The shared identity layer holds 8 graphs (al, family office, independent sponsor, pc, private equity, ref, RIA and wealth and venture) and resolves 16,633 clusters onto at least three of them by shared CRD, CIK, EIN, ADV fund id or individual CRD, never by name; 2,208 span four or more and 454 span five. Examples: ROCKEFELLER CAPITAL MANAGEMENT, Stepstone Group Inc., Hamilton Lane, SUMMIT PARTNERS, L.P., Capital Dynamics, Inc., LEGACY KNIGHT MFO, LLC, FOCUS PARTNERS WEALTH, LLC, HARBOURVEST PARTNERS, LLC.
Sep 16, 202612 evidence rowsconfirmed today
Across 23 of the 40 largest (by RAUM) wealth managers whose Schedule A owner resolves to a private equity sponsor, IAPD registration spans between 2025-09-18 and 2026-09-18 show 1,757 advisors joining and 955 leaving (net +802). Largest movers: Wealth Enhancement Advisory Services, Llc +144 (168 in, 24 out; TA Associates on Schedule A since 2019-10-07); Mercer Global Advisors Inc. +130 (146 in, 16 out; APH III GP LP on Schedule A since 2023-09-22); Rockefeller Capital Management +120 (143 in, 23 out; Viking Global Investors LP on Schedule A since 2018-08-23); Mariner +86 (130 in, 44 out; Leonard Green & Partners, L.P. on Schedule A since 2021-07-30); Osaic Wealth, Inc. -81 (348 in, 429 out; Reverence Capital Partners on Schedule A since 2019-08-30); Beacon Pointe Advisors, Llc +76 (93 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 +56 (156 in, 100 out; OAK Hill Capital Management, LLC on Schedule A since 2023-03-06).
Sep 18, 2025 to Sep 18, 202623 evidence rowsconfirmed today
Form ADV Schedule A and B name the owners of each adviser. 550 owner rows on 319 advisers resolve by identifier to a sponsor on the private equity graph (precision 1.00 on track Z's labels); 103 of those advisers are wealth managers with 37,613 registered advisors and $4.78T of RAUM as filed. Largest sponsors by wealth platforms: Clayton, Dubilier & Rice, LLC 35 (Ancora Private Wealth Advisors, Llc, Ars Wealth Advisors, Asset Advisors, Badgley Phelps Wealth Managers, ...); Reverence Capital Partners 5 (Osaic Advisory Services, Llc, Osaic Institutions, Inc., Osaic Wealth, Inc., Seia, ...); OAK Hill Capital Management, LLC 5 (Goldstein Advisors, Llc, Hughes Financial Services, Llc, Kestra Advisory Services, Llc, Kestra Private Wealth Services, Llc, ...); Bain Capital Private Equity, LP 4 (Ac Wealth Partners, Envestnet Pmc, Envestnet Portfolio Solutions, Inc., Qrg Capital Management, Inc.); Leonard Green & Partners, L.P. 3 (Mariner, Mariner Advisor Network, Mariner Independent); The Vistria Group, LP 3 (Ingham Retirement Group, Pasi Investments, Llc, The Mather Group, Llc).
Sep 17, 202625 evidence rowsconfirmed today
Between their annual amendments for fiscal 2024 and 2025, 29 wealth managers (independent, mixed, broker-dealer, bank affiliated, national BD RIAs and wirehouses) with $1B or more of RAUM on the earlier filing reported a fall of 25% or more, $434.9B to $230.9B in total. Largest: Goldman Sachs & Co. Llc $233.2B (2025-04-01) to $133.6B (2026-03-31), -43%; Edgewood Management Llc $35.9B (2025-03-28) to $21.5B (2026-03-27), -40%; Northcoast Asset Management Llc $31.7B (2025-04-01) to $5.0B (2026-02-19), -84%; Envestnet Portfolio Solutions, Inc. $29.3B (2025-03-31) to $17.3B (2026-04-13), -41%; Evoke Advisors $27.7B (2025-03-28) to $17.3B (2026-04-30), -38%; Milagre Wealth Management, Inc. $11.4B (2025-04-09) to $137M (2026-03-31), -99%.
Sep 18, 2023 to Apr 30, 202629 evidence rowsconfirmed today
Among 829 advisers with 25 or more registered advisors, the largest net losses of registered advisors between 2025-09-18 and 2026-09-18: Merrill Lynch, Pierce, Fenner & Smith Incorporated -952 (588 in, 1,540 out, 25,477 registered); Commonwealth Financial Network -561 (92 in, 653 out, 2,942 registered); Equitable Advisors, Llc -461 (98 in, 559 out, 4,624 registered); Edward Jones -403 (332 in, 735 out, 24,084 registered); Strategic Advisers Llc -396 (320 in, 716 out, 16,954 registered); Ubs Financial Services Inc. -335 (293 in, 628 out, 9,349 registered). 30,000 firm-to-firm moves in the year across 6,136 firms.
Sep 18, 2025 to Sep 18, 202612 evidence rowsconfirmed today
Among 829 advisers with 25 or more registered advisors, the largest net gains of registered advisors between 2025-09-18 and 2026-09-18: Lpl Financial Llc +871 (1,816 in, 945 out, 23,319 registered); J.P. Morgan Securities Llc +458 (1,110 in, 652 out, 14,152 registered); Raymond James Financial Services Advisors, Inc +318 (636 in, 318 out, 6,694 registered); Empower Advisory Group, Llc +286 (393 in, 107 out, 1,944 registered); Schwab Wealth Advisory, Inc. +203 (260 in, 57 out, 1,643 registered); Vanguard Advisers, Inc. +168 (281 in, 113 out, 2,422 registered). 30,000 firm-to-firm moves in the year across 6,136 firms.
Sep 18, 2025 to Sep 18, 202612 evidence rowsconfirmed today