February 1, 2021
Louis Diamond Quoted
By Lisa Shidler
LPL Financial — after decades of market feints — appears more inclined to take on Schwab Advisor Services in RIA custody after signing five RIA recruiters from the market leader.
“This is a major get by LPL as those folks are all excellent and will really help LPL bolster their RIA custody business,” says Louis Diamond, New York-based president of Diamond Consultants.
The “get” may be a case of being in the right place at the right time.