Howard Diamond Quoted
By Bruce Kelly
RBC Wealth Management is on a recruiting tear in 2017, as its recruiting bonus remains one of the most attractive on Wall Street, according to industry sources.
“In the last year, as the wirehouses have pulled back on deals, RBC has not,” said Howard Diamond, chief operating officer and general counsel for Diamond Consultants, an industry recruiter. RBC is a client of Diamond Consultants, he said.
“It’s one of the most aggressive deals on the street,” he said. “RBC is looking to actively recruit advisers from the wires. They are sick and tired of the ever-changing pay grid and want to take their practice to a firm more focused on the adviser.”
