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

UBS, Morgan Stanley Change Advisor Recruiting Landscape

Posted by Louis Diamond

FUNDfire

Louis Diamond Quoted
By Danielle Verbrigghe

UBS has followed Morgan Stanley in exiting the protocol for broker recruiting, dealing a serious blow to the landmark agreement meant to limit litigation when advisors change firms.

“When one firm makes a big move like this, the other ones follow,” says Louis Diamond, V.P. of Diamond Consultants, an advisor recruiting firm.

It seems likely that Merrill Lynch, which has also made efforts to scale back recruiting, could be the next one to leave the agreement, Diamond says, noting that he doesn’t have specific knowledge of the firm’s plans.

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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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