Howard Diamond Quoted
Cetera Financial Group is slimming down.
Shutting down Turner can also be seen as a branding move, says Howard Diamond, managing director of Diamond Consultants, an industry research and consulting firm.
“Summit is the better name,” Diamond said. “It’s much more attractive to advisors. This was a smart thing for Cetera to do.”
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
