GlobalBriefing
The DFX Briefing for October 28, 2026: Corient absorbs Capwealth Advisors and its ten advisors
6 developments across 3 markets, what changed in the numbers, and the latest DFX investigations.
The 6 developments
- 1LeadWealth managementCorient takes all 10 Capwealth Advisors advisors amid 8 group moves since May
In the six months to Oct 28, DFX recorded 10 group moves of two or more into Corient, bringing 63 advisors.
- 2Wealth managementSix advisors leave RBC Capital Markets for Indivisible Partners as group exits continue
The six left RBC Capital Markets' Baltimore office for Indivisible Partners on the same day, registering by Oct 23.
- 3Wealth managementSeven advisors leave Truist for Rockefeller, which has added 14 groups in six months
The seven left Truist Advisory Services' Naples office for Rockefeller Capital Management on the same day, registering by Oct 21.
- 4Venture capitalPlato raises $16 million Series A led by Nava Ventures
DFX has recorded three other rounds led by Nava Ventures in six months.
- 5Private equityTA Associates acquires Rocscience for $535 million
The announcement puts the transaction value at $535 million.
- 6Venture capitalSava raises $10 million led by Gradient Ventures
DFX has recorded one other round led by Gradient Ventures in six months.
What changed this week
DFX calculationVenture rounds announced: 36 in the week of October 19, 2026, up 30% on the prior eight-week average of 28. Private equity deals announced: 29 in the week of October 19, 2026, down 43% on the prior eight-week average of 51.
The latest DFX investigations
- 1Wealth managementThe advisor migration: wirehouses lost 771 advisors to other channels in 90 days and recruited 480
DFX classified 5,540 recruiting moves in the SEC's advisor records by where advisors came from and where they went, after setting aside 701 bulk transfers and 391 moves between registrations of the same firm.
- 2Private credit$21 billion of BDC-held loans mature within a year, and BDCs pushed out 544 maturities in the quarter to June 30
723 borrowers, a back-loaded calendar peaking in July 2027, and 544 maturities pushed out in the latest quarter's schedules.
- 3Institutional allocatorsUp to $4.3 billion voted to private funds in six months at 15 US pension boards DFX tracks, 34% to infrastructure and energy
49 votes, each counted once, read from the boards' own materials.
Sources (14)
- SEC IAPD individual registration recordsOctober 27, 2026 · Cited by 1 claim
- SEC IAPD individual registration recordsOctober 23, 2026 · Cited by 1 claim
- SEC IAPD individual registration recordsOctober 21, 2026 · Cited by 1 claim
- Plato announced Series A of $16 release, October 28, 2026Cited by 1 claim
- TA announcement, October 9, 2026Cited by 1 claim
- Announcement on ta.com, September 8, 2026Cited by 1 claim
- Announcement on ta.com, September 1, 2026Cited by 1 claim
- Announcement on ta.com, August 25, 2026Cited by 1 claim
- Sava announced Funding round of $10 release, October 28, 2026Cited by 1 claim
- DFX records: SEC IAPD adviser registrationsCited by 3 claims
- DFX records: Venture round announcementsCited by 2 claims
- DFX records: PR Newswire and GlobeNewswire releasesCited by 1 claim
- DFX records: Press release wires and private equity firm news pagesCited by 1 claim
- DFX records: Private equity announcements and filingsCited by 1 claim
Read next
- Venture capitalA. O. Smith raises $400 million
- Private equitySpectrum Equity's $2.5 billion Fund XI, its largest, shows $2.375 billion on SEC filings
Three parallel Form Ds each report the same combined $2.375 billion, 19% more than Fund X. Nothing on file yet accounts for the rest of the announced $2.5 billion.
- Venture capitalInspired Capital Partners files first Form D for $450 million Fund IV
The new vehicle, Inspired Capital Partners IV, L.P., follows Inspired Capital Partners III, L.P., a 2024 vintage, and sets its offering at $450 million.
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