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

RBC Grabs Three Teams Managing $1.3 Billion, FA Skates Back to UBS

Posted by Louis Diamond

Louis Diamond Quoted
By AdvisorHub Staff

RBC Wealth Management quietly fattened its hometown forces by recruiting three teams near Minneapolis collectively managing more than $1 billion from wirehouses in the past few weeks, but UBS Financial Services has recovered a broker from the largest-producing group.

“He’s now going to have a target on his back, and it raises questions about loyalty,” said Louis Diamond of Diamond Consultants in New York, who said he does not know Wenkus personally but imagines that he must be a strong producer.

“I also think they would really have to sweeten the pie to get him back because he now has the tough job of going back to clients and explaining his U-turn.”

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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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