Louis Diamond Quoted
By Janet Levaux
One week after it became a publicly traded firm, Focus Financial Partners says it has a new member: Edge Capital Group of Atlanta, which as some $3.5 billion of client assets and six offices.
Focus’ IPO is a “huge deal” for the RIA industry as it “provides a way for others to follow in its footpath,” said Louis Diamond, executive vice president of Diamond Consultants, in an interview. “It validates the fact that the RIA space is not only a trend.”
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
