Louis Diamond Quoted – By Patrick Donachie, WealthManagement.com – Many First Republic advisors will tell you they left a wirehouse or large brokerage for the bank’s more entrepreneurial, boutique model.
Jason Diamond Quoted by Victoria Zhuang, Financial-Planning.com – JPMorgan Chase began wooing First Republic’s flighty wealth advisors on Monday immediately after it took over a substantial chunk of the faltering institution.
Mindy Diamond Quoted – By Steve Garmhausen, Barron’s – Investors often seek out large brokerage firms because they like having the stability of a big company. What many people may not realize is that top advisors at marquee firms like Morgan Stanley, Merrill Lynch, Wells Fargo, and UBS typically work in teams, which come in many different flavors.
Louis Diamond Quoted – By Carleton English, Barron’s – “The current environment has given them a tailwind because of the sentiment that bigger is safer,” says Louis Diamond, president of Diamond Consultants, a financial advisor recruiting firm. “There is a subset of advisors who want to be at a big firm.”
Louis Diamond Quoted – By Jeff Berman, PlanAdviser – When it comes to setting up a successful long-term relationship with top advisers, firms still generally rely on sticks instead of carrots.
Jason Diamond Quoted by Victoria Zhuang, Financial-Planning.com – “You have to let this stuff play out,” Jason Diamond, an industry recruiter at Diamond Consultants, said in an interview about what Merrill could look like under Hans and Schimpf. “Are they going to have the autonomy to implement their own decisions? Or are they really just going to be carrying out the orders from Brian Moynihan and the bank?”
Louis Diamond Quoted – By Jeff Berman, ThinkAdvisor – Citi’s courting of Sieg seems to be a sign that it means business — meaning a major return to the U.S. wealth management business, according to Louis Diamond, president of Diamond Consultants.
Louis Diamond Quoted – By Hayley Cuccinello, Business Insider – The expenses associated with the Credit Suisse acquisition might hamstring UBS when it comes to growth in the US. New York-based recruiter Louis Diamond said these costs may stop the bank’s aggressive recruitment efforts.
Louis Diamond Quoted – By Sergei Klebnikov, Forbes – Still, many affluent clients already keep accounts at multiple financial institutions, observes Louis Diamond, president of Diamond Consultants, a New Jersey-based firm that works with advisors.
Jason Diamond Quoted by Victoria Zhuang, Financial-Planning.com – “Those field leadership positions are always vulnerable because they’re non-revenue producing positions,” said Jason Diamond, a vice president and senior consultant at industry recruiting firm Diamond Consultants.