Howard Diamond Quoted
By Andrew Welsch
Asset managers are offering financial advisors more help with business development and practice management in an effort to stand out in a crowded marketplace.
While the programs may help asset managers attract more business, they need to remain educational in focus and not verge into a thinly veiled commercial, experts say. Howard Diamond, managing director of Diamond Consultants, a recruiting firm, warned the training should remain at “arm’s length” from focusing on a mutual fund firm’s product line.
