Mindy Diamond Quoted
By Suleman Din
Morgan Stanley has grabbed its second multi-billion-dollar team from Merrill Lynch in less than a month.
It’s a major coup for Morgan Stanley on a lot of levels, says Mindy Diamond, president of the Chester, N.J.-based Diamond Consultants. “The size is a major coup, but more than that, the reason they moved. They believed they would have a better business platform within Morgan Stanley’s Graystone.”
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
