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

Eric Clarke says his firm saw 20% fewer breakaways last year and will take the lead on recruiting…

Posted by Louis Diamond

February 8, 2021
Louis Diamond Quoted
By Lisa Shidler

Eric Clarke says he plans to directly woo breakaway brokers this year–an unusual move for the CEO of a software firm–after a 20% slide in 2020 recruiting, but some recruiters say he may have just missed the boat in a tough but hot market.

While Orion Advisor Services doesn’t technically recruit, Clarke says his firm is constantly speaking with advisors before they’re ready to go independent.

Louis Diamond, president of Morristown, N.J.-based Diamond Consultants says don’t presume that the breakaway broker movement took a year off in 2020.

“It was the busiest recruitment year since 2014 in terms of advisors moving,” he says. “I definitely don’t think it was slower.”

This year is already proving to be another stellar year, Diamond says. “We’re very bullish on advisor recruitment for 2021 and the breakaway movement.”

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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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