"Long weekends are no longer the thing that everybody shoots for," said Danny Sarch, a broker recruiter in White Plains, New York. "The problem is the clients don't want to hear from you––they want to enjoy the holiday weekend."
Chris Knust, a former Morgan Stanley adviser who managed $147 million in client assets before he moved to Ameriprise on Friday, May 9, said he chose a normal weekend for personal convenience.
Knust said he's happy with his choice because he did not have to risk interrupting clients' holidays and because he doesn't think the three-day weekend would have bought him much competitive space anyway.
"I don't know that one additional day would have made a material difference," Knust said. "The people who are going to prospect your clients are already prospecting your clients."