Mindy Diamond Quoted
By Sarah Martinson
Merrill Lynch has landed three multi-billion-dollar teams in the last two weeks. The firm’s latest grab? A $3.3 billion group that left UBS to join Merrill’s Chicago office.
Recruiter Mindy Diamond says the string of recent hires is not surprising.
“No matter how much a company says they are retrenching, they will hire a team that looks like this,” she 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
