Louis Diamond Quoted
By Michael Thrasher
In wake of U.S. courts axing the Department of Labor’s retirement savings rule, Merrill Lynch told its field of more than 14,000 financial advisors on Friday that the brokerage is reevaluating its policies and procedures, especially those related to retirement accounts.
“I think this decision is positive,” said Louis Diamond, executive vice president and senior consultant at Diamond Consultants, a financial advisor recruiting firm. “Any time you can give clients more choice—and advisors, if they are operating ethically, to service clients the best way they should be served—that’s a good thing.”
