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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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6 Missteps that Trip Up Brokers Who Leave Big Wall Street Firms

6 Missteps that Trip Up Brokers Who Leave Big Wall Street Firms

Louis Diamond Quoted – By Cheryl Winokur Munk, Barron’s – For wirehouse advisors considering a leap to the independent channel, getting the process right can mean the difference between a smooth landing and a face-flop.

An Open Letter to Edward Jones Advisors

An Open Letter to Edward Jones Advisors

By Jason Diamond – What’s changed at Ed Jones—and what’s driving so many advisors to seek other options? While many brokerage firms have seen noticeable advisor attrition in recent years, the velocity of moves away from Ed Jones, a firm that built its legacy on a strong culture, begs a few important questions.

$3.2-Mln Merrill Team Jumps to UBS in TN, Another in AL Joins Morgan Stanley

$3.2-Mln Merrill Team Jumps to UBS in TN, Another in AL Joins Morgan Stanley

By AdvisorHub Staff – A five-member Knoxville, Tennessee team this week joined UBS Wealth Management USA, exiting Merrill Lynch, where it produced $3.2 million in annual production on $596 million in client assets, according to a source.

Commonwealth, LPL Now Using Asset Levels, Not Production Rates, to Calculate Recruiting Deals

Commonwealth, LPL Now Using Asset Levels, Not Production Rates, to Calculate Recruiting Deals

Louis Diamond Quoted – By Diana Britton, WealthManagement.com – Waltham, Mass.–based independent broker/dealer Commonwealth Financial Network has confirmed that it recently shifted the way it structures the deals it gives prospects as an incentive to join the firm. It now offers forgivable notes based on an advisor’s asset levels, rather than a percentage of production, which has historically been the norm.

Remote Work Has Inspired Advisors To Take Leap To Independence

Remote Work Has Inspired Advisors To Take Leap To Independence

Louis Diamond Quoted – By Jacqueline Sergeant, Financial Advisor Magazine – Working from home during the Covid crisis has awakened many brokers and financial advisors to new beginnings, setting off a wave of departures to independence, consultants say. “Advisors are realizing that they are not getting as much value from their current firm, especially working from home,” said Louis Diamond, president of Diamond Consultants in Morristown, N.J.

Looking to Move On? If You’re an Advisor, You’re in Luck.

Looking to Move On? If You’re an Advisor, You’re in Luck.

Louis Diamond Quoted – By Charles Paikert, Barron’s – It’s not just a seller’s market for RIA owners. Advisors looking for greener pastures are also finding demand for their skills is outstripping supply. Louis Diamond, president of Diamond Consultants, which specializes in executive search for RIAs, agrees. “Every firm is on the hunt for quality talent,” Diamond says.

Mega-Moves: What’s Driving the Movement of Advisors and Teams Managing a Billion or More?

Mega-Moves: What’s Driving the Movement of Advisors and Teams Managing a Billion or More?

By Mindy Diamond, Forbes.com – Change is typically motivated by a combination of pushes and pulls. Yet in the case of financial advisors managing $1B+, those factors are even greater. What are some of the common motivations for these advisors to consider change?

Transition Announcement: First Republic Private Wealth Management Welcomes UBS Advisor Managing Over $900mm

Transition Announcement: First Republic Private Wealth Management Welcomes UBS Advisor Managing Over $900mm

For Max Peckler, this transition was much more about the strong pull towards a better place to serve clients and grow his business—rather than the push away from UBS. While he built an extraordinary business over nearly 2 decades at UBS – landing on the Forbes America’s Top Wealth Advisors list and taking #2 for Best in State of Massachusetts in 2021 – Max felt he hit a ceiling in terms of how he could grow his business and serve clients.

Transition Announcement: Billion-Dollar Team Joins Morgan Stanley Private Wealth Management in Washington, DC

Transition Announcement: Billion-Dollar Team Joins Morgan Stanley Private Wealth Management in Washington, DC

Hammond Han, a 33-year industry veteran, led the Liberty Capitol Group while at UBS. Uncertain about UBS’s long-term vision and commitment to its US wealth management unit, the Liberty Capital Group chose to move to Morgan Stanley to better serve their high net worth client base and run the practice more efficiently.

Morgan Stanley Snags Six-Advisor UBS Team in D.C. With Billion-Dollar Book

Morgan Stanley Snags Six-Advisor UBS Team in D.C. With Billion-Dollar Book

By AdvisorHub Staff – Morgan Stanley Wealth Management continues to flex its recruiting muscle and has snagged a six-advisor team from UBS Wealth Management USA in Washington, D.C. that had managed $1 billion in client assets, according to a person familiar with the moves.

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