This Week in Wealth The winners and losers in advisor recruitment
Apr 24, 2026
They dig into where more than 11,000 advisors moved and which firms lost the most ground. Discussion covers big-team breakaways and which firms picked up the departures. They unpack a flurry of strategic moves from Charles Schwab, from lending pilots to AI and crypto plays. There is also a peek into a private Tiburon CEO summit and the mood among wealth leaders.
AI Snips
Chapters
Transcript
Episode notes
Record Advisor Moves Signal Increased Mobility
- 11,172 advisors switched firms in 2025, a 16% year-over-year increase and the highest total Diamond Consultants has recorded.
- The surge reflects greater choice in affiliation models and more aggressive recruiting deals across the industry.
Consolidation Drove Osaic Attrition
- Osaic experienced the largest attrition with 589 departures driven by internal consolidation and digesting the Lincoln Wealth acquisition.
- Lewis Diamond linked consolidation and integration stress to heightened vulnerability amid abundant independent options.
Pay Grid Change Triggered UBS Exodus
- UBS lost 318 advisors in 2025, more than double 2024's attrition, largely tied to a compensation grid change that provoked exits.
- The pay-grid shift was a clear, direct catalyst prompting advisors to move to independents and other wire firms.