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

Finra’s broker bonus disclosure rule pulled

Posted by Mindy Diamond

Investment News

Mindy Diamond Quoted
By Mason Braswell

Finra has withdrawn a controversial proposal that would have required brokers to tell clients about recruitment incentives they receive in excess of $100,000.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.

“I don’t think you’re going to hear cheering in the streets,” she said. “I’d like to think that [Finra] realized that just because an adviser is paid a significant sum of money to move firms does not translate into the fact that he is a bad adviser.”

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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