Louis Diamond Quoted
By Jed Horowitz and Mason Braswell
Morgan Stanley said Monday that it is dropping out of the Protocol for Broker Recruiting that large firms signed more than a decade ago, underscoring what it calls its “commitment” to spend money on retaining experienced brokers and training new ones rather than hiring them from rivals.
“it’s likely a matter of time before the other major players do the same,” said Louis Diamond, a vice president at Diamond Consultants, a recruiting firm for brokers.
