Louis Diamond Quoted
By Tobias Salinger
Cetera Financial Group’s more than 7,700 advisors across six independent broker-dealers may soon face yet another big change: new ownership.
“It was inevitable that there would be some sort of a change in ownership,” says Louis Diamond, who adds that he expects a PE firm to be the buyer. “Any time there is change it’s an opportunity for an advisor, especially an independent one, to figure out if they’re in the best possible place for their clients.”