By Alex Padalka
Ameriprise Financial has nabbed a veteran financial advisor from UBS Financial Services, according to a press release from Ameriprise.
Ruth Onkst is joining Ameriprise’s franchise channel with advisor Jim Onkst and business manager Stacey Stivers, the company says. Ruth Onkst’s practice has around $113 million in assets under managment, according to Ameriprise.
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
