Louis Diamond Quoted
By Charles Paikert
Advisor Group’s future appears to be running through the wirehouses.
Price’s hire “signals a new direction in Advisor Group’s recruitment strategy,” says Louis Diamond, vice president of the New Jersey-based recruiting firm Diamond Consultants. “By bringing on a seasoned UBS executive, it seems as if they will begin targeting breakaway wirehouse advisers more aggressively.”
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
