Mindy Diamond Quoted
By Lisa Beilfuss
Two of Wall Street’s biggest firms have a message for their brokers: Leave at your own risk.
Meanwhile, firms including Raymond James Financial Inc. and Dynasty Financial Partners, which offer breakaway brokers a place to run their own advisory business without having to deal with matters such as payroll and compliance, are “killing it right now,” said Mindy Diamond, an industry recruiter based in New Jersey.
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
