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.

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