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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

JPMorgan Seeks Order Blocking More Morgan Stanley Defections

Posted by Mindy Diamond

Bloomberg

Mindy Diamond Quoted
by Andrew M Harris

Two JPMorgan Chase & Co. units sued six former executives who defected to rival Morgan Stanley, seeking a court order blocking them from enticing clients and co-workers to follow.

Mindy Diamond, the principal of Chester, New Jersey-based recruiter Diamond Consultants LLC, said the protocol has been “a game-changer” for the industry. It allows brokers to change firms “with impunity,” free from court fights and the threat of monetary damages as long as they abide by its terms.

The protocol contains “common sense stuff,” she said. It bars brokers from taking original documents when they leave and says those who don’t follow the rules may still be sued, she said.

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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