PE-owned wealth platforms added 1,745 advisors and lost 948 in twelve months; 20 platforms net positive, 2 net negative

Across 23 of the 40 largest (by RAUM) wealth managers whose Schedule A owner resolves to a private equity sponsor, IAPD registration spans between 2025-09-21 and 2026-09-21 show 1,745 advisors joining and 948 leaving (net +797). Largest movers: Wealth Enhancement Advisory Services, Llc +139 (163 in, 24 out; TA Associates on Schedule A since 2019-10-07); Mercer Global Advisors Inc. +131 (146 in, 15 out; APH III GP LP on Schedule A since 2023-09-22); Rockefeller Capital Management +118 (141 in, 23 out; Viking Global Investors LP on Schedule A since 2018-08-23); Mariner +83 (128 in, 45 out; Leonard Green & Partners, L.P. on Schedule A since 2021-07-30); Osaic Wealth, Inc. -79 (346 in, 425 out; Reverence Capital Partners on Schedule A since 2019-08-30); Beacon Pointe Advisors, Llc +75 (92 in, 17 out; Kohlberg Kravis Roberts & Co. L.P. on Schedule A since 2022-02-03); Waverly Advisors, Llc +66 (69 in, 3 out; Hggc, LLC on Schedule A since 2022-01-18); Kestra Advisory Services, Llc +60 (161 in, 101 out; OAK Hill Capital Management, LLC on Schedule A since 2023-03-06).