Advisers on the Move

Advisers on the Move: Latest trends in recruiting

Top moves, net gains and losses, plus daily move activity updated weekly (Updated on June 14, 2019)

May 20, 2019 @ 12:01 am

By Ellie Zhu

Daily adviser move activity
Net gains/losses in adviser headcount by channel, 2019 year-to-date
Top 5 moves of the week
Name of adviser(s) AUM Firm leaving Firm joining Transition Date
Taylor Browman, Tyler Weaver $240,000,000 Wells Fargo Clearing Services Stifel, Nicolaus & Company 6/7/19
J.R. Frenzel $220,000,000 Oppenheimer & Co. LPL Financial 6/5/19
Steve Clark, Rick Stubbs $175,000,000 Wells Fargo Clearing Services Stifel, Nicolaus & Company 6/13/19
Dave Bry $170,000,000 Wells Fargo Clearing Services Stifel, Nicolaus & Company 6/13/19
Michael Garrison Blockhus $150,000,000 D.A. Davidson & Co. RBC Capital Markets 6/5/19
Recruiting Gains
Firm Total moves
1. LPL Financial LLC 87
2. Raymond James Financial Services, Inc. 36
3. Stifel, Nicolaus & Company, Incorporated 23
4. Raymond James & Associates, Inc. 23
5. Wells Fargo Advisors Financial Network, LLC 21
Recruiting Losses
Firm Total moves
1. Wells Fargo Clearing Services 684
2. Merrill Lynch, Pierce, Fenner & Smith Incorporated 53
3. Morgan Stanley 45
4. LPL Financial LLC 27
5. Ameriprise Financial Services, Inc. 23
Source: InvestmentNews Advisers on the Move database
Note: Adviser moves are latest based on research and industry and government records.


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