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

Broker-dealer asset growth outpaces rival channels, Cerulli says

Posted by Louis Diamond

Investment News

Louis Diamond Quoted
By Bruce Kelly

It’s been a good year for broker-dealers, compared with rival channels.

The latest data from research and consulting firm Cerulli Associates found that national and regional B-Ds grew assets at a rate of 9.1% year-over-year, faster than all other adviser channels.

Louis Diamond, vice president of Diamond Consultants, said he wasn’t surprised at all by the strong growth at B-Ds.

“There’s a lot of headwinds facing the wirehouses now,” Mr. Diamond said. “There’s a general unhappiness with the bureaucracy, changing compensation structures and lack of control that advisers face. The response is to go to a regional brokerage firm.”

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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...

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