Jason Diamond quoted – By Griffin Kelly, The Daily Upside – “You’ll see more advisors leaving, certainly in the first quarter, and they’re going to have a really hard time recruiting competitively for this year,” said Jason Diamond, president of Diamond Consultants.
Louis Diamond Quoted – By Glenn Koch, FAIQ.com – The wirehouse’s CFO said on Tuesday that the firm expects some advisors to leave in response to recent compensation changes and that the firm has adjusted its 2025 financial targets accordingly.
Louis Diamond Quoted – By Andrew Welsch, Barron’s – “With any comp plan changes, there are winners and losers, but this is the first one where I think the best you can say is at least I didn’t get hit too hard,” says Louis Diamond, president of recruiting firm Diamond Consultants.
Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – UBS Wealth Management USA is reworking a popular feature of its recruiting deals next year that had guaranteed experienced brokers’ deferred bonuses regardless of their revenue growth.
Louis Diamond Quoted – By Bruce Kelly, AdvisorHub – More than two decades old, the NFLPA’s registered player financial advisor program for years was limited to individual financial advisors.
Louis Diamond Quoted – By Brooke Southall, RIABiz – Dynasty Financial Partners hired an RIA coach in April, and now it’s dragging him out of retirement, handing him the controls of the ‘front-end’ and applying his advice to reboot the Mothership.
Louis Diamond Quoted – By Miriam Rozen, AdvisorHub – “The lack of an ability to hire support staff, even if the advisors want to and take it on their own expenses is a major problem,” said Louis Diamond, a recruiter who has helped advisors exit UBS. “We hear about that all the time.”
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.
Louis Diamond Quoted – By Mason Braswell, AdvisorHub – UBS Wealth Management USA has underscored that top producers are the future of its business with a grid-rate booster that was announced earlier this year and is set to pay out at the beginning of 2023.
Louis Diamond Quoted – By Miriam Rozen and Mason Braswell, AdvisorHub – With UBS Wealth Management USA’s reporting this week of an unusual net outflow of advisory assets in the second quarter, executives may be feeling some nostalgia for a longstanding award that was excised from broker compensation plans this year.
