••• Locked

a same-day team move names the losing and gaining firm; recruiters, custodians and aggregators act on it within days. Team of 3 advisors, 0.0% of the 23,331 advisors the losing firm registers; roughly $105M of RAUM at that firm's average per advisor (estimate, not a disclosed figure). Evidence class: derived; source IAPD individual compilation feed (every investment adviser representative, daily).

L•• F•••••••• L•• · firm

computed from facts with a stated formula and window

Happened 2026-07-24First seen 2026-09-23

Confidence: 85%
Parties affected: 2, 2 who benefit

Open the record Universe: firms in motion

DFX product: Advisor Recruiting Intelligence

What changed

3 advisors left L•• F•••••••• L•• (Indiana, PA) for A••••••••• F•••••••• S•••••••• L•• within 18 days

Why now: Dated 2026-07-24 (filing); first seen by DFX 2026-09-23.

Earlier readings: reading (Jun 12, 2026) → reading (Jun 15, 2026) → reading (Jun 16, 2026) → reading (Jun 19, 2026) → reading (Jun 24, 2026) → reading (Jun 30, 2026) → reading (Jul 22, 2026) → reading (Jul 24, 2026), this reading

Who this matters to

only relationships the graph supports

Primary

L•• F•••••••• L••adverse
lost the team. the firm that lost advisors · DFX signal history · Jul 24, 2026

Secondary

A••••••••• F•••••••• S•••••••• L••favourable
gained the team. the destination firm · DFX signal history · Jul 24, 2026

Potential beneficiaries

Advisor recruiters (class)favourable
recruits from firms in motion. colleagues follow a team · class level, no firm named
Custodians (class)favourable
custodies the moving assets. assets re-paper on a move · class level, no firm named

Buyer classes for this family: RIA aggregators, Advisor recruiters, Custodians, RIA principals.

What would make this wrong

the registrations are a re-registration under a renamed firm

Who would own this decision

public roster names; business contact details are an account feature

No credit, portfolio or investment lead on the roster.

Everyone else on the roster (6)

J•••• S•••• B••••••• · Vice President, Chief Financial Officer and Controller · A••••••••• F•••••••• S•••••••• L••
M••••••• D•••• D•••• · Region Vice President (Texas Designated Officer) · A••••••••• F•••••••• S•••••••• L••
J••••• D••••• F•••••• · Senior Vice President and Chief Compliance Officer · A••••••••• F•••••••• S•••••••• L••
M•••••• J•• A•••••• · President and Chief Financial Officer · L•• F•••••••• L••
A••••• A•••••••• B•••• · Managing Director, Chief Legal Officer and Director · L•• F•••••••• L••
L••••••• S••• D••••• · Managing Director, Chief Human Capital Officer · L•• F•••••••• L••

Evidence

Evidence, method and the rank's parts

Sources

IAPD individual compilation feed (every investment adviser representative, daily) · Jul 24, 2026adviserinfo.sec.gov

What would make this less concerning

the registrations are a re-registration under a renamed firm

Actionability, eleven dimensions (0 to 5)

novelty5
confidence4
timeliness4
actionability3
affected entities2
economic magnitude1
financing consequence0
portfolio consequence2
commercial consequence5
investment consequence1
fundraising consequence

More advisor recruiting intelligence signals

U•• F•••••••• S••••••• I•••exposure unknownSep 3, 2026
R•••••• J•••• F•••••••• S••••••• A•••••••• I••exposure unknownAug 31, 2026
O•••• W•••••• I•••exposure unknownJul 31, 2026

All 387 advisor recruiting intelligence signals

Not yet on record: advisors, historical lift, median warning.