Mindy Diamond Quoted
By Cyril Tuohy
As many as 711 securities brokers who jumped ship to rival firms or started their own business took with them $98 billion in assets last year. This is a sign of just how ferocious the recruitment wars have become, an analysis conducted by Reuters has found.
In a separate interview with the publication InvestmentNews, broadcast on the new outlet’s website, Mindy Diamond, president of the recruiting firms Diamond Consultants, said that the attrition suffered by the large wirehouses had reached beyond the “nuisance and an annoyance” level, and that the big securities brokerages were beginning to feel the pain.
