INVESTMENTNEWS | NOVEMBER 4, 2026 | BY LEO ALMAZORA
InvestmentNews reports on Cleros Wealth Partners, a Fort Worth team that oversaw approximately $3.61B at UBS, launching an independent RIA with a minority investment from Elevation Point.
The coverage features Louis Diamond’s LinkedIn commentary and Diamond Consultants’ H1 2026 research: roughly two-thirds of departing UBS advisors moved to another W-2 firm.
“…those leaving UBS have been more inclined than their wirehouse peers to remain employees.”
Louis Diamond, Managing Partner, Diamond Consultants
That distinction adds context to UBS’s explanation of attrition, separating demand for independence from advisors’ decisions to change employers.
For a broader look at advisor destinations and recruiting trends, explore Diamond Consultants’ H1 2026 Wirehouse Advisor Transition Report.
