August 7, 2023
Louis Diamond Quoted
by Charles Paikert
Mike Ran was a chef. Jessica Robertson was an accountant. Today they’re both financial advisors.
Ran worked in restaurants in New York City and Philadelphia for ten years. He was about to open his own place, had funding lined up – and had an epiphany.
Executive recruiter Louis Diamond cites another practical advantage of non-traditional hires: someone new to the industry who is trained and molded by a firm is likely to be more loyal and less of a “flight risk” than a well-traveled advisor shopping a book of business.
One criticism of RIAs is that a reputation for not paying top wages and confining community involvement to elitist events that are self-serving, say executive recruiters.