Mindy Diamond Quoted
By Michael Wursthorn
Merrill Lynch has hired a team of Morgan Stanley financial advisers managing more than $1 billion for its ultrawealthy client group, as the big brokerage firms continue to compete with one another for multi-million-dollar clients and advisers.
Mindy Diamond, president of Diamond Consultants, a Chester, N.J.-based recruiting firm for financial advisers, described competition in this segment as “fierce,” saying firms are in “a race for top talent.”