• 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
    • Diamond Consultants Advisor Transition Report 2022
    • NEW – Edward Jones Advisor Transition Report 2022 edition
    • 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
    • Transition Announcements
  • Tools For Advisors
    • NEW – Diamond Consultants Advisor Transition Report 2022
    • NEW – Edward Jones Advisor Transition Report 2022 edition
    • 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...

    RBC hires former Russell Investments exec to head consulting unit

    RBC hires former Russell Investments exec to head consulting unit

    Howard Diamond Quoted – By James Thorne, OnWallStreet – RBC Wealth Management has been recruiting advisors at a frenzied pace, and now it’s looking to beef up support for those new hires. The regional firm has brought on Nate Angelo to head up its wealth management consulting unit, a division that helps to service RBC’s 1,800 advisors as they work with clients on goals-based planning needs.

    Edward Jones Revives Recruiting Effort Aimed at Women

    Edward Jones Revives Recruiting Effort Aimed at Women

    Howard Diamond Quoted – By Murray Coleman, Financial Advisor IQ – The numbers just don’t add up. Nearly 51% of the population is made up of women, according to the U.S. Census Bureau. And by some estimates females represent a majority of the $3 trillion-plus in generational wealth transfer expected to take place in coming years.

    Since banking scandal, Wells Fargo advisers with more than $19.2 billion in AUM leave firm

    Since banking scandal, Wells Fargo advisers with more than $19.2 billion in AUM leave firm

    Howard Diamond Quoted – By Bruce Kelly, InvestmentNews – It’s been almost a year since a banking scandal rocked Wells Fargo & Co., and its brokerage business has seen a steady stream of departures since, with InvestmentNews tracking 70 teams of advisers working with $19.2 billion in client assets leaving from last October through the end of June.

    LPL’s big National Planning Holdings buy is a high-stakes bet

    LPL’s big National Planning Holdings buy is a high-stakes bet

    Howard Diamond Quoted – By Tobias Salinger, Financial Planning – If LPL Financial retains about three-quarters of National Planning Holding’s business after its purchase of the 3,200-advisor network, CEO Dan Arnold will be happy.

    Contemplating “PREXIT”—What happens if firms exit the Protocol?

    Contemplating “PREXIT”—What happens if firms exit the Protocol?

    By Howard Diamond – Over the past few weeks, rumors have abounded that some wirehouse firms are contemplating an exit from the 13-year old arrangement that protects firms and advisors alike: Membership in the Protocol for Broker Recruiting (“Protocol”). What is the rationale for considering such a move and, more telling, what impact will it have on advisor recruiting?

    Wall Street talent poaching among brokers enters uneasy truce

    Wall Street talent poaching among brokers enters uneasy truce

    Howard Diamond Quoted – By Ben McLannahan, Financial Times – An age-old recruitment game on Wall Street it goes something like this. Broker A hires a team of financial advisers from Broker B. Broker A agrees some huge signing bonus: perhaps 21⁄2 times their gross fees and commissions over the previous 12 months, half delivered up front as a cash loan, forgivable over as many as nine years, with the rest contingent on hitting asset or revenue targets over that period. A few months later Broker B strikes back at Broker A, offering a package worth three times the gross revenues. And so on.

    Merrill Lynch’s move away from signing bonuses seen as risky

    Merrill Lynch’s move away from signing bonuses seen as risky

    Howard Diamond Quoted – By Greg Iacurci, InvestmentNews – Merrill Lynch is taking a big risk on the wealth management unit’s new adviser recruiting strategy — one that could pay off, but just as easily backfire. “The firm will be hard-pressed to have an adviser join them when there’s the ability of recruiting bonuses from other firms,” said Howard Diamond, chief operating officer and general counsel at Diamond Consultants Inc., a recruiting firm.

    6 Key Reasons Why IBD Advisors are Moving to the RIA World

    6 Key Reasons Why IBD Advisors are Moving to the RIA World

    By Howard Diamond – For IBD advisors who feel they may have outgrown the space, and asking themselves, “Is this still what’s best for my business and clients going forward?” there’s a real case to consider the next stage of independence.

    DOL Rule or Not, Fat Bonus Checks Fading into Sunset

    DOL Rule or Not, Fat Bonus Checks Fading into Sunset

    Howard Diamond Quoted – By Murray Coleman, Financial Advisor IQ – Juicy seven-digit bonus checks doled out by the likes of Merrill Lynch and Morgan Stanley might be a recruiting tactic that’s rapidly fading from the U.S. wealth management market. Indeed, industry experts are seeing upfront signing bonuses offered by big brokerages shrinking by as much as half of what they were less than a year ago.

    Another Pair of Merrill ‘Lifers’ in NYC Leave Over Retirement Account Changes

    Another Pair of Merrill ‘Lifers’ in NYC Leave Over Retirement Account Changes

    Howard Diamond Quoted – By Mason Braswell, AdvisorHub – With the window closing on their ability to offer commission-based retirement accounts at Merrill Lynch, a growing number of firm veterans are jumping to rivals with more liberal policies. “It’s the lifers who bled Merrill Lynch blue for years and years,” said Howard Diamond, a recruiter in Morristown, N.J. who was not involved in the moves. “It’s not their father’s Merrill Lynch anymore.”

    • 1
    • 2
    • 3
    • …
    • 6
    • 7

    Subscribe for Updates

    Get updated by email when a new article is added.


    Listen. Here. Now

    Recent News & Articles

    • From Cold-Calling to $500mm Breakaway: A Former Merrill Advisor’s Team-Based Approach to Growth
    • As Wealth Managers Move To Diversify Customers’ Idle Cash, SVB’s Own Advisors Head For Exits
    • Soul-searching wealth advisors ponder banking turmoil: Where do I want to work?
    • Financing Independence: A Lender’s Perspective on Breakaway Transitions, M&A and Succession
    • Winners and Losers: The Year that Was in the Wealth Management Recruiting Space
    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