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In the News

So, You Want to Break Away?

Posted by Louis Diamond

November 9, 2020
Louis Diamond Quoted
By Ellen Sheng

The trend of financial advisors breaking away from their brokerages doesn’t seem to be dying down anytime soon. Changes in the industry — the shift from commission-based compensation models to fee-based, increasing compliance and regulatory requirements and advances in technology — are all making independence more appealing to advisors.

“Advisors want more freedom, flexibility and control over the business and clients, while firms are trying to standardize things and take away control,” says Louis Diamond, executive vice president at Diamond Consultants.

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Louis Diamond

About Louis Diamond

Executive Vice President, Senior Consultant – 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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