Louis Diamond, Author at Diamond Consultants: Financial Advisor Recruiting Firm

About Louis Diamond

President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

The One Thing Advisors Need to Know Before Going Indie

Louis Diamond Quoted – By Andrew Welsch, Barron’s – For more than a decade, a steady stream of advisors have quit their jobs at wirehouses and other big brokerage firms in order to open independent practices. A multitude of companies have since sprung up to offer so-called breakaway brokers support in making the transition from employee to owner. Today, there may be just as many ways for advisors to go independent as there are flavors at Baskin-Robbins.

To Score Eye-Popping Offers, Brokers Need the Right Business Mix and a Little Chutzpah, Recruiters Say

Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – As the recruiting wars intensify, seasoned advisors have opportunities to entertain multiple offers and engage in horse-trading to try and inflate signing bonuses, recruiters say. Firms hope to forecast the book’s future growth rate by looking at the client mix—a niche focus on dentists, for example, can help, according to Louis Diamond, a recruiter in Morristown, New Jersey.

RBC Recruits Father-Son Team From Merrill Lynch With $500M In Assets

By Jacqueline Sergeant, Financial Advisor Magazine – A longtime Merrill Lynch father-son team with $500 million in assets has left to join RBC Wealth Management in Chicago, according to a news release.

42-Year Merrill Lifer and Son Move Their $500-Mln AUM Team to RBC

By Miriam Rozen, AdvisorHub – RBC Wealth Management on Thursday nabbed a Chicago-area Merrill Lynch Wealth Management father-son team that managed more than $500 million in client assets, according to an RBC spokesperson.

JPMorgan is stepping up its fight to hold onto private bankers with an unusual move — going after a firm an ex-employee founded

Louis Diamond Quoted – By Hayley Cuccinello, Business Insider – Big banks often sue former wealth advisors to stop them from soliciting clients. JPMorgan is upping the ante by taking an RIA to court over its hires. “Private bankers work with a very small number of ultrawealthy individuals, which is the exact type of business that every firm is looking for,” said the executive recruiter Louis Diamond, who has previously recruited for both JPMorgan and Cresset.

UBS Polishes Offers for Private Bankers with Upfront Cash

Louis Diamond Quoted – By Miriam Rozen and Mason Braswell, AdvisorHub – UBS Wealth Management USA has recast its offers for private bank recruits as it looks to make its recruiting deals more attractive to the non-traditional hiring pool, according to two recruiters with knowledge of the firm’s deals. UBS’s willingness to put more money on the table upfront likely signals that its bank recruits have been paying off, said Louis Diamond, an industry recruiter in New Jersey.

Advisor Recruitment: The Bull and Bear Case for a Forgivable Loan

By Louis Diamond, Advisor Hub – An expanded landscape with more options than ever before has advisors wondering: “Should I go for the short-term windfall or bet on the long-term potential?” And there are good cases for both options.

Wirehouses Tweak Sunset Plans Amid Wave of FA Retirements

Louis Diamond Quoted – By Peter Rawlings, Financial Advisor IQ – Wirehouses have been sweetening their succession programs in a bid to keep as many client assets in-house as they can. The recent changes can be a boon to outgoing financial advisors, who can cash out at higher rates and to newer advisors who might get the chance to buy a book of business.

Episode 17 – Working as an Independent Advisor with Louis Diamond & Robert Sandrew [podcast]

Louis Diamond Interviewed – With Matt Ackerman and Rob Sandrew, Integrated Partners – Now, more than ever, advisors have options and opportunities to put them ahead of the competition. In this episode, Matt Ackermann is joined with Louis Diamond of Diamond Consultants and Robert Sandrew of Integrated Partners as they discuss the process of making the move to being an independent advisor.

Why One UBS Vet Split for Independence

Louis Diamond Mentioned – By Sam Del Rowe, Financial Advisor IQ – Registered investment advisor Robert Harris, a wirehouse veteran, believes being independent is better for advisors. Harris is a senior wealth advisor at Avidian Wealth Solutions, a Houston-based RIA firm. He spent 19 years with UBS before moving to Avidian in 2019.

Posts by Louis Diamond