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In the News

Another Former Merrill Broker Makes His Way Back

Posted by Mindy Diamond

The Wall Street Journal

Mindy Diamond Quoted
By Michael Wursthorn

Another Merrill Lynch alumnus has returned to the Bank of America Corp. -owned brokerage, making him the latest “boomerang broker” among the four big Wall Street players.

“Most advisers see all of the wirehouses as interchangeable and, in large part, they are,” said Mindy Diamond, president of wealth-management recruitment firm Diamond Consultants in Morristown, N.J. “For sure there are differences between them, but at the end of the day, they are all big bureaucracies….So, if they are pretty much all the same, then if an adviser realizes that the firm he left wasn’t so bad after all, and he can get paid a transition package as incentive, why not do it?”

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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