Louis Diamond Quoted
By Andrew Welsch and Jessica Mathews
Wells Fargo’s brokerage ranks continue to shrink, indicating that a long-running decline in advisor numbers has yet to come to an end.
Louis Diamond, a recruiter at Diamond Consultants, who has worked with Wells Fargo, anticipates the number of advisors exiting will slow down.
“Obviously the data tells a different story, but I think a lot of people that were negatively affected by the banking scandals … have already left,” Diamond says.