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In the News

Krawcheck: Wirehouse Demise Exaggerated

Posted by Mindy Diamond

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Mindy Diamond Quoted
By Megan Leonhardt

Reports of the wirehouses’ demise have been greatly exaggerated. That’s the message former Bank of America’ executive Sallie Krawcheck delivered to the MarketCounsel audience on Wednesday, saying that despite the numerous stories of successful advisor teams streaming from the wirehouses, these big firms aren’t losing nearly as many advisors as reported and that predictions of the wirehouses desperately entering the RIA space may be premature.

“The idea that the press puts forth that people are streaming out hasn’t been, and is still not today, completely true,” she said in a very frank conversation with recruiter and industry consultant Mindy Diamond.

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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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