Mindy Diamond Quoted – By Elizabeth Dilts, WealthManagement.com – After years of jumping from one firm to another, U.S. securities brokers are changing jobs less frequently and the largest brokerage firms say they are seeing their lowest attrition rates in years as financial markets strengthen.
In the News
Our expertise is often sought by leading national media publications for bylined articles and to provide background and color to industry news.
Mindy Diamond Quoted – By Diana Britton, WealthManagement.com – Since Brian Hamburger started MarketCounsel in 2000, over 1,500 RIA firms have crossed his path.
Mindy Diamond Quoted – By Michael Shagrin, Fund Fire – Though Merrill Lynch U.S. wealth management head John Thiel last week announced that the firm is looking to expand its advisor ranks, respondents to a recent FundFire reader poll do not believe this is an indicator that the wirehouses as a group will dramatically increase hiring.
Howard Diamond Quoted – By Corrie Driebusch, The Wall Street Journal – Wall Street’s self-regulator has pulled back a plan to make brokers tell clients about big-money bonuses they get for changing firms, saying the proposal needs changes.
Mindy Diamond Quoted – By Mason Braswell, InvestmentNews – Finra has withdrawn a controversial proposal that would have required brokers to tell clients about recruitment incentives they receive in excess of $100,000. Industry recruiter Mindy Diamond of Diamond Consultants said that the proposal would likely have been a “non-issue” as advisers would have been able to find ways of disclosing the information to clients without disrupting their transition.
Mindy Diamond Quoted – By Lisa Shidler, RIABiz – Ameriprise Financial is offering 150% of an advisor’s last 12 months of revenue as its base recruiting bid in an attempt to zap its recruiting efforts back from the dead, according to a Reuters article published Thursday. But simply infusing money into a long-existing problem facing Ameriprise won’t fix everything, says Mindy Diamond.
By Matthias Rieker, The Wall Street Journal – On a Friday in early May, financial adviser Herman Rij put on his Merrill Lynch tie—pink, with light blue bulls—and went to work at the brokerage’s third-floor office in Bethlehem, Pa. He met with a client who had flown in from Arizona. Then he went in to see his boss—and resigned.
May 15, 2014 – By Danielle Verbrigghe, FundFire – As breakaway advisors continue to migrate to independent channels, asset managers that can prove themselves a valuable partner to transition and recruiting teams may be poised to win loyalty, and potentially assets.
Mindy Diamond Quoted – By Corrie Driebusch, The Wall Street Journal – Ileana Platt was put in a bind when Barclays PLC announced plans to pull out of the Latin American market for wealth management services.
By Mindy Diamond, WealthManagement.com – What’s behind the lack of women in the industry and how we can get more in the ranks?
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