Howard Diamond Quoted
By Dave Lindorff
There was a time when working as an advisor or a broker was a solitary profession. You might work for a big brokerage or advisory firm, but in terms of building a book and dealing with your clients, you were on your own. Now, increasingly, advisors and brokers are working in teams — teams that they bring together or join on their own initiative.
Howard Diamond, managing director and general counsel of Diamond Consultants, a placement firm in Chester, N.J., specializing in the financial advisory profession, says the trend is happening for a number of reasons. “One thing is succession,” he says. Clients, he explains, want to know that if their advisor is getting on in years, there will be a smooth transition for them if something happens to her or him, or if he or she decides to retire.
