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

LPL shares skyrocket near to $72 after signaling to Wall Street a cheaper, better way to lure assets and advisors

Posted by Louis Diamond

RIA Biz Financial Advisor News

Louis Diamond Quoted
By Brooke Southall

Shares of LPL Financial skyrocketed to another record close of $71.91 yesterday as the firm continues to struggle with recruiting advisors and retaining recruiters. The higher stock market valuation and a new recruiting stance may have a surprising connection, observers claim off the record.

The departures likely boil down to recruiters choosing the path of least resistance, says Louis Diamond, New York-based principal of Diamond Consultants.

“My take on why they are losing internal recruiters is that the recruiters’ job is getting a lot harder. Maybe there’s better opportunity at a competitor.”

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About Louis Diamond

President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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