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

Merrill likely next big firm to dump broker recruiting protocol

Posted by Louis Diamond

Investment News

Louis Diamond Quoted
By Bruce Kelly

Securities industry recruiters believe that Merrill Lynch will be the next wirehouse to drop the broker protocol for recruiting, as working under the agreement allows Merrill’s Thundering Herd too much leeway to take off for greener pastures.

“Merrill will be the next shoe to drop in the next days or weeks,” said Louis Diamond, vice president at Diamond Consultants. “Along with UBS and Morgan Stanley, Merrill has said that they would focus more on orgaanic growth, and bringing in young people and trainees. Merrill stands to lose by far the most for staying in the protocol, particularly as their biggest rivals, Morgan Stanley and UBS, are no longer in it.”

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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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