December 9, 2021
Louis Diamond Quoted
By Charles Paikert
It’s not just a seller’s market for RIA owners. Advisors looking for greener pastures are also finding demand for their skills is outstripping supply.
Louis Diamond, president of Diamond Consultants, which specializes in executive search for RIAs, agrees. “Every firm is on the hunt for quality talent,” Diamond says.
Advisors can also negotiate for the opportunity to become a partner in a new firm and participate in ownership. “Advisors want equity, and they want to see a defined path to becoming partner and having a leadership role,” Diamond says. “Those are big ones.”