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

Why you don’t want to work for a small broker-dealer now

Posted by Howard Diamond

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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.”

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About Howard Diamond

Chief Operating Officer and General Counsel – A legal and business background combined with over a decade of experience in the wealth advisory space. Already a successful lawyer and litigator, the growth of Diamond Consultants presented a new career opportunity for Howard in 2005. Learn more...

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