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In the News

UBS Pulls Out Of Protocol, Merrill Expected To Follow

Posted by Mindy Diamond

Financial Advisor

Mindy Diamond Quoted
By Dan Jamieson

UBS Financial Services is pulling out of the broker recruiting protocol. The move by UBS, which had announced earlier this year it would scale back recruiting efforts and focus on retention of existing brokers, was expected.

Mindy Diamond, president and CEO of Diamond Consultants, said she thought that Merrill Lynch, a unit of Bank of America, could soon exit the protocol. Speaking two weeks ago at the annual Schwab Impact conference in Chicago, Bernie Clark, executive vice president of Schwab Advisor Services, also predicted additional wirehouses might follow Morgan Stanley.

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About Mindy Diamond

CEO – By counseling advisors on how to ask the right questions and “dig deep”, she helps them look at all of the opportunities available to find the one that allows them to reach their full potential. That is, to best serve their clients and live a life that is in sync with their own beliefs and values. Learn more...

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