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In the News

Will Merrill Be Next to Exit Broker Protocol?

Posted by Louis Diamond


Louis Diamond Quoted

Merrill Lynch likely will be the next wirehouse to abandon the broker recruitment protocol, according to industry recruiters interviewed by InvestmentNews.

Louis Diamond, vice president at Diamond Consultants, tells InvestmentNews: “Along with UBS and Morgan Stanley, Merrill has said that they would focus more on organic growth, and bringing in young people and trainees. Merrill stands to lose by far the most for staying in the protocol, particularly as their biggest rivals, Morgan Stanley and UBS, are no longer in it.”

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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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