Louis Diamond Quoted
By Todd C. Frankel
Please don’t call them robo-advisers.
“That’s obviously a derogatory term,” says Adam Nash, president of Wealthfront.
The rise of these automated services already has driven smaller portfolio-management firms to merge with firms that offer a wider range of wealth management services, says Louis Diamond, vice president at Diamond Consultants in Morristown, N.J., a search and consulting firm for financial advisers.
“They are seeking out access to tailored, white-glove services,” Diamond says.
