January 4, 2021
Louis Diamond Quoted
By Ian Wenik
SVB Financial Group, the parent of commercial bank Silicon Valley Bank, plans to buy Boston Private for about $900m in shares and cash.
Louis Diamond, an executive vice president at advisor recruiting and consulting firm Diamond Consultants, said the transaction indicated ‘SVB’s growing appetite for wealth management as a business line.’
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
