Billions on the move

More billion-dollar-plus teams have been pulling up stakes and changing firms in the last few years

Jul 11, 2014 @ 10:56 am

By Christina Nelson

Source: <i>InvestmentNews</i> data
Source: InvestmentNews data

A strong market often leads to satisfied clients, and satisfied clients to content advisers who are less eager to jump firms. Mason Braswell recently reported about a lull in adviser movement this year. But when it comes to a big team, particularly one with $1 billion or more in assets under management, even one move can have a significant impact on the losing and gaining firms involved.

This chart reveals the number of billion-dollar-plus moves every six months from 2010 to mid-2014. Compiled, the number of moves per year has grown fairly consistently, though the percentage these billion-dollar deals hold of the total assets under management in all moves has varied from a small portion to almost half.

Featured video


What top advisers are doing to stay ahead of the curve

Top advisers understand that they need to work outside the box and focus on generational reach. Susan Kay of MFS Fund Distributors, Inc. explains.

Latest news & opinion

Sen. Gary Peters brings broker background to work every day on Capitol Hill

Michigan Democrat resists ripping up DOL fiduciary rule but would be open to some changes.

DOL fiduciary rule causing DC-plan record keepers to change business with insurance agents

Principal has communicated that independent agents must change their business models to keep receiving compensation.

DOL fiduciary rule opponents want to push implementation back until 2019

ICI, Chamber of Commerce among groups asking for delay, while Democratic lawmakers call on DOL to keep to its earlier planned schedule of Jan. 1, 2018.

Take 5: Vanguard's new CIO Greg Davis talks bonds, stocks and costs

Having just stepped into the role, this veteran of the firm now oversees $3.8 trillion in assets in more than 300 mutual funds and exchange-traded funds.

Tech companies deploy behavioral finance tools for advisers

They seek to turn knowing more about clients into growing more revenue.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print