FINANCIAL PLANNING | OCTOBER 8, 2026
Financial Planning examines accelerating wirehouse departures and what firms must offer to attract experienced advisors. The article cites Diamond Consultants’ latest Financial Advisor Transition Report, which found that 1,449 experienced advisors left the four major wirehouses in the first half of 2026, resulting in net attrition of 517 advisors.
Jason Diamond, President of Diamond Consultants, discusses the challenges facing wirehouses and why sophisticated advisory teams increasingly expect access to advanced planning, tax, trust, and other specialized resources.
“But some advisors will, and some big teams will need them.”
Jason Diamond | President, Diamond Consultants
Beyond compensation, the article explores how technology, autonomy, consistent policies, and the ability to support business growth influence advisors’ decisions about where to build their careers.
