| Firm | Gained AUM($M) | Lost AUM($M) | Net change($M) | Gained # of teams | Lost # of teams |
|---|---|---|---|---|---|
| Raymond James | 9,768 | 300 | 9,468 | 14 | 1 |
| 6 Meridian | 2,200 | 0 | 2,200 | 1 | 0 |
| RBC Wealth Management | 1,824 | 0 | 1,824 | 5 | 0 |
| Stifel Nicolaus & Co. | 1,445 | 372 | 1,073 | 4 | 2 |
| Hightower Advisors | 1,000 | 0 | 1,000 | 2 | 0 |
| Kestra Financial | 1,000 | 0 | 1,000 | 1 | 0 |
| Firm | Gained AUM($M) | Lost AUM($M) | Net change($M) | Gained # of teams | Lost # of teams |
|---|---|---|---|---|---|
| Morgan Stanley Wealth Management | 250 | 9,053 | -8,803 | 1 | 24 |
| Wells Fargo Advisors | 4,591 | 8,175 | -3,584 | 16 | 8 |
| Bank of America Merrill Lynch | 1,260 | 3,387 | -2,127 | 5 | 12 |
| UBS Financial Services | 378 | 1,171 | -1,393 | 1 | 10 |
| Transamerica Financial Advisors | 0 | 1,000 | -1,000 | 0 | 1 |
| Name of advisers | Adviser AUM ($M) | Firm adviser left | Firm adviser joined | Location of adviser |
|---|---|---|---|---|
| Paul Neuner, Kevin McFarland, Dominic Repetti, Neelab Naibkhyl, Timothy Cronin, Damon DeLillo, Michael Rozovics | 7,000 | Wells Fargo Advisors | Raymond James | San Diego, CA |
| Tom Kirk, Margaret Dechant, Andrew Mies, Bryan Green, Steve Bahm, Pam Smith, Sarah Hampton | 2,200 | Morgan Stanley Wealth Management | 6 Meridian | Wichita, KS |
| Phillip Friesen, Chuck Crowson, John Friesen, Greg Bowman, Josh Zeleskey, Karen Ronaghan, Bonnie McKinney | 1,000 | Morgan Stanley Wealth Management | RBC Wealth Management | San Antonio, TX |
| Wesley Lentz, Clinton VanLinder, Robert Amberg, Robert Campbell | 1,000 | Transamerica Financial Advisors | Kestra Financial | Kalamazoo, MI |
| David Fleisher | 900 | MetLife Premier Client Group | Axa Advisors | Philadelphia, PA |
Daejon Love and Taylor Chan's $1.3 million romance fraud scheme exposes how AI search engines can be manipulated by fabricated online identities
“It was a third party scam,” said the attorney representing the claimants.
Meanwhile, &Partners draws another Commonwealth practice, and Wealthcare welcomes a $550 million planning practice in the Northeast.
Palo Alto AI platform recruits RIA and fintech leaders as industry data show AI adoption reshaping advisor staffing.
Meanwhile, Raymond James, Wedbush, and LPL recruited veteran advisors from across Texas, North Carolina, and California.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
