Howard Diamond Quoted
By Dan Butcher
If you’re considering a move to an independent broker-dealer, small wealth management shop or registered investment adviser firm, now may not be the best time. And if you currently work at one of those, now might be the time to update your resume and prepare for an exit.
“We are hearing from many advisers currently in smaller broker-dealers who are looking at other options,” said Howard Diamond, COO and general counsel of Diamond Consultants.
“Under this model, advisers customize their compliance infrastructure to meet regulatory demands, but they also service their client base appropriately,” Diamond said. “This will largely mean that well-scaled platforms such as Dynasty, HighTower, Focus and Blair that can afford to engage service providers like Envestnet will thrive even more.”
