Louis Diamond Quoted – By Sergei Klebnikov, Forbes – Still, many affluent clients already keep accounts at multiple financial institutions, observes Louis Diamond, president of Diamond Consultants, a New Jersey-based firm that works with advisors.
Louis Diamond Quoted – By Jennifer Lea Reed, Financial Advisor Magazine – Advisory firms serious about hiring in 2023 say they are offering equity to seasoned professionals, establishing a pipeline through a local college, and mining networks for interns and career switchers. The more successful firms are very proactive and intentional.
Louis Diamond Quoted – By Ian Wenik, CityWire – Even if a large bank comes in and purchases what’s left of SVB, and even if the wealth management business is part of that sale, its advisors and clients could still be up for grabs.
Louis Diamond Interviewed – By Chris Latham, WealthSolutionsReport.com – Diamond Consultants Releases Full Year 2022 Advisor Transition Report
Louis Diamond Interviewed – By Chris Latham, WealthSolutionsReport.com – Louis Diamond Of Diamond Consultants Discusses The Evolution Of His Family’s Business, Prevailing Recruitment And M&A Market Conditions, And Considerations For Financial Advisors Seeking To Join Or Sell Wealth Management Firms
For brothers Brent and Brad Chappell, Merrill was truly a family business, with roots dating back to 1984 when their father Robert first established a practice with the firm in The Woodlands, a suburb of Houston, TX.
By Andrew Welsch, Barron’s – A Merrill Lynch team that managed nearly $1.5 billion in assets and has longstanding ties to the wirehouse left to launch an independent practice with Sanctuary Wealth.
Louis Diamond Quoted – By Diana Britton, WealthManagement.com – Service platform NewEdge plans a pivot to acquisitions with a focus on buying the practices of younger, growth-hungry advisors who will then buy and manage firms of retiring advisors in their own regions.
Louis Diamond Quoted – Business Insider – Goldman Sachs, BlackRock, and BNY kicked off 2023 with layoffs affecting as many as 5,000 workers.
By Louis Diamond, Barrons’s – A process by which advisors can assess what is “really” portable when considering a move.