Are Morgan Stanley and Merrill Lynch Exploring a Broker Protocol 2.0?
Howard Diamond Quoted
By Miriam Rozen
For the majority of Peter Sargent’s 25-year financial advisory career, he has worked at wirehouses belonging to the Protocol for Broker Recruiting Agreement. No surprise, then, that Sargent vigorously extols the virtues of what once ranked as the industry-wide keep-the-peace pact.
“What if they came up with a new Protocol?” proposes Howard Diamond, the chief operating officer and general counsel of Diamond Consultants, a New York-based recruiting firm.