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

Breakaway broker deals a drag on M&A activity in third quarter

Posted by Mindy Diamond

Investment News

Mindy Diamond Quoted
By Jeff Benjamin

A recent slowdown in the pace of reps leaving brokerage firms is seen as largely responsible for the sudden dip in merger and acquisition activity in the advisory space, according to the latest report from DeVoe & Co.

The question now, is whether a wirehouse trend away from broker protocol will spark a fresh surge in breakaway activity.

Mindy Diamond, president of the recruiting firm Diamond Consultants, believes the potential for more firms abandoning protocol “absolutely will drive breakaway movement.”

The protocol trend “shows firms are looking to further marginalize reps and take away more control,” she added.

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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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