Latest Updates
The $100B Question: Why Are the Majority of $10M+ Wirehouse Teams Landing at Wells Fargo?
Of the last 25 teams managing $10M or more in trailing-12-month production to make a move, 15 of them — a full 60% — landed at either Wells Fargo Advisors or Wells Fargo FiNet.
Morgan Stanley Nabs $1.5B J.P. Morgan Team in NYC
Morgan Stanley recruited TruCore Advisors, a J.P. Morgan Securities team managing approximately $1.5 billion in client assets, signaling a more aggressive recruiting posture.
Merrill's $8M / $1.3B Rising Star Lands at Morgan Stanley After Fierce Recruiting Battle
Shyan Ardalan, a 35-year-old Merrill advisor managing roughly $1.3 billion in Los Angeles, left for Morgan Stanley after spending his entire career at the Thundering Herd.
The State of Affairs at UBS
UBS Wealth Management U.S. is in the midst of a major transition, with new leadership pushing for a reset that has created disruption but is revealing a clearer long-term strategy.
FINRA Poised to Deliver Relief From Burdensome Outside Business Rules
FINRA's proposal to revise its outside business activity rule is in its final stages, awaiting SEC approval — a welcome relief for brokers caught up in enforcement over innocuous outside work.
Veteran UBS Team Managing $3.5B Breaks Away to Launch Beacon Coast Partners
A veteran UBS advisory team overseeing approximately $3.5 billion in client assets has left the wirehouse to launch an independent registered investment advisor in San Francisco.
The Advisor Endgame: Wirehouse vs. Independent Succession Options
An estimated 100,000 financial advisors are expected to retire in the coming years. The central question is not if they will monetize their business, but when and how.
Spring of Our Discontent? Merrill Advisors Eye Long-Term Career Choices
As some established large teams exit and others explore options, a slow shift is emerging among Merrill Lynch advisors questioning their future with the firm.
NewEdge Buys Out $6B UBS Breakaway's RIA in Milestone for Enterprise Equity Model
NewEdge added Birmingham-based Stonegate Investment Group, a $6 billion advisory practice, to the Pillar Channel of NewEdge Advisors — its largest buy yet for the employee-affiliation model.
What's Driving the Renewed Advisor Migration From J.P. Morgan
Large, high-producing teams are once again exiting J.P. Morgan Advisors, reflecting structural tensions within the platform that are increasingly difficult for entrepreneurial advisors to ignore.
Another Billion-Dollar Team Bolts Ameriprise for NewEdge in New York
Seven Bridges Wealth Advisors, a 14-person team managing roughly $1 billion, left Ameriprise's franchisee channel to join NewEdge Capital Group in White Plains, New York.
Wells Fargo Nabs Third Billion-Dollar Team in a Week
Wells Fargo Advisors has recruited its third billion-dollar team in roughly a single week, continuing one of the more notable recruiting stretches in wealth management this year.
Morgan Stanley's 50-Basis-Point Crypto Launch Just Reset the Pricing Debate
When Morgan Stanley flipped the switch on cryptocurrency trading inside E*Trade this morning, the headline number immediately stood out: 0.50% per transaction.
Another $1.9B Team Bolts Ameriprise as StackStone Wealth Launches Its Own RIA
The steady drumbeat of large defections from Ameriprise continues to grow louder as another tenured, high-producing group left to start an independent RIA.
Wells Fargo Woos $19M Morgan Stanley NYC Team With RIA Ambitions
Wells Fargo Advisors' multi-channel approach is resonating as it attracted an up-and-coming team from Morgan Stanley Wealth Management.
Rockefeller Adds $3B Merrill Team, $2B UBS Team in Spring Hiring Push
Rockefeller Capital Management has added two sizable wirehouse teams in recent weeks, pulling advisors from both Merrill Lynch and UBS.
The 500%+ Deal Isn't the Outlier — It's the New Floor
For decades, wirehouse recruiting packages have steadily pushed higher. What's changed isn't the direction—it's the speed.
Valuations: Comparing a W-2 Bank Deal vs. The Independents
Valuations are continually surging in a bull market for financial advisors. This rising tide is lifting advisors across all affiliation models.
Another Brick Out of the Wall: $600M Team Departs Ameriprise for RIA Integrated
Integrated Partners has added a $600 million advisory team from Ameriprise, marking the latest example of advisors chipping away from the legacy independent model.
UBS's First Green Shoot: Does $8.6M Merrill Hire Signal Recruiting Thaw?
After more than a year marked by a strategic reset, UBS's recruiting efforts may be showing their first real signs of life.
UBS Wins U.S. Bank Charter, Adds $375M Morgan Stanley Team in Texas
UBS has received approval to operate a full-service bank in the U.S., a move that could reshape how the firm competes for wealthy clients.
Raymond James Taps Kirk Bell to Lead Independent Contractor Division
Raymond James has named longtime executive Kirk Bell as president of its Independent Contractor Division, effective April 1.
Could Ameriprise Go Ex-Protocol?
Rumors are circulating that another large wealth management firm might exit the Protocol for Broker Recruiting. One name: Ameriprise Financial.
Seventy2 Capital Adds Five Wells Advisors in New Jersey
Seventy2 Capital Wealth Management has added a team of five financial advisors from Wells Fargo's employee channel to its Red Bank, NJ office.
Merit Financial Advisors Buys $434M Atlanta RIA
Merit Financial Advisors has acquired Yeomans Consulting Group, a Marietta, Georgia–based wealth management firm overseeing about $434 million.
NewEdge Adds $6 Billion Alabama RIA
NewEdge Capital Group has added a $6 billion advisory firm to its W-2 channel, boosting a program launched two years ago.
UBS Team With $1.7B Goes Independent With Wells Fargo FiNet
A UBS Wealth Management USA team managing roughly $1.7 billion in client assets has departed to join Wells Fargo FiNet in Minnesota.