Career moves

The RIA practice with $575 million in AUM joined four teams of similar size who have signed on in the past year.

Two factors are prompting an upsurge in career changes.

The list includes the biggest wirehouse breakaway team in the past five years.

Fewer than half of advisors are happy at their current workplaces.

Evolution Financial Advisors has grown to 86 advisors with $2.6 billion in client assets under Securities America.

The No. 1 IBD also nominated a new board member and tapped key executives for advisor support and government relations.

The advisors are the newest additions to the firm’s expanding brokerage ranks.

The switch is the latest in a series of billion-dollar moves so far this year.

The 11-person team, which was assisted by Dynasty Financial Partners, was attracted by the raft of technology options in the independent space.

For one of the new hires, the move was about getting back to “a culture of a smaller, more personalized firm.”