Mega-RIAs Are on the Prowl. But a Bad Deal Can Quickly Backfire on an Advisor.
Louis Diamond Quoted
By David Sterman
Throughout an advisor’s career, major milestones justify the celebratory popping of top-notch champagne.
Be it the first multi-millionaire client, the first year that managed assets surpass $100 million, or when a multi-advisor team crosses the billion-dollar threshold, a great sense of accomplishment is well deserved.
“You can’t convince someone to be an entrepreneur,” says Louis Diamond, executive vice president at industry recruiter Diamond Consultants. “Not everyone is well-suited to control various aspects such as marketing, technology, social media and office supervision.”