The biggest adviser moves for the fourth quarter 2015
Tracking the more than $26 billion in AUM that changed firms late in 2015.
2015 was a busy year for adviser movement, according to the InvestmentNews Advisers on the Move Database. In the fourth quarter alone, over $26 billion in assets under management changed firms, totaling 63 teams of advisers.
In the graphics below, we’ve analyzed adviser move highlights from the fourth quarter of 2015, as well as overall trends seen in the data collected between 2010 and 2015.
Note that all data below comes via moves reported and recorded in IN‘s Advisers on the Move database. For even more recruiting data, check out the biggest billion-dollar moves since 2011.
The 10 Biggest Moves in Q4 2015
5,000
1,000
600
Credit Suisse Wealth Services
Morgan Stanley Wealth Management
Richard Zinman
Anthony Dertouzos
John Moreno
From:
To:
Advisers:
#1 New York: $5B:
#2 Chicago: $3.5B
From:
Credit Suisse Wealth Services
To:
Bank of America Merrill Lynch
Advisers:
Christopher Baldwin
Thomas Tyndorf
Andrew Skoglund
#3 West Nyack: $2.9B:
From:
To:
Advisers:
Bank of America Merrill Lynch
Raymond James
Chris Mahoney, Kevin Mahoney
Mark C. Marotta, Kristen Koluch
Phil Murphy
Quarterly Totals, 2010 – present
$50B
$40B
$30B
$20B
$10B
0
120
60
40
Total AUM moving
Number of teams moving
3/2010
3/2011
3/2012
3/2013
3/2014
3/2015
12/2015
7.52
11.24
24.99
16.76
24.71
26.36
43.65
26.96
46
49
91
74
106
112
61
The firms that gained the most AUM, Q4 2015
Raymond James
Morgan Stanley Wealth Management
Dynasty Financial Partners
Hightower Advisors
RBC Wealth Management
Net change in AUM: $6.53B
$2.78B
$2.35B
$1.75B
$824M
Teams net change
13
-5
3
3
5
The firms that lost the most AUM, Q4 2015
Credit Suisse Wealth Services
Wells Fargo Advisors
Barclays
JPMorgan Chase & Co.
LPL Financial
Teams net change
Net change in AUM: -$9.30B
-$1.50B
-$1.10B
-$775M
-$636M
-4
-7
-2
-3
-4
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