Louis Diamond Quoted
By Michael Thrasher
Banks and credit unions helped Cetera Financial Group recruit more than 800 financial advisors to the company in 2018, and more than $5.3 billion in assets under administration, the firm said.
“[Bank and credit union-based brokers] are a really good channel because they are typically in smaller markets and they are partnering with smaller community banks that don’t have a wealth management unit, so they are able to add value to the institution,” said Louis Diamond, executive vice president of recruiting firm Diamond Consultants. “And from the advisors’ standpoint, it’s a really good way to grow your business because you get a lot of referrals or leads from the bank.”
