as we know it” in his recent article for RIABiz.