Mindy Diamond Quoted
By Mason Braswell
In the heated competition to bring on new client assets, some of the wirehouses are broadening their search to include bank advisers, a group once thought of as not worth their effort, according to recruiters and branch managers.
“The major firms have become much more flexible and open as to where they will recruit advisers from,” said Mindy Diamond, president of career consulting firm Diamond Consultants. “Because the landscape has become more competitive, the big firms need to fish in other ponds in order to ensure success and meet their aggressive recruiting goals.”