Howard Diamond Quoted
By Joan Warner
FA-IQ asked Diamond Consultants managing director and COO Howard Diamond for his view of the broker recruiting landscape going into 2014.
FAs often stay put when the market does as well as it did in 2013. Do you expect more of them to make a move in the New Year?
It’s hard to move and bring your clients along when everything’s good. But we feel 2014 will be more robust than 2013, because retention packages are more forgiving and handcuffs are being loosened. Advisors who have been tied down are realizing they don’t have much to lose by moving. With [recruiting] deals at a high water mark, they’re going to make more than they owe.