Howard Diamond Quoted
By Andrew Welsch
Is the wealth management firm of the future one that has both employee and independent advisors?
Howard Diamond, managing director at recruiting firm Diamond Consultants, notes that firms like Raymond James and Wells Fargo which offer both channels are attractive when recruiting new advisors, and also for retaining existing employee advisors who may want to move to the independent side of the business.
“It would be a good way to enhance retention,” he says. “You can go between channels. It’s a great offering. Instead of offering one flavor of ice cream, you’re offering two or three.”
