Mindy Diamond Quoted
By Elizabeth Dilts
The wealth management recruitment wars continued in 2014, as 711 top U.S. securities brokers managing roughly $98 billion in client assets decamped to rival firms or started their own businesses, Reuters records showed.
“The most movement is at the top of the food chain, a trend that started in 2014 and will continue in 2015,” said Mindy Diamond, president of the brokerage recruiting firm Diamond Consultants, referring to teams with large amounts of assets. To be sure, many of these moves involved brokers leaving one large company for another.