Howard Diamond Quoted
By Charles Paikert
For better or worse, RCS Capital is going for a new look after a series of bombshells accompanied its disappointing second-quarter earnings.
“I think the more change and uncertainty that seems to follow and hover over RCS, Cetera and their various related companies, the more it will negatively impact recruiting and retention,” says Howard Diamond, chief operating office for Diamond Consulting, an industry consulting and recruiting firm.
“Financial advisors and their clients loathe uncertainty. The more that advisors who were thinking about joining a firm read about the various changes and upheavals within a firm, the less inclined they will be to join that firm.”