Two firms land teams managing more than $1.1 billion in combined assets from Kestra and Edward Jones.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Meanwhile, Cetera has drawn advisors managing around $390 million from LPL and Commonwealth, while Raymond James' financial institutions division announces its own LPL hire in Indiana.
Firms continue their quest to attract and retain the best advisor teams.
Meanwhile, Raymond James snags Edward Jones advisor in Arizona.
Meanwhile, LPL attracted a five-advisor team managing $380 million in Kansas, while a veteran with stripes from Morgan Stanley, UBS, and Fidelity has joined Prime Capital Financial.
Osaic has also reeled in another LPL team in North Carolina, while Raymond James' FNBO program gains momentum with a $515 million duo in Kansas City, Missouri.
The writing has been on the wall for Shah’s departure since the end of last year, industry executives said.
Survey highlights widespread lack of awareness as families struggle to save for future education costs.
Also, Cetera OSJ Wilde Wealth scoops a new COO from Ashton Thomas, while Texas-based Willis Johnson Wealth names its next CEO as part of a multigenerational succession.
A federal judge will no longer require searches of advisors' personal devices in the recruiting dispute between Ameriprise and LPL Financial as the case moves to a FINRA arbitration hearing set for October.
FNBO-backed recruits and a Boca Raton succession deal highlight continued advisor movement.
A veteran-led trio from UBS has also decamped to LPL's Linsco channel, while Cetera lured another longtime Commonwealth advisor in Michigan.
Firms pick up advisory capacity in Georgia, Missouri with next-gen advisor among the movers.
But competing wealth management firms have been doing their best to recruit away Commonwealth advisors.
Meanwhile, a $350 million UBS group launches their own firm with Sanctuary, while advisor-owned hybrid Ameriflex targets succession continuity with a national single-source platform.
The AI-driven next step in how advisors manage investments may be coming “faster than any of us think,” says Osaic’s Shannon Reid.
Bain Capital has joined Osaic's existing investors Ares and Lexington Partners.
Raymond James is also welcoming a $400M Merrill Lynch duo in Lexington, Kentucky, while RBC adds a $542 million UBS team in the Philadelphia market.
Osaic’s advisors began using the Jump and Zocks AI tools since early 2025.
