The Diamond Podcast for Financial Advisors 2025 Mid-Year Report on Deals, Transitions, and Recruiting A Special Industry Update
Sep 11, 2025
Dive into the competitive landscape shaping the financial advisory industry in 2025. Discover how headline-making transitions and evolving deal structures are impacting recruitment strategies. Explore the financial benefits of independence for advisory teams and the dominance of leading firms in the independent space. Uncover future trends like retire-in deals and the role of private equity in recruitment dynamics. Stay ahead of the curve with insights on advisor movement and the shifts happening at major firms!
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2025 Is Exceptionally Competitive
- The first half of 2025 shows unusually high movement, evolving deal structures, and intense competition for advisors.
- Jason Diamond and Louis Diamond view 2025 as shaping up to be one of the most competitive years yet.
Supply Drives Bigger Deals
- Supply and demand drives higher deals as more firms chase a limited pool of transitioning advisors.
- Firms follow competitors' moves, creating cascading 'domino' increases in competitiveness.
Merrill's Return Reshapes Market
- Merrill has returned to aggressive recruiting and is paying top deals on the street.
- That re-entry shifts the competitive landscape and prompts peers to respond.
