Mr. Howard S. Diamond

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  www.onwallstreet.com/news/Umpqua-RBC-Huntsman-2666028-1 - [Cached Version]
  Published on: 3/2/2010    Last Visited: 3/2/2010  

  However, if competition for brokers does heat up again, it will likely center around those with the largest books of business, said Howard Diamond, a managing director of Diamond Consultants, an executive search firm in Chester, N.J.
  
  If Umpqua and others are in the market for advisors with annual commissions in the more modest $300,000 to $400,000 range, they should have less trouble recruiting-provided they make respectable offers, Diamond said.
  
  A major item still on Johnson's to-do list is expanding the wealth management presence beyond its current single location throughout the bank's wider footprint. There are a number of possibilities for how the wealth management units will be laid out; private banking operations, for instance, will most likely be paired with Umpqua Investments or its commercial banking locations, he said.

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  www.portlandtribune.com/us_world_news/story.php?story_i - [Cached Version]
  Published on: 10/8/2008    Last Visited: 2/8/2009  

  The lure of established firms remains strong for some financial advisers even as many others seek to start up independent shops, said Howard Diamond, CEO of Diamond Consultants, a New Jersey based financial services recruiter.
  
  "We are seeing a lot of what I would call intra-wirehouse movement, since many advisers are comfortable working at a large firm and enjoying that model," he said. He predicted more of the same to come.
  
  That comfort level has not been high lately at Merrill Lynch, the world's largest retail brokerage by assets, which has lost a series of brokers to Morgan Stanley's global wealth management group during the past three weeks.
  
  Merrill's agreement to be bought by Bank of America Corp has left Morgan Stanley -- which recently got a $9 billion cash infusion from Japan's largest bank, Mitsubishi UFJ Financial Group Inc -- essentially the only majorstand-alone brokerage firm, said Diamond.
  
  Goldman Sachs Group Inc , which is the largest surviving independent Wall Street securities firm but which has far fewer brokers than Morgan Stanley, has a small private wealth business, but nothing on the scale of Merrill Lynch, Morgan Stanley or Swiss-owned UBS AG .
  
  Merrill Lynch's 16,000 advisers are waiting to hear of retention offers from Bank of America.
  
  "Merrill advisers are looking at the prospect of working for (Bank of America Chief Executive Officer) Ken Lewis and Bank of America and fear they will find themselves in a cost-cutting mentality," Diamond said.
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  Diamond is skeptical, however, that the lack of retention packages, did not enter into those conversations.
  
  "It has now been five weeks and still no word of retention packages coming from Bank of America," he said.
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  "Many advisers do not want to work for a bank, but they also don't wish to be independent -- after all, the last thing an adviser wants to do is to not only handle clients in a tough environment, but change the toner in the copier," Diamond said.

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  www.financial-planning.com/asset/article/590331/reinven - [Cached Version]
  Published on: 6/1/2008    Last Visited: 6/5/2008  

  "Look for a strong transition team," says Howard Diamond, managing director of Diamond Consulting, an executive recruiting firm that helps financial advisors make career transitions.

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  www.silicon-flatirons.org/events.php?id=786 - [Cached Version]
  Published on: 2/3/2010    Last Visited: 2/3/2010  

  Silicon Flatirons, ATLAS, and ITP present Howard Diamond, Chief Executive Officer of Diamond Consulting, Inc. as our featured entrepreneur
  
  Howard S. Diamond, our CEO, has served in significant corporate roles at a wide range of companies, including Executive Chairman or CEO of companies with Revenues ranging from $250,000 to over $2,500,000,000. He has also served in major Sales & Marketing roles at an equally large range of companies.

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  www.onwallstreet.com/news/Cerulli-wirehouse-Aite-266568 - [Cached Version]
  Published on: 2/3/2010    Last Visited: 2/3/2010  

  Howard Diamond, the chief operating officer of recruiting firm Diamond Consultants, said another difficulty in going independent is simply the time required. It can take nine to 12 months to get set up as an independent advisor, he said. So the advisors who feel like they just have to move immediately are likely to end up in another wirehouse where they at least "speak the same language," Diamond said.
  
  Still, he said that from his perspective, there has indeed been a lot more interest, and more discussions, from advisors in making that jump over the past year.

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  www.financial-planning.com/news/citigroup-brokerage-fee - [Cached Version]
  Published on: 10/9/2009    Last Visited: 10/10/2009  

  "It's certainly a step in the right direction," says Howard Diamond, managing director of Diamond Consultants, a Chester, N.J.-based financial recruiting firm.

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  amerikanow.com/?m=200812 - [Cached Version]
  Published on: 12/1/2008    Last Visited: 12/22/2008  

  "If you asked me six months ago I would be surprised, but in this day and age, it doesn't look as draconian, especially compared with what Citigroup did," said Howard Diamond, chief executive of Diamond Consultants, a Chester, New Jersey, recruiter specializing in brokerages.

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  news.yahoo.com/s/nm/20081212/bs_nm/us_bankofamerica - [Cached Version]
  Published on: 10/8/2008    Last Visited: 12/12/2008  

  "If you asked me six months ago I would be surprised, but in this day and age, it doesn't look as draconian, especially compared with what Citigroup did," said Howard Diamond, chief executive of Diamond Consultants, a Chester, New Jersey, recruiter.

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  news.asiaone.com/News/Latest%2BNews/Business/Story/A1St - [Cached Version]
  Published on: 10/25/2008    Last Visited: 10/25/2008  

  'These offers aren't going over well at all,' said Mr Howard Diamond, CEO of Diamond Consultants, a New Jersey based financial services recruiter. 'There is a message with the money.'
  
  'Eighty per cent of the Merrill guys we are speaking with are very unhappy with the offer - especially the guys just under a million in production,' he said.

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  www.financial-planning.com/bic_issues/2009_7/the-big-ba - [Cached Version]
  Published on: 7/1/2009    Last Visited: 7/4/2009  

  In some cases, clients actually forced advisors to change firms because they were so worried about their firms' health and management, says Howard Diamond, managing director of recruiting firm Diamond Consultants in Chester, N.J. "I know a number of advisors who have left because some of their larger clients said, 'If you don't move, we're leaving you.'"
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  "Merrill Lynch was always the pinnacle on Wall Street," says Diamond; advisors had freedoms such as wining and dining clients to their heart's content. "BofA had the bank mentality that they have to cater to the lowest common denominator. The fear for Merrill advisors was that "you're just going to be one of 20,000," says Diamond.
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  In general reps fear that a cost-cutting, bottom-line mentality will take hold, says Diamond.
  
  In the past, Wachovia had been very proactive in recruiting and integrating advisor talent, and its aggressive pay packages have signaled that it's the place to be, says Diamond.

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