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

Commonwealth Financial will reverse course on commissions if DOL gets reversed

Posted by Howard Diamond

RIA Biz Financial Advisor News

Howard Diamond Quoted
By Irwin Stein

Commonwealth Financial Network is locked and loaded — ready to blow holes in its plan to end commissions on retirement accounts if the DOL rule is repealed.

Much of the original trepidation about the rule may be subsiding as the industry begins to sort out the details. Earlier this month, Howard Diamond, managing director and COO of Diamond Consultants, a financial services search and consulting firm in Morristown, N.J., wrote in these pages about the rule’s devastating effect on broker recruitment.

Diamond has since softened his view. “If you do the calculations, the death of recruiting may be premature,” he says.

Read more…

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About Howard Diamond

Chief Operating Officer and General Counsel – A legal and business background combined with over a decade of experience in the wealth advisory space. Already a successful lawyer and litigator, the growth of Diamond Consultants presented a new career opportunity for Howard in 2005. Learn more...

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