January 13, 2020
By Mindy Diamond
Change is a fact of life, and humans are built with varying degrees of adaptability and resilience. That is, there are those who see change for what it is and rise to new challenges, and others who turn their heads in hopes that things will “settle down.”
Yet, in the wirehouse world, there is no sign that things will settle down.
The fact is that much has changed—and continues to do so—in four key areas.
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
