Smaller B-Ds Looking for Recruiting Openings as Big Firms Get Bigger
Louis Diamond Quoted – By Peter Rawlings, Financial Advisor IQ – Some smaller broker-dealer firms are trying to peel away advisors from firms being gobbled up by large networks amid the ongoing industry consolidation, according to an executive at LaSalle St. Securities. Louis Diamond, president of recruiting firm Diamond Consultants, says many advisors tend to either stick with their parent or look to move to an even larger firm despite the potential benefits of smaller firms, such as better access to management.
