• Home: Leading Financial Advisor Recruiting Firm
  • About Us
    • Meet the Team
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
  • FAQs
  • Articles
  • Podcast
    • Industry Update
    • Independence 101 Series
  • In the News
    • Moves in the News
  • Tools for Advisors
    • 2022 Advisor Transition Report
    • Merrill Information Hub
    • UBS Information Hub
  • Contact Us
  • Subscribe for Updates

Questions? Call us: 908-879-1002

Contact us...
Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
  • Home
  • About
    • Meet the Team
      • Mindy Diamond
      • Louis Diamond
      • Howard Diamond
      • Jason Diamond
      • Barbara Herman
      • Deborah Aronson
      • Wendy Leung
      • Cathy Nichols
      • Debbie Wallen
      • Allison Brunwasser
      • Joshua Tomolak
      • Shelley Muzio
      • Caryl Felicetta
      • Donna Riopel
      • Kelly Griffiths
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
      • Sell-Side M&A Advisory
      • Consulting
  • FAQs
  • Articles
    • Subscribe for Updates
  • Podcast
    • Industry Update
    • Independence 101 Series
    • Subscribe for Updates
  • In the News
    • Moves in the News
  • Tools For Advisors
    • 2022 Advisor Transition Report
    • Merrill Information Hub
    • UBS Information Hub
    • Other Tools
    • Subscribe to e-Newsletter

Posts by Howard Diamond

About Howard Diamond

Chief Operating Officer and General Counsel – A legal and business background combined with over a decade of experience in the wealth advisory space. Already a successful lawyer and litigator, the growth of Diamond Consultants presented a new career opportunity for Howard in 2005. Learn more...

    Behave Yourself this Weekend: Your Firm Is Watching

    Behave Yourself this Weekend: Your Firm Is Watching

    Howard Diamond Quoted – AdvisorHub – The issue came up, only half facetiously, at Finra’s annual conference in Washington last week during a wide-ranging discussion of what broker-dealers can do to fend off regulatory criticism and enforcement action for hiring rogue brokers and failing to supervise bad behavior.

    Trouble Might be Brewing for Custom Loans to Wealthy Clients

    Trouble Might be Brewing for Custom Loans to Wealthy Clients

    Howard Diamond Quoted – By Miriam Rosen, Financial Advisor IQ – Custom loans to financial advisors’ high net worth clients bolster the bottom lines of broker-dealers’ parent companies.

    Big Brokers Rebuild After Compliance Flaps at Goldman, Morgan Stanley

    Big Brokers Rebuild After Compliance Flaps at Goldman, Morgan Stanley

    Howard Diamond Quoted – By Thomas Coyle, AdvisorHub – A career Goldman Sachs broker and a former Morgan Stanley duo who left earlier this summer after allegations they ran afoul of compliance rules are re-emerging as independent investment advisers.

    How Raymond James is Knocking Recruitment Out of the Park

    How Raymond James is Knocking Recruitment Out of the Park

    Howard Diamond Quoted – By Miriam Rozen, Financial Advisor IQ – News surfaced recently that a New York-based team with four senior brokers and more than $1 billion in client assets jumped in late June from Wells Fargo Advisors to Raymond James’ employee channel.

    Are Morgan Stanley and Merrill Lynch Exploring a Broker Protocol 2.0?

    Are Morgan Stanley and Merrill Lynch Exploring a Broker Protocol 2.0?

    Howard Diamond Quoted – By Miriam Rozen, Financial Advisor IQ – 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.

    Simpler Series 7s (and Fresh Industry Talent?) Are Almost Upon Us

    Simpler Series 7s (and Fresh Industry Talent?) Are Almost Upon Us

    Howard Diamond Quoted – By Miriam Rozen, Financial Advisor IQ – In less than two months — on Oct.1 — when Finra is scheduled to launch its new streamlined competency exams, get ready for a dramatic change. For the first time in the history of the industry self-regulator, anyone more than 18 years old — including students and aspiring broker-dealer representatives, even if they have not yet been hired by financial firms — may take a Finra entrance exam. No firm affiliation is necessary.

    Looking Forward to Get Beyond the Past

    Looking Forward to Get Beyond the Past

    By Howard Diamond – Many tenured advisors possess a similar trait: They view the past through a strong pair of “rose-colored glasses.” When they think about their current firm, or potentially a new one, there is an expression of longing for “what was”—essentially, a place that no longer exists. Storied names of Wall Street past – such as E.F. Hutton, PaineWebber, A.G. Edwards, Advest, Lehman Brothers, Piper Jaffray, and Salomon Brothers, just to name a few – typically elicit nostalgic smiles and reminiscences of “the good old days.” 

    Morgan Stanley nixes protocol pact, blocking brokers’ exits

    Morgan Stanley nixes protocol pact, blocking brokers’ exits

    Howard Diamond Quoted – By John Aidan Byrne, New York Post – Morgan Stanley has locked the gates to keep its high-priced wealth management brokers from fleeing. The new edict — breaking with a 13-year-old agreement known as the Protocol for Broker Recruiting — enacted on Nov. 3 means the bank will threaten wealth management pros with costly litigation if they bolt for a rival brokerage.

    RBC Wealth Management on recruiting roll

    RBC Wealth Management on recruiting roll

    Howard Diamond Quoted – By Bruce Kelly, Investment News – RBC Wealth Management is on a recruiting tear in 2017, as its recruiting bonus remains one of the most attractive on Wall Street, according to industry sources. “In the last year, as the wirehouses have pulled back on deals, RBC has not,” said Howard Diamond, chief operating officer and general counsel for Diamond Consultants, an industry recruiter. RBC is a client of Diamond Consultants, he said.

    Morgan Stanley dumps broker recruiting protocol

    Morgan Stanley dumps broker recruiting protocol

    Howard Diamond Quoted – By Bruce Kelly, InvestmentNews – Morgan Stanley’s decision to leave an industry agreement known as the protocol for broker recruiting is an indication that the firm is working harder than ever to prevent its brokers from jumping ship, industry sources said. One veteran adviser wondered whether a non-solicit agreement could be applied to existing accounts or only to new clients. “Would that be supported for accounts retroactively or newly opened,” asked the adviser, who requested to speak anonymously. He added that he had not seen anything in writing from the company about a new non-solicit agreement.

    • 1
    • 2
    • …
    • 6
    • 7

    Subscribe for Updates

    Get updated by email when a new article is added.


    Listen. Here. Now

    Recent News & Articles

    • Finding Your Unfair Advantage: David Canter on Bluespring, M&A, RIAs, and more
    • RIA Recruiting: Here’s What Advisors Want from a Firm
    • Everything You Need to Know About Independence: An Industry Update
    • Wall Street’s Still Hiring: Here’s where 14 recruiters say the jobs are, from multi-strategyhedge funds to fintechs
    • Realistic Measures: Identifying What’s Portable and What’s Not
    Schedule a Complimentary Consultation
    We're available to answer your questions. Contact us

    Connect with us

    Search

    © 2023 · Diamond Financial Consultants, LLC t/a Diamond Consultants. All rights reserved.*

    • Leading Financial Advisor Recruiting Firm:
    • About
    • Services
    • FAQs
    • Articles
    • Podcast
    • News/Media
    • Tools/Resources
    • Contact
    • Our Locations
    • Privacy Policy
    • Site Map