Mindy Diamond Quoted
By Dan Jamieson
Morgan Stanley said Wednesday it had landed the Brice Group, a $4.5 billion advisor team, from Merrill Lynch.
They were very loyal to Merrill Lynch,” said recruiter Mindy Diamond, of Diamond Consultants LLC, who placed the team with Morgan Stanley.
“The decision to leave was not made lightly by any stretch of the imagination,” she said.
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
