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

Shirl Penney lands UBS team as Dynasty Financial tower-mate in a sign the breakaway movement remains explosive, despite turning to ‘quiet launches’ during the COVID-19 pandemic

Posted by Louis Diamond

July 16, 2020
Louis Diamond Quoted
By Brooke Southall

The breakaway movement may have gone underground during the COVID-19 pandemic and subsequent market meltdown, but it never blinked.

While wirehouses were getting knocked sideways by the shift to a virtual workplace, RIA custodians and recruiters adjusted their poaching tools on the fly and began shepherding “quiet launches.”

That said, the Covid-19 crisis exposed new chinks in the wirehouse armor — namely nationwide policies for social distancing, says Louis Diamond, principal of Diamond Consultants, which recruited Kilgroe to become a Dynasty client.

“Breakaways are happening in states that are more open,” he says. “Florida is pretty open — particularly northern Florida.”

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About Louis Diamond

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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