The 10 largest ‘Advisers on the Move’
The following is a list of the largest individual adviser or team moves, based on assets under management at the time of their departures, tracked in the InvestmentNews Advisers on the Move database for the 12-month period ending March 31, 2011.
The following is a list of the largest individual adviser or team moves, based on assets under management at the time of their departures, tracked in the InvestmentNews Advisers on the Move database for the 12-month period ending March 31, 2011. During that time, InvestmentNews tracked 544 financial advisers that have changed firms, with more than $76 billion in client assets at the time of their departure.
Top 10 moves
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| Rank | Adviser/Team | AUM ($m) | Leaving | Joining | Date |
|---|---|---|---|---|---|
| 1 | John A. Pickett, Jack Pratt, Roberta Kayatta | 8,500 | RBC Wealth Management | CapTrust Financial | 6/8/2010 |
| 2 | Michael C. Brown | 5,900 | U.S. Trust Wealth Management | Dynasty Financial Partners | 12/5/2010 |
| 3 | Scott Zelnick, Patrick McBrien and Heidi Guldbrandsen | 5,500 | Deutsche Bank Alex. Brown | Barclays Wealth | 4/21/2010 |
| 4 | Ronald Kern, Rollins Rubsamen Jr., W. Joseph Sammons, Myrteel Ward | 3,400 | WFG Investments Inc. | Morgan Stanley Smith Barney LLC | 11/17/2010 |
| 5 | James Egan, George Kolodka, Michael Reiser, Ria Hart, Jamie Weeks III, Hunter Hamm, Michael Schwartz | 2,200 | Multiple (see profile) | Barclays Wealth | 12/13/2010 |
| 6 | Roger Stephens, Dan Rothenberg, Theodore Fisher | 2,100 | Morgan Stanley Smith Barney LLC | UBS Financial Services Inc | 11/9/2010 |
| 7 | Dana Jacobs, Alan Vorwald | 1,700 | HSBC Private Bank | Barclays Wealth | 6/6/2010 |
| 8 | Robert Black III, Stephen Kelly | 1,200 | Credit Suisse | Harbor Investment Advisory | 5/13/2010 |
| 9 | Renato Reali, Paul Vigue, William Platt | 1,100 | Morgan Stanley Smith Barney LLC | UBS Financial Services Inc | 3/9/2011 |
| 10 | Jim Pierce, Jean Duffy, Andrew Shimp, Jen Eddleman | 1,000 | Holmes Murphy & Associates | CapTrust Financial | 12/28/2010 |
| 10 | Alan Harter | 1,000 | Morgan Stanley Smith Barney LLC | Pactolus Private Wealth Management | 2/10/2011 |
| Advisers on the Move | |||||
About the findings: The InvestmentNews Advisers on the Move database is populated with direct submissions from advisers, broker-dealers and recruiting firms, in addition to aggregated news stories published by InvestmentNews and other sources. The data contained within is representative of a considerable sample of the overall recruiting activity in the industry; however, it does not include 100% of total actual recruiting activity. For options on downloading the data gathered in the database, click here.
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