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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

The backstory of how a Merrill UHNW team found love in the time of U-5 — but not with an RIA

Posted by Mindy Diamond

RIA Biz Financial Advisor News

Mindy Diamond Quoted
By Lisa Shidler

RIA custodians, independent broker-dealers and non-wirehouse full-service brokers alike gave Stephen S. Brown and James P. Goetz the benefit of the doubt as they looked for a place to land after Merrill Lynch gave them their walking papers on Sept. 9, allegedly for selling away to their Rochester, N.Y.-based clientele.

With their high-net-worth clientele, Brown and Goetz were a good “get” for Stifel, says Mindy Diamond, chief executive of Diamond Consultants in Chester, N.J.

“I don’t think Stifel has another $2.5 billion team. Their average producer is around $700,000 to a million in production and I presume this team wouldn’t have joined them if they hadn’t been terminated.”

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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