November 11, 2019
Louis Diamond Quoted
By Hazel Sheffield
“Success favors the brave.”
Those words appear beneath Michael Souza’s name on his LinkedIn profile. And that same quote is splashed prominently across the website of his company, Koa Wealth Management, the independent RIA he founded in San Diego that manages roughly $100 million in assets.
Louis Diamond, executive vice president and senior consultant at Diamond Consultants in New York, says the current climate is a perfect storm for potential breakaways. “Wirehouse brokers feel the squeeze from their firms who have time after time marginalized the advisor force, attempted to institutionalize individual businesses, and overall taken away as much freedom and control as possible.”
