Dimon Loves Retail Stockbrokers

Joshua M Brown
November 8th, 2009

Sir Jamie Dimon

I caught this in the New York Post this morning, thought it was pretty cool:

"I love the retail broker business because my dad is a broker and my grandfather was a broker and it was the first job I ever had," Jamie Dimon, 53, said at a Securities Industry and Financial Markets Association meeting Oct. 27. "So if you are really, really good, call JPMorgan. We'd be happy to hire you."

Jamie Dimon's dad Theodore, 78, is moving over his team of 5 brokers from Merrill Lynch to Bear Stearns Private Cient Group, a unit of Dimon's JPMorgan.

It's nice anytime the CEO of a Wall Street financial services conglomerate takes the time to compliment his advisors and brokers. After all, when bankers and traders almost blew up these firms, it was the retail advisors who kept the engine chugging, especially at the House of Mack and for the Thundering Herd.

Sources:

Dimon Dad Takes a Job at JPMorgan (NYP)