Advisers on the Move: The top 10 gainers (assets)

Advisers on the Move: The top 10 gainers (assets)
The following is a list of the ten firms that attracted financial advisers with the most assets during the 12-month period ending March 31, 2011, according to data recorded in the InvestmentNews <a href=InvestmentNews <a href=http://www.investmentnews.com/section/recruiting-moves>Advisers on the Move</a> database. During that time, InvestmentNews tracked 544 financial advisers that have changed firms, with more than $76 billion in client assets at the time of their departure.
AUG 01, 2011
By  Mark Bruno
The following is a list of the ten firms that attracted financial advisers with the most assets during the 12-month period ending March 31, 2011, based on data recorded in the InvestmentNews Advisers on the Move database. During that time, InvestmentNews tracked 544 financial advisers that have changed firms, with more than $76 billion in client assets at the time of their departure.

Top 10 gainers

Rank Firm AUM ($M) Reps added (Gross)
1 UBS Financial Services Inc 11,580 74
2 Barclays Wealth 11,000 14
3 CapTrust Financial 9,500 7
4 Morgan Stanley Smith Barney LLC 9,202 53
5 Dynasty Financial Partners 5,900 1
6 Wells Fargo Advisors LLC 3,801 29
7 Hightower Advisors LLC 2,500 19
8 Robert W. Baird & Co. Inc. 2,175 28
9 RBC Wealth Management 1,924 16
10 Harbor Investment Advisory 1,725 9
Source: Advisers on the Move database
About the findings: The InvestmentNews Advisers on the Move database is populated with direct submissions from advisers, broker-dealers and recruiting firms, in addition to aggregated news stories published by InvestmentNews and other sources. The data contained within is representative of a considerable sample of the overall recruiting activity in the industry; however, it does not include 100% of total actual recruiting activity.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave