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Advisors on the Move: 30 career moves, $5.2B
Regional and independent firms are recruiting heavily from wirehouses, a trend that shows no sign of letting up anytime soon.

In recent weeks, advisors with $5.2 billion in AUM moved between firms. The biggest winners include Raymond James and Steward Partners, which is affiliated with the St. Petersburg, Florida-based brokerage. Both firms have been recruiting heavily and expanding branch offices. Steward Partners opened its 14th office in Houston by picking up an RBC team that managed $600 million.

The biggest losers include Merrill Lynch, Wells Fargo, RBC and UBS, as advisors overseeing millions of dollars in assets left for indie firms. A Merrill Lynch team overseeing $1 billion in client assets left to form an independent firm with help from Focus Financial. Several wirehouse executives have also jumped ship to work at fintech startups.

Scroll through to learn more about these advisor moves and others. For a look at our previous roundup, click here.


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