• 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 Louis Diamond

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...

    Wirehouse training programs are back

    Wirehouse training programs are back

    Louis Diamond Quoted – By Bruce Kelly, Investment News – At one time, major brokerage houses ran large, expensive training programs for thousands of young brokers, and now it looks as if they are about to return to that model.

    After self-inflicted punishment, Bank of America seems to reverse bonus policy to steady Merrill Lynch ship

    After self-inflicted punishment, Bank of America seems to reverse bonus policy to steady Merrill Lynch ship

    Louis Diamond Quoted – By Lisa Shidler, RIABiz – Merrill Lynch & Co. quietly reversed its decision to slash recruiting bonuses after an intense backlash made the move untenable. Still, there were tea leaves of a different contour for Merrill Lynch execs to read, according to Louis Diamond, a recruiter for Diamond Consultants.

    Merrill Lynch’s second act for RIA reinvention is revealed but may yield ‘field day’ for classic RIAs in the short term

    Merrill Lynch’s second act for RIA reinvention is revealed but may yield ‘field day’ for classic RIAs in the short term

    Howard Diamond and Louis Diamond Quoted – By Lisa Shidler, RIABiz – Bank of America made the second major move of an emerging master plan to recast Merrill Lynch as more of a bank subsidiary and less of a renegade satellite.

    RBC, Others To Capitalize On Merrill’s Aversion To Big Recruitment Bonuses

    RBC, Others To Capitalize On Merrill’s Aversion To Big Recruitment Bonuses

    Louis Diamond Quoted – By Michael Thrasher, WealthManagement.com – Merrill Lynch’s decision to temporarily cease offering large recruitment signing bonuses was serendipitous news to smaller brokerages, as a number of them planned to do just the opposite this year. One brokerage in particular is standing out, according to Louis Diamond, the vice president of financial advisor recruiting firm Diamond Consultants. This year, the number advisors recruited by RBC Wealth Management U.S. has been “far above” the rest, Diamond said.

    Practical Math: Understanding the Economic Value of Recruiting Deals

    Practical Math: Understanding the Economic Value of Recruiting Deals

    By Louis Diamond – Second of a series on advisor transition and transition deals: Analyzing transition packages attached to big firm moves and the components of these deals to help answer a burning question for many advisors: “What is the best deal on the Street?”

    Spark growth by adopting top-to-bottom segmentation strategies

    Spark growth by adopting top-to-bottom segmentation strategies

    Louis Diamond Quoted – By Bruce W. Fraser, Financial Planning – Advisory firms are trying to figure out how to leverage their networks and technology to profitably expand their client bases.

    To build a successful practice, start with the future in mind

    To build a successful practice, start with the future in mind

    Louis Diamond Quoted – By Bruce W. Fraser, Financial Planning – One way to build an advisory practice is to re-imagine what the firm will look like in one, three and five years, and plan for those goals. A slight variation on this strategy is to look at the business through the eyes of a possible future acquirer, says Louis Diamond, vice president and senior consultant at Diamond Consultants in Morristown, New Jersey.

    What’s the Fiduciary Rule’s Effect on Compensation?

    What’s the Fiduciary Rule’s Effect on Compensation?

    Louis Diamond Quoted – Financial Advisor IQ – The Department of Labor’s fiduciary rule has certainly put a damper on broker recruitment deals, but it’s unclear whether wirehouses can keep them down, according to WealthManagement.com. The DOL took no issue with the size of the incentive deals, however, but only with the back-end compensation, Louis Diamond, vice president of recruiting firm Diamond Consultants, tells the web publication. Rather, the wirehouses took the opportunity to lower the bonuses, he says.

    Will Depressed Pay Packages for Advisors Recover?

    Will Depressed Pay Packages for Advisors Recover?

    Louis Diamond Quoted – By Michael Thrasher, WealthManagement.com – Wirehouse compensation packages have remained low in 2017 and left some in wealth management wondering if recent changes to incentives are the new normal. “All the major firms blame the DOL on restructuring the recruiting deals,” said Louis Diamond, the vice president of Diamond Consultants, a recruiting firm that works with financial advisors. But he said it was clear the DOL’s issue was with back-end compensation schemes that were based on performance, and not the size of the compensation packages. “I think the firms saw it as an opportunity to bring down the bonuses,” he said.

    One effluent of Ron Carson’s self-extrication from LPL after 27 years was that his firm disclosed the use of forgivable loans to the SEC

    One effluent of Ron Carson’s self-extrication from LPL after 27 years was that his firm disclosed the use of forgivable loans to the SEC

    Louis Diamond Quoted – By Janice Kirkel, RIABiz – The deal that sent a chunk of Carson Wealth Management’s assets to Cetera Financial Group from LPL Financial elicited the disclosure of forgivable loans, a stigmatized practice at best. Ron Carson, CEO of Carson Wealth, makes a strong statement in response to a reporter’s query of the mention of “forgivable loans” in the ADV filed on Jan. 25 by his firm.

    • 1
    • 2
    • …
    • 31
    • 32
    • 33
    • 34

    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