Louis Diamond Quoted
By Danielle Verbrigghe
The ambitious wealth management growth plans of Lebenthal Wealth Advisors have hit a roadblock, as a string of advisor, executive and board level departures have called into question the unit’s future.
“Every firm is going after a similar profile of advisor,” says Louis Diamond, v.p. of Diamond Consultants. That’s “a fee-based advisor who works with high-net-worth and ultra-high-net-worth families, who has a clean compliance record and who is in growth mode. That’s who Lebenthal is going after.”
“For an advisor who wants to go to a firm like Lebenthal, the options are pretty abundant,” Diamond says.
