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

How Merrill Lynch’s divorce of its own $2.5-billion team shows just how fed up the wirehouse is with RIA-bound breakaways

Posted by Mindy Diamond

RIA Biz Financial Advisor News

Mindy Diamond Quoted
By Brooke Southall

In what could well be an emerging trend of making a final goodbye out of what used to be just a wrist-slapping infraction, Merrill Lynch fired an advisor team from its elite Private Banking and Investment Group for advising clients on the purchase of a hedge fund not on the Merrill Lynch platform.

“If they were to become an RIA and give up series 7, then trading away is not bad at all,” notes Mindy Diamond, principal of recruiting firm Diamond Consultants of Chester, N.J., in an e-mail.

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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