• Home: Leading Financial Advisor Recruiting Firm
  • About Us
    • Meet the Team
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
  • FAQs
  • Articles
  • Podcast
    • Industry Update
    • Independence 101 Series
  • In the News
  • Tools & Resources
    • FAQs for Merrill Advisors
    • FAQs for UBS Advisors
  • Contact Us
  • Subscribe for Updates

Questions? Call us: 908-879-1002

Contact us...
Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
  • Home
  • About
    • Meet the Team
      • Mindy Diamond
      • Louis Diamond
      • Howard Diamond
      • Jason Diamond
      • Barbara Herman
      • Deborah Aronson
      • Wendy Leung
      • Cathy Nichols
      • Debbie Wallen
      • Allison Brunwasser
      • Joshua Tomolak
      • Shelley Muzio
      • Caryl Felicetta
      • Donna Riopel
    • Testimonials
    • Case Studies
    • Representative Deals
  • Services
    • For Financial Advisors
    • For Independent Business Owners
      • Sell-Side M&A Advisory
      • Consulting
  • FAQs
  • Articles
    • Subscribe for Updates
  • Podcast
    • Industry Update
    • Independence 101 Series
    • Subscribe for Updates
  • In the News
    • Moves in the News
  • Tools & Resources
    • FAQs for UBS Advisors
    • FAQs for Merrill Advisors
    • Other Tools For Advisors
    • Subscribe to e-Newsletter

In the News

Since banking scandal, Wells Fargo advisers with more than $19.2 billion in AUM leave firm

Posted by Howard Diamond

Investment News

Howard Diamond Quoted
By Bruce Kelly

It’s been almost a year since a banking scandal rocked Wells Fargo & Co., and its brokerage business has seen a steady stream of departures since, with InvestmentNews tracking 70 teams of advisers working with $19.2 billion in client assets leaving from last October through the end of June.

“We recruit for Wells Fargo and have a lot of advisers interested in the firm,” said Howard Diamond, chief operating officer and general counsel at Diamond Consultants Inc., a recruiting firm. “They are the only wirehouse out there paying a competitive deal with Morgan Stanley, Merrill Lynch and UBS all pulling back a bit. Wells Fargo is still in the recruiting game, as far as we are concerned. The brokerage arm is still a viable player.”

Read more…

 

You may also be interested in...

Share
0

About Howard Diamond

Chief Operating Officer and General Counsel – A legal and business background combined with over a decade of experience in the wealth advisory space. Already a successful lawyer and litigator, the growth of Diamond Consultants presented a new career opportunity for Howard in 2005. Learn more...

    Recent News & Articles

    • Should FAs Be Tested for Cognitive Decline?
    • The Path to Independence: 6 Key Elements to Consider Before Starting Your Journey
    • UBS Comp Changes Make It Harder to Battle Asset Outflows–Analysis
    • How Cresset Became a $27 Billion Wealth Manager in Under Five Years by Recruiting Top Private Bankers and Aggressive M&A
    • Edward Jones Opens Multi-FA Office in Seattle
    See. Here. Now.
    We're available to answer your questions. Contact us

    Connect with us

    Search

    © 2022 · Diamond Financial Consultants, LLC t/a Diamond Consultants. All rights reserved.*

    • Leading Financial Advisor Recruiting Firm:
    • About
    • Services
    • FAQs
    • Articles
    • Podcast
    • News/Media
    • Tools/Resources
    • Contact
    • Our Locations
    • Privacy Policy
    • Site Map