Louis Diamond Quoted
By Jeff Benjamin
The breakaway broker trend is real and only getting more so, according to the latest research from TD Ameritrade Institutional, which Monday morning released its 2017 Breakaway to Independence Survey.
Louis Diamond, vice president at Diamond Consultants, said the brokerage industry has suffered enough “black eyes” since the 2008 financial crisis that it no longer carries the same level of swagger with consumers.
“Advisers are no longer thinking they need the wirehouse logo on their business card to be successful,” he said. “Breakaways have come to realize their clients are with them — for them.”
