UBS Snags BofA Private Bank Team Overseeing $1.3B in Florida
UBS is increasing its recruiting efforts, offering top advisors deals of up to 550% of annual revenue while targeting experienced private bankers.
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 increase according to the CFP Board. The organization says its CFP certificate results in an 11% compensation increase over those without the designation. Industry recruiter Louis Diamond of Diamond Consultants, says the CFP Board’s Certified Financial Planner credential has become especially important
May 14, 2026Louis Diamond QuotedBy Katie Balevic, Mela Seyoum It’s not uncommon for wirehouse advisors to chafe at the bureaucratic system they work within. What is less common is a group of dozens of such advisors and their staff handing in their resignations at once and marching across the street to form their own independent firm. But the move was years
May 6, 2026Louis Diamond QuotedBy Andrew Cohen Advisors at The Retirement Planning Group will begin using the Cetera Planning Partners brand on July 15. Cetera said it expects Avantax Planning Partners to shift to the Cetera Planning Partners brand later this year. Louis Diamond of advisor recruiting firm Diamond Consultants says that Cetera-owned employee-advisor practices will support a rising valuation
Louis Diamond Quoted by Thomas Lee, WealthSoultionsReport.com – As Wirehouse Advisors Continue To Migrate To The Independent Channel, The Motivation Is Shifting From Autonomy Alone To Long-Term Enterprise Value, Scalability And Strategic Control.
Jaosn Diamond Quoted By Tobias Salinger, FinancialPlanning.com – “The firm is litigious — they have a reputation,” Diamond said. “Most advisors, if anything, are trying to fly under the radar when they leave. You don’t want to poke the bear.”
Transition Report Mentioned, By Peter Saalfield, CityWire – The number of experienced financial advisors who changed firms or models rose to the highest annual total since 2022, when Diamond Consultants began tracking the moves.
Louis Diamond Quoted By Andrew Welsch, Barron’s Advisor – When a group of financial advisors quit to open their own firm, their departure sparked a wave of resignations at Merrill—and a marathon effort to win over clients and $129 billion in assets.
Louis Diamond quoted by Dinah Wisenberg Brin, TinkAdvisor – Louis Diamond, CEO of Dimond Consultants, says he expects to see similar deals in the next year or two.