Firm’s recruiting win offset by rival poaching experienced advisors and client assets.
Mariner Advisor Network was targeted to recruit and hire independent advisors.
Reverence Capital Partners bought Advisor Group in 2019 and then rebranded it Osaic four years later,
Bill Williams, who has run the independent contractor channel since 2008, will also take over the employee advisor business, recruiting and institutional partnerships.
Firms continue talent push with experienced advisors and multigenerational teams.
As Michael Jordan's 23XI Racing drives Robinhood-sponsored cars to the top of the NASCAR standings, fans can also use Robinhood's app to wager on race outcomes and other sporting events.
Meanwhile, Wells Fargo's FiNet welcomes a $300 million pair from Private Advisor Group, and Raymond James reels in another veteran advisor from Commonwealth.
InvestmentNews reported in February that Kestra was beefing up its group of recruiters.
Deal adds nearly $800M in assets, reinforcing long-term advisor continuity strategy.
Edward Jones reduced home-office staff by 4.5% in 2025 while using India-based contractors for digital and operations support, part of the industry's broader offshoring trend as LPL Financial opened its tech support center in India earlier this year.
In 2019, the SEC claimed Commonwealth had breached its fiduciary duty by failing to tell its clients that they could have invested in less expensive share classes of funds.
Meanwhile, Cetera expands its reach in Alabama with a former Ameriprise team, and a $360 million advisor team from Morgan Stanley joins RBC.
Firm pairs leadership transition with advisor recruiting boost in independent contractor division.
Survey data highlight shifting expectations for digital access, human guidance and intergenerational planning across both advised and self-directed channels.
The recruiting race continues unabated as firms add teams and assets across the US.
Alyssa Quinlan's 25-year professional and leadership record includes a blend of fine art credentials and Wall Street training at JPMorgan Chase and Citi.
Analysis finds scale and sweep‑balance edge position firms such as Schwab and LPL to benefit as AI boosts advisor capacity and trims costs.
LPL has also welcomed a veteran advisor pair managing $600M from D.A. Davidson as Raymond James' employee advisor division makes new hires in Texas and Massachusetts.
But the firm claims the deals it sold are sound and should be separated as the court proceeds.
New analysis shows nearly 6,000 advisors left since 2021, with senior departures rising sharply.
