Howard Diamond Quoted
By Matt Sonnen
Howard Diamond of Diamond Consultants declared it the “most hectic week” they have ever experienced, and they’ve been leading the wirehouse recruiting game for over 15 years.
According to new interpretation by the DOL, wirehouses will no longer be allowed to offer back-end loaded deals to entice advisors and teams to jump ship at one wirehouse to join another. Howard declared this “the end of the world as we know it” in his recent article for RIABiz.
UBS is increasing its recruiting efforts, offering top advisors deals of up to 550% of annual revenue while targeting experienced private bankers.
Advisors at some of the largest firms in the country are leaving, and not in a trickle. In 2024 alone, more than 9,600 experienced advisors changed firms, according to industry data from Diamond Consultants.
June 12, 2026Louis Diamond QuotedBy Andrew Cohen Median compensation for financial planners reached $195,000 in 2025, marking a 15% year-over-year
