The great compensation shift: From solo stars to team players
Louis Diamond Quoted
By Charles Paikert
Anne Marie Stonich knew she had to make a change.
After five years at Brighton Jones, a large Seattle RIA, Stonich and two colleagues at the firm wanted to run a business their own way.
“Everyone is looking for advisors who can bring over assets and generate new business,” says Louis Diamond, executive vice president for Diamond Consultants. “These advisors are used to a generous payout of the revenue they’ve generated, and they expect to do much better in negotiating their next compensation package.”