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 August 23, 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
Ramon Burrola, Ivan Burrola, Alex Burrola, Adalberto Rosas, Guillermo Elias $210,000,000 Morgan Stanley Raymond James & Associates 8/23/19
Gary Michael Cowles $150,000,000 Lion Street Financial Cambridge Investment Research 8/12/19
Evan Jeremy Mayer $150,000,000 Suntrust Advisory Services, Inc. Raymond James Financial Services 8/09/19
Bura Virgil Lawson Jr., Thomas Roper Fields Jr., Thomas Roper Fields III $150,000,000 Wells Fargo Clearing Services Raymond James & Associates 8/07/19
Maria B Castellon $100,000,000 Wells Fargo Clearing Services J.P. Morgan Securities 8/07/19
Recruiting Gains for second quarter
Firm Total moves
1. LPL Financial LLC 53
2. Merrill Lynch, Pierce, Fenner & Smith Incorporated 25
3. Wells Fargo Clearing Services, LLC 23
4. J.P. Morgan Securities LLC 22
5. Edward Jones 21
Recruiting Losses for second quarter
Firm Total moves
1. Merrill Lynch, Pierce, Fenner & Smith Incorporated 52
2. Morgan Stanley 37
3. Wells Fargo Clearing Services, LLC 31
4. Ameriprise Financial Services, Inc. 29
5. Capital Financial Services, Inc. 26
Source: InvestmentNews Advisers on the Move database
Note: Adviser moves are latest based on research and industry and government records.


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