Louis Diamond Quoted
By Jed Horowitz
J.P. Morgan Securities continues to swell its broker ranks with refugees from firms pulling out of the Protocol for Broker Recruiting.
Its latest target is UBS Financial Services, whose exit from the Protocol on Friday morning will expose its advisors to potential legal obstacles if they try to persuade former clients to follow them to a new firm.
“They may as well pick up the right teams while they can and a good way to do that is to up the deal,” said Louis Diamond, a New York-based recruiter at his family’s Diamond Consultants who said he was not familiar with what this week’s UBS teams may have negotiated.
