Mindy Diamond Quoted
By Ralph R. Ortega and Paul Hechinger
The total number of financial advisors in the U.S. increased by 1.1% last year, the first uptick in nine years, according to a new report by Cerulli Associates.
“Those statistics make good sense,” agrees Mindy Diamond, president of Diamond Consultants. “We talk a lot about the aging financial advisor population, and with the succession crisis comes the need for a lot of senior advisors to tap their next generation.”
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
