Wells Fargo nabs $1.7B RBC advisor team, loses two teams to LPL

Well Fargo and LPL have each notched significant recruitment wins, with Wells Fargo welcoming a billion dollar-plus team from RBC while LPL's recruiting machine drew two defecting groups from the wirehouse.

The moves illustrate a pattern that has defined the industry through the first half of 2026: independent and hybrid-independent platforms continuing to draw talent away from traditional wirehouses, even as those same wirehouses work to backfill with lateral hires of their own.

Sheresky Samsen Group moves from RBC to Wells Fargo

Wells Fargo Advisors announced the addition of the Sheresky Samsen Group, a four-advisor team based in Greenwich, Connecticut from RBC Capital Markets.

The team is led by Steven Sheresky, his brother Jeffrey Sheresky, and Jeffrey Samsen – who all serve as managing directors of Investments – alongside Senior Vice President of Investments Kenneth Sheresky, Steve's son.

Together, the team oversees more than $1.7 billion in client assets, with the support of Senior Registered Client Associates Jeannine Barlotta and Stanley Weeks.

Anthony Arico, Metro North Market Leader for Wells Fargo Advisors, called the group "an excellent addition" as he highlighted the "deep client relationships and thoughtful, long-term planning" they founded their business on.

The newcomers from RBC arrive in the wake of Wells Fargo's other recent additions in June, including a former Stifel team that joined FiNet, its independent advisor channel, and four advisors that came in from across the West.

LPL adds veteran advisors from Idaho and Sacramento

While Wells Fargo was recruiting out of RBC, LPL Financial announced two separate additions of advisors exiting the wirehouse.

David Logsdon, founder of Summit Ridge Financial Advisors in the Sun Valley, Idaho area, joined LPL's broker-dealer and RIA platform. Logsdon has 30 years in the industry under his belt, according to LPL, and his BrokerCheck record with FINRA indicates a history with Wells Fargo stretching back 26 years. 

With the support of Wealth Management Client Associate Cecilia Moran, Logsdon reported serving approximately $380 million in advisory, brokerage and retirement plan assets, working with individuals, families, nonprofits and small businesses across more than a dozen states, with a practice built around a full balance sheet approach and complex estate planning needs.

"In today's rapidly evolving wealth management landscape, it's critical to partner with a firm that can deliver advanced technology, resources and comprehensive guidance," Logsdon said in a written statement explaining his move.

Separately, Doug Haskin and Jenny Haskin launched Haskin Private Wealth Advisors in Sacramento, California, affiliating through LPL's independent advisor network after also departing Wells Fargo.

The husband-and-wife team – who have worked together for roughly six years and bring more than two decades of combined industry experience – are joined by Michael Graham, a former Wells Fargo banker who's stepping into LPL as a registered administrative associate.

The Haskins oversee approximately $170 million in advisory, brokerage and retirement plan assets, serving business owners, retirees, multigenerational families and younger couples focused on retirement and education planning.

"Moving to independence allows us to focus entirely on our clients without the constraints of sales quotas or proprietary limitations," Jenny Haskin said.

Read more: LPL keeps spending big to recruit, attract advisors

Churning continues at wirehouses and broker-dealers

The moves land against a backdrop of historically high advisor turnover. According to AdvizorPro's May 2026 advisor movement report, the most recent snapshot available, more than 2,100 advisor transitions industrywide happened that month.

"The month came in well above recent averages, pointing to a market that remains highly active heading into the summer," the report said. 

LPL led all firms in raw inflows with 117 advisors joining its platform in May, while Wells Fargo Advisors recorded 44 inflows against 48 outflows, a net loss of four advisors for the month.

Looking at net inflows, LPL led the pack with AdvizorPro counting 53 incoming moves for the firm in May. Schwab, Raymond James, and Cetera also managed to secure net recruitment wins for the month.

"Large wirehouses and broker-dealers continued to be the primary sources of departing advisors, while a mix of independent platforms and newer entrants absorbed much of that talent," AdvizorPro said.