How Raymond James is Knocking Recruitment Out of the Park
Howard Diamond Quoted
By Miriam Rozen
News surfaced recently that a New York-based team with four senior brokers and more than $1 billion in client assets jumped in late June from Wells Fargo Advisors to Raymond James’ employee channel.
“They are knocking the cover off the ball,” says Howard Diamond about Raymond James’ recruiting strategy.
As the chief operating officer and general counsel of Diamond Consultants, a New York-based recruiting firm, Diamond works regularly to recruit for Raymond James. Advisors at competing brokerages who are “disenfranchised” recognize quickly that if they move to Raymond James “they will own their book of business” if they ever decide to leave the St. Petersburg, Fla.-headquartered firm, Diamond says. “That is huge,” he adds.