Slide 1 of 27
Advisors who oversaw approximately $7.5 billion in client assets made major careers moves in April and May, continuing a long trend of job churn within the industry.

The trend of advisors jumping from wirehouses to regional broker dealers and independent firms has continued, despite some fears of punishment as wirehouses have exited the Broker Protocol.

UBS, which left the protocol in November, lost a team with $113M in AUM to Ameriprise and a team with $300M in AUM to Stifel. Stifel has been aggressively recruiting and also picked up advisors with previous experience from other regional firms and wirehouses like Credit Suisse, Merrill Lynch and Wells Fargo.

Wells Fargo, which is still part of the Broker Protocol, has also grappled with advisor exits amid ongoing scandals at the bank. In April, the wirehouse lost advisors to Steward Partners, Raymond James, Janney, Stifel and RBC.

Read on for more details about the advisors who made career moves this month. For a look at our previous roundup, click here.


next