Jason Diamond Quoted – By Josh Welsh, InvestmentNews – Industry experts give their verdict on the wirehouse’s decision to replace its ‘growth grid’ with a ‘growth award.’
Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – Wirehouse brokers are almost always cynical about the changes their firms make to their compensation calculation each year, but Merrill Lynch’s 2024 plan appears to have garnered a relatively positive response.
Louis Diamond Quoted – By Karmen Alexander, AdvisorHub.com – Pine Valley Investments, a Marlton, New Jersey-based registered investment advisory firm, has picked up a Merrill Lynch broker who had been part of a team generating $3.8 million in annual revenue from $500 million in client assets.
Jason Diamond Quoted by Victoria Zhuang, Financial-Planning.com – “You have to let this stuff play out,” Jason Diamond, an industry recruiter at Diamond Consultants, said in an interview about what Merrill could look like under Hans and Schimpf. “Are they going to have the autonomy to implement their own decisions? Or are they really just going to be carrying out the orders from Brian Moynihan and the bank?”
Louis Diamond Quoted – By Jeff Berman, ThinkAdvisor – Citi’s courting of Sieg seems to be a sign that it means business — meaning a major return to the U.S. wealth management business, according to Louis Diamond, president of Diamond Consultants.
Mindy Diamond Quoted – By Victoria Zhuang, Financial-Planning.com – Merrill Lynch will not offer a way for financial advisors to independently affiliate with the Wall Street giant, even as industry competitors open up that burgeoning business model, Merrill’s wealth management head said Thursday.
Louis Diamond Quoted – By Glenn Koch, Financial Advisor IQ – Merrill Lynch has added a suite of pre-approved products to its dual-contract program that the wirehouse says will help advisors better cater to high-net-worth clients.
Jason Diamond Quoted – By Jeff Berman, ThinkAdvisor – Brokers at Merrill Lynch Wealth Management are increasingly shifting away from working on their own to becoming part of a team and just about all of them are expected to be part of a team eight years from now, according to Andy Sieg, president of the Merrill division.
By Jake Martin, AdvisorHub – Breakaway teams from Merrill Lynch, UBS Wealth Management USA and Morgan Stanley have flown their wirehouse coups in the past week for Dynasty Financial Partners and LPL Financial, according to announcements and registration records.
Louis Diamond Quoted – By Alex Padalka, FinancialAdvisor IQ – James Iannazzo, who last month was charged with criminal trespass and other counts, became registered with Aegis Capital on March 15.
Subscribe for Updates
Get updated by email when a new article is added.
Recent News & Articles
- $1.6B 6 Years Later: Matt Celenza on Doubling Growth, Opportunity, and Life After Merrill
- LPL goes straight at wirehouse crown jewels — corner-office brokers — by re-platooning orphaned First Republic insider and making a high payout book portable and saleable
- The 5 Advisor Archetypes: Which One Are You?
- Private Equity and the RIA: Two Perspectives on the Value of Growth
- What ‘Cultural Fit’ Means And How To Find It