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Advisors on the move: 28 of the biggest most recent jumps
Wirehouse losses fed regional firms and the independent movement as the final weeks of the fourth quarter brought increased recruiting momentum to the advisory space.

Wells Fargo, Merrill Lynch, UBS, and Morgan Stanley all lost some talent, while RBC, Janney Montgomery Scott, Raymond James, and Ameriprise have each added to their pool of planners. The uncertainty surrounding the future of the Broker Protocol played a role in many advisors’ decisions.

Morgan Stanley surprised the industry when it exited the pact, which was struck in 2004 in order to allow a legal framework for breakaway advisors.

Almost 1,700 firms signed the Protocol.

Both UBS and Citigroup have also withdrawn from the accord. One team that oversaw $1.2 billion at UBS left to join J.P. Morgan Securities, making their move just before UBS's planned exit from the Broker Protocol on Dec. 1.

“I think it could be the beginning of the end of the protocol, and that would be bad for advisors and their clients,” Ross Intelisano, an attorney at New York law firm Rich, Intelisano & Katz, told On Wall Street in October.

Scroll through our slideshow to see 28 of the largest recent advisor moves.

For a look at our previous roundup, click here.