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Diamond Consultants: Financial Advisor Recruiting FirmDiamond Consultants: Financial Advisor Recruiting Firm
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In the News

U.S. wealth managers grit teeth and prepare for Labor rule

Posted by Louis Diamond

Reuters

Louis Diamond Quoted
By Tariro Mzezewa

Wealth managers in the United States are cutting fees, relying more on technology to give advice and reducing the minimum amounts clients can hold in their brokerage accounts, all in preparation a new rule governing how they advise retirement savers.

“The rule isn’t the sole reason people are ready to move, but in every conversation we have, it is discussed because advisers will be impacted,” said Louis Diamond, vice president of Diamond Consultants, a New Jersey-based recruiting firm.

“For advisers who are already unhappy, the rule could be the straw that breaks the camel’s back.”

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About Louis Diamond

President – Someone who “looks at every angle from a strategic perspective.” Sophisticated advisors and business owners alike learn quickly that they’ve found the right person in Louis when seeking counsel and clarity on growth, career management and the ever-changing industry landscape. Learn more...

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