Jason Diamond Quoted – By Dan Shaw, FinancialPlanning – Financial advisor training programs at Merrill and other wirehouses could certainly help reverse the trend of next gen advisor attrition and supply. But are they up to the task?
Louis Diamond Quoted – By Glenn Koch, FAIQ.com – The threshold increases are reflective of wirehouses trending toward working with more affluent advisors and trying to nudge lesser producers into self-directed channels or call center roles, according to Louis Diamond
Jason Diamond quoted By Courtney Hoff Dockerty, Financial-Planning.com – Jason Diamond, an executive vice president at the recruiting firm Diamond Consultants, finds it unsurprising that advisory groups with the most years of industry experience are also those most likely to leave.
Jason Diamond Quoted – By Dan Shaw, FinancialPlanning.com – For the second time in just over a week, UBS Group is announcing the recruitment of a wealth management team overseeing billions in clients assets from its rival Merrill.
Louis Diamond Quoted – By Miriam Rozen and Mason Braswell, AdvisorHub – “If someone’s going to look at Morgan Stanley or UBS, then this deal at least puts Merrill in the conversation too,” Diamond said.
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 Bruce Kelly, InvestmentNews – Big banks can struggle when they’re trying to figure out a wealth management strategy that works for everyday retail investors.
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?”
