Mindy Diamond Quoted
By Mason Braswell
It’s homecoming season for some wirehouse advisers.
As headcount continues to decline and competition for assets of veteran advisers grows, firms like Bank of America Merrill Lynch are now more comfortable extending bonuses and employment offers to what was once considered an off-limits group: advisers who had left the firm to join a competitor.
“The competition for top advisers has gotten more fierce,” said Mindy Diamond, a recruiter with Diamond Consultants Inc. “Where people are going if they chose to leave is becoming more fractured, so the firms need to be more open-minded and flexible about who they are willing to consider.”
