Wealth managementAdvisor move
Six advisors leave Commonwealth for Kestra
The six left Commonwealth's Lacey office for Kestra within 4 days, registering by Oct 8.
Reading the graph
Reading the graph
Wealth managementAdvisor move
The six left Commonwealth's Lacey office for Kestra within 4 days, registering by Oct 8.
6 advisors left Commonwealth Financial Network and registered with Kestra Advisory Services, LLC within days of each other, according to the SEC's investment adviser representative records (IAPD), with the move dated October 8, 2026.
DFX calculationOver the past six months DFX has recorded 21 group moves into Kestra Advisory Services, LLC, bringing 62 advisors in all. It is not the first group to leave Commonwealth Financial Network this half-year: DFX recorded 54 other group departures, to &partners, Alongside, LLC, and Apollon Wealth Management, LLC and others.
6 advisors moved from Commonwealth Financial Network to Kestra Advisory Services, LLC.
DFX classified 5,889 recruiting moves in the SEC's advisor records by where advisors came from and where they went, after setting aside 671 bulk transfers and 415 moves between registrations of the same firm. LPL Financial led the net gains.
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.
Source: SEC IAPD individual registrations, grouped by DFX. Period: Apr 23 to Oct 20, 2026. Each point is a group of two or more advisors re-registering with Kestra Advisory Services, LLC 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 |
|---|---|---|---|
| Apr 29, 2026 | Commonwealth Financial Network | Group move | 3 advisors |
| Jun 17, 2026 | Osaic Wealth, Inc. | Group move | 2 advisors |
| Jul 2, 2026 | Ameriprise Financial Services, LLC | Group move | 4 advisors |
| Jul 28, 2026 | BFC Planning, Inc. | Group move | 2 advisors |
| Aug 4, 2026 | Newedge Advisors | Group move | 2 advisors |
| Aug 12, 2026 | Cetera Investment Advisers LLC | Group move | 4 advisors |