Louis Diamond Quoted – By Brooke Southall, RIABiz – LPL Financial is ready to launch a full frontal assault on the cream of Wall Street – its biggest, happiest, highest-margin corner-office brokers– shedding a strategy that, for years, waged tactical war to peel away the big-brand’s small, disgruntled and marginalized traders.
Louis Diamond Quoted – By Julius Buchanan, WealthSolutionsReport.com – Many aspects of advisor recruitment are quantifiable through various measurements – assets can be tallied, future earnings projected, and technology inventoried and evaluated – but cultural fit remains a quality rather than quantity that is best identified by the eye of the beholder.
Louis Diamond Quoted – By Jeff Berman, ThinkAdvisor – The three wirehouse firms that have disclosed their 2024 advisor compensation plans seem to be paying attention to advisors’ concerns over recent pay issues, industry consultants say.
Jason Diamond Quoted – By Josh Welsh, InvestmentNews – Industry experts give their verdict on the wirehouse’s decision to replace its ‘growth grid’ with a ‘growth award.’
Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – Wirehouse brokers are almost always cynical about the changes their firms make to their compensation calculation each year, but Merrill Lynch’s 2024 plan appears to have garnered a relatively positive response.
Jason Diamond Quoted in FinancialPlanning.com, by Nathan Place – Back in January, we published a study predicting what 2023 would be like for wealth management. Now that the year is almost over, we can check how clear our crystal ball was — and as it turns out, it got a number of things right.
Louis Diamond Quoted – By Jennifer Lea Reed, FA-Mag.com – “Some firms surprisingly have no employment contracts and are very loose. There, the team can move whenever they want to,” says Louis Diamond, president of recruiting firm Diamond Consultants in Morristown, N.J., and a next-gen leader himself. “Others have a ridiculously aggressive employment agreement that takes their desire for control too far, and then you see everything in between.”
Louis Diamond Quoted – By Victoria Zhuang, Financial-Planning.com – Diamond said around half the advisors he sees leaving wirehouses in a given year choose to join another wirehouse, rather than leave the channel.
Louis Diamond Quoted – By Lisa Shidler, RIABiz – What they get right is going with the flow – recruiting advisors to an independent channel is much easier than recruiting W2 employees, says Louis Diamond, president of Diamond Consultants.
Jason Diamond Quoted in FinancialPlanning.com, by Karen Demasters – Anyone looking for evidence of America’s growing shortage of financial advisors might point out the growing competition to recruit advisors among independent broker-dealers.
