September 4, 2018 – Howard Diamond Quoted – By Miriam Rozen, Financial Advisor IQ – News surfaced recently that a New York-based team with four senior brokers and more than $1 billion in client assets jumped in late June from Wells Fargo Advisors to Raymond James’ employee channel.
In the News
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August 27, 2018 – Howard Diamond Quoted – By Miriam Rozen, Financial Advisor IQ – For the majority of Peter Sargent’s 25-year financial advisory career, he has worked at wirehouses belonging to the Protocol for Broker Recruiting Agreement. No surprise, then, that Sargent vigorously extols the virtues of what once ranked as the industry-wide keep-the-peace pact.
How HighTower’s executive shuffle, kicking CEO Elliot Weissbluth upstairs, opens door for new talent and paves way for Thomas Lee-fueled acquisitions splurge
August 20, 2018 – Louis Diamond Quoted – By Oisin Breen, RIABiz – Elliot Weissbluth is the new chairman of HighTower Advisors, and the final selection of a CEO to replace him is imminent.
August 20, 2018 – Howard Diamond Quoted – By Miriam Rozen, Financial Advisor IQ – In less than two months — on Oct.1 — when Finra is scheduled to launch its new streamlined competency exams, get ready for a dramatic change. For the first time in the history of the industry self-regulator, anyone more than 18 years old — including students and aspiring broker-dealer representatives, even if they have not yet been hired by financial firms — may take a Finra entrance exam. No firm affiliation is necessary.
August 16, 2018 – Mindy Diamond Mentioned – By Jane Wollman Rusoff, ThinkAdvisor – As a young Bank of America mortgage underwriter, Michael Henley hated to constantly deliver bad news to people. So shortly after Merrill Lynch was acquired by BofA in 2009, he quickly answered a job post by Merrill that pushed his future in a sharply different direction.
After RIA private equity hot-shot Genstar’s $1.7 billion purchase of ugly duckling Cetera, Robert Moore plans to take on LPL–not with acquisitions, but a recruitment storm
August 15, 2018 – Louis Diamond Quoted – By Oisin Breen, RIABiz – With Genstar’s deep pockets backing him, Moore is ready to beat LPL Financial at its own game — bone crushing scale.
August 13, 2018 – Mindy Diamond Featured [podcast] – By Lee Conrad, Financial Planning – Were 300% deals ever sustainable? What can advisors do today? And if you think it’s too late to break away, listen to the story of a 70-year old advisor who made the move. Mindy Diamond offers her insight as we continue the dialogue from our Recruiters Roundtable.
August 14, 2018 – Louis Diamond Quoted – By Mason Braswell, AdvisorHub – UBS Wealth Management USA, which has been on the sidelines of broker recruiting for the past two years, is giving its branch and market managers a pep talk—and talking points—about the value of joining the Swiss-owned firm.
August 10, 2018 – Louis Diamond Quoted – By Michael Thrasher, WealthManagement.com – Linda Pardini and Douglas Wulbrecht, who were previously employed by Wells Fargo Advisors and managed $462 million, are opening a new Raymond James office in Santa Rosa and will report to the complex headed by Nathan Clakley. Pardini and Wulbrecht will both be vice presidents at Raymond James.
August 9, 2018 – By Mindy Diamond, WealthManagement.com – Circle back to 2009: The financial crisis had barely passed, Barack Obama was inaugurated as president, and Bernie Madoff was sentenced to 150 years for his multibillion-dollar Ponzi scheme. Meanwhile, more than 24,000 financial advisors who changed firms that year worried that the days of outsized recruiting deals were going to be a thing of the past.
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