January 10, 2022
Louis Diamond Quoted
By Jacqueline Sergeant
Working from home during the Covid crisis has awakened many brokers and financial advisors to new beginnings, setting off a wave of departures to independence, consultants say.
“Advisors are realizing that they are not getting as much value from their current firm, especially working from home,” said Louis Diamond, president of Diamond Consultants in Morristown, N.J. He also noted that some advisors are at odds with their firms’ policy on remote working, Covid testing and vaccine mandates.
Diamond said the pandemic has created a perfect storm where there are more options than before for advisors. “You have the pull factor of just better options and more models have popped up that’s meeting advisors where they are,” he said.