Howard Diamond Quoted
By Charles Paikert
Can LPL Financial get the adviser recruits it needs to stay competitive as the nation’s largest independent broker-dealer?
And while LPL touts its size and scale as a plus, the company’s heft can also work against it, maintains Howard Diamond, managing director for Diamond Consultants.
“I think that LPL will continue to have challenges with their adviser recruiting this upcoming year,” Diamond says.
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
