Overview

In this companion guide to the annual Advisor Transition Report, Jason Diamond and Louis Diamond share key findings and post-publication insights from the annual state of the industry, with updates on advisor movement, transition deals, and more.

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NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation.

Why do advisors change firms?

That simple question set us on a journey that began four years ago when we first conceived our Advisor Transition Report.

The cynical view is that advisors move primarily because they get paid highly lucrative recruiting deals—and with firms willing to pay aggressive multiples of revenue to recruit advisors, that explanation certainly holds some weight.

But what about the advisors who opted for a version of independence where transition capital is less available or even non-existent? Or the advisors who approach due diligence with complete disregard for recruiting deals, preferring to evaluate each firm on their own merits because their only focus is how to make life better for their clients?

It stands to reason that dollars alone are not a sufficient explanation for advisor movement, and certainly not to the high degree we have seen movement in recent years.

That’s why we publish our annual Advisor Transition Report: to connect the dots between the raw movement data and the answers to the overarching question of “Why?”

The goal is to arm advisors with the information they need to make an informed decision—even those who have no intention of making a move but simply want to be empowered with knowledge.

In this special Industry Update, Jason Diamond and Louis Diamond share key findings and post-publication insights, including:

It’s the annual episode that serves as a companion to the report, with key highlights and insider information.

Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002.

The 2025 Annual Report on Transitions and Deals for Financial Advisors – 2024 Activity Data

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