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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

‘Client-Poaching’ Case At J.P. Morgan Has Reality Show Vibes

Posted by Louis Diamond

FA Financial Advisor Magazine

December 13, 2021
Louis Diamond Quoted
By Jennifer Lea Read

A high-profile scuffle between a member of J.P. Morgan’s advisory group and its private bank group intensified last week when J.P. Morgan asked a U.S. District Court to require one of its former advisors, Gwen Campbell, to post a $10 million bond to cover any losses the bank might suffer should her request for a temporary restraining order—designed to protect her clients from internal poaching at the firm, she said—be granted.

“I’ve never had an advisor client where that’s happened to them, but a lot of advisors are paranoid about the possibility,” said Louis Diamond, president of Diamond Consultants, a recruitment firm for advisors at traditional brokerages and independent firms. “If it happened a lot, how could anyone ever move to a major firm with multiple channels?”

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About Louis Diamond

President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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