Wealth managementAdvisor move
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Wealth managementAdvisor move
The five left Commonwealth's Fairbanks office for &partners on the same day, registering by Sep 21.
5 advisors left Commonwealth Financial Network and registered with &partners on the same day, according to the SEC's investment adviser representative records (IAPD), with the move dated September 21, 2026.
DFX calculationOver the past six months DFX has recorded 15 group moves into &partners, bringing 59 advisors in all. It is not the first group to leave Commonwealth Financial Network this half-year: DFX recorded 51 other group departures, to &partners, Alongside, LLC, and Apollon Wealth Management, LLC and others.
Source: SEC IAPD individual registrations, grouped by DFX. Period: Apr 15 to Oct 12, 2026. Each point is a group of two or more advisors re-registering with &partners within days of each other. The green mark is this story. Each move is dated the day DFX observed it complete; the advisors' own registrations began earlier, on the dates the story gives.
| Date | Development | Kind | Figure |
|---|---|---|---|
| May 7, 2026 | Wells Fargo Advisors | Group move | 3 advisors |
| Jul 15, 2026 | Raymond James Financial Services Advisors, Inc. | Group move | 4 advisors |
| Sep 14, 2026 | Commonwealth Financial Network | Group move | 5 advisors |
| Oct 7, 2026 | Cetera Planning Partners | Group move | 3 advisors |
| Oct 7, 2026 | Cetera Investment Advisers LLC | Group move | 3 advisors |
The channel totals show the familiar drift out of the wirehouses. Inside them, DFX's records show a second contest: 448 moves between wirehouses that the totals do not count, with J.P. Morgan the only wirehouse among the largest net gainers and Merrill its largest source.
Five Commonwealth groups took 22 advisors to Kestra in four weeks. DFX's records put that inside a larger flow: 14 months after LPL closed the deal, Commonwealth still loses groups far faster than comparable broker-dealers.