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In the News

How Wirehouse Recruiting Cuts Affect All Advisors

Posted by Mindy Diamond

Financial Advisor-IQ

Mindy Diamond Quoted

Recent reductions in advisor recruiting at wirehouses will affect all advisors, even those planning to stay put, Mindy Diamond writes on WealthManagement.com.

Over the past year, Morgan Stanley, Merrill Lynch and UBS have announced plans to cut back on recruiting experienced advisors. The firms have said they plan to divert those resources to their existing advisors and grow those advisors’ assets under management. But it may not necessarily play out in the favor of those advisors, according to Diamond, president and CEO of recruiting and consulting firm Diamond Consultants.

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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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