Deborah Aronson Quoted
By Ann Marsh
Leading advisors at Cetera Financial Group say RCS Capital should either “fix its balance sheet problem” or sell the firm.
Failing either remedy, Cetera advisors will be forced to leave the firm, they contend.
Well-known recruiting firm Diamond Consultants says it has seen a marked increase in inquiries from Cetera advisors over the past year, according to Diamond senior consultant Deborah Aronson.
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
