Mindy Diamond Quoted
By Greg Iacurci and Christine Idzelis
After months of silence, large brokerage firms are beginning to announce their strategies to comply with the Labor Department’s fiduciary rule.
“We’ve got Merrill and Morgan on the opposite sides of the spectrum,” said Mindy Diamond, president and CEO of recruiter Diamond Consultants Inc.
“Because the DOL left a lot of this up for interpretation, it’s not surprising that you have two big competitors opting for different conclusions,” she said. “Both are reacting to the new world order.”
