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.
Moves bring hundreds of millions in assets as firms compete for experienced advisors.
Raymond James is also welcoming a $480M Brooklyn team from Wells Fargo's independent network, while JPMorgan adds a $400M Goldman Sachs advisor in New York.
The combined platform unifies Avantax Planning Partners and The Retirement Planning Group, giving over 100 employee advisors access to in-house specialists across tax, estate planning, and insurance.
Beata Kirr brings 17 years at Bernstein Private Wealth Management and an earlier Goldman Sachs pedigree to her new post overseeing investment strategy for Northern Trust's billion-dollar family office clients.
Stifel CEO Ron Kruszewski says AI can boost advisor productivity and prompt more ideas around tax and estate planning, but “when you move to judgment, which is what our advisors do, it just really isn't that good."
“[AI] has already been helpful in our industry,” said Raymond James CEO Paul Shoukry, but acknowledged the limitations of the technology when it comes to advisor/client relationships.
Separately, UBS strengthens its Manhattan presence with a defector from Deutsche Bank, while Cetera welcomes a father-daughter tandem from Osaic.
Firms expand reach by recruiting advisors managing nearly $1B in client assets.
Higgins will support the development of the asset management company’s active ETF platform.
Meanwhile, Fair Oaks Wealth Management moves $140 million to Ameriprise from Edward Jones, and Prime Capital Financial adds a Fort Worth planning specialist.
“The right environment can elevate the impact I'm able to have on my clients,” said financial advisor Thomas K. Sutter.
Rising dominance of passive investing is pushing growth companies into private markets and reshaping the future of public equities.
Firm hires senior VP to drive digital roadmap, boost efficiency, and scale advisor tools.
