Advisor teams, breakaways and RIA absorptions, quarter ending 2026-09-15
About this reportEvery figure is a count over SEC Form ADV filings and the IAPD registration tape, joined by DFX.The rule is printed at the end and every row leads to a page on this site where it can be checked against the filings. Nothing here is a forecast.This edition is fixed at 2026-09-15. For this week’s moves and the firms gaining and losing the most advisors over 90 days, updated hourly, read the Advisor Move Wire.
| Acquirer | Firms | Advisors |
|---|---|---|
| Wealth Enhancement Advisory Services, LLC | 4 | 18 |
| Farther | 3 | 10 |
| Corient | 2 | 27 |
| Coastal Bridge Advisors | 2 | 15 |
| Bluespring Wealth Management, LLC | 2 | 15 |
+10 additional acquirers
Every name, record and relationship behind this count, with the source on each.
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| Acquirer | Firms | Advisors |
|---|---|---|
| Wealth Enhancement Advisory Services, LLC | 12 | 59 |
| Mercer Global Advisors Inc. | 8 | 58 |
| Cerity Partners LLC | 8 | 55 |
| Beacon Pointe Advisors, LLC | 8 | 48 |
| Farther | 8 | 29 |
+15 additional acquirers
Every name, record and relationship behind this count, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
| Destination | Teams | Advisors |
|---|---|---|
| LPL Financial LLC | 56 | 183 |
| Wells Fargo Advisors | 34 | 89 |
| J.P. Morgan Securities LLC | 20 | 64 |
| Raymond James & Associates, Inc. | 17 | 48 |
| Raymond James Financial Services Advisors, Inc | 16 | 48 |
+10 additional destinations
Every name, record and relationship behind this count, with the source on each.
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| Source | Teams | Advisors |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | 36 | 111 |
| Wells Fargo Advisors | 25 | 75 |
| Morgan Stanley | 24 | 68 |
| LPL Financial LLC | 23 | 60 |
| Commonwealth Financial Network | 21 | 57 |
+10 additional source firms
Every name, record and relationship behind this count, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
| From | To | Teams | Advisors |
|---|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | J.P. Morgan Securities LLC | 9 | 35 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Wells Fargo Advisors | 8 | 20 |
| Wells Fargo Advisors | &Partners | 7 | 26 |
| Osaic Wealth, Inc. | LPL Financial LLC | 6 | 31 |
| UBS Financial Services Inc. | Raymond James & Associates, Inc. | 6 | 14 |
+15 additional flows
Every name, record and relationship behind this count, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
| Left | From | To | State | City | Advisors | Days to complete |
|---|---|---|---|---|---|---|
| 2026-07-31 | Osaic Wealth, Inc. | LPL Financial LLC | NC | Raleigh, Nc | 15 | 0 |
| 2026-06-29 | Ameriprise Financial Services, LLC | Stackstone Wealth, LLC | IA | Dubuque, Ia | 13 | 8 |
| 2026-09-03 | UBS Financial Services Inc. | Cresset Asset Management, LLC | FL | Boca Raton, Fl | 11 | 11 |
| 2026-08-10 | Merrill Lynch, Pierce, Fenner & Smith Incorporated | Rockefeller Capital Management | OH | Columbus, Oh | 11 | 2 |
| 2026-08-05 | Cetera Investment Advisers LLC | LPL Financial LLC | IA | Waterloo, Ia | 11 | 1 |
+10 additional lift-outs
Every name, record and relationship behind this count, with the source on each.
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| Left | From | To (new firm) | First ADV filed | State | Advisors |
|---|---|---|---|---|---|
| 2026-06-29 | Ameriprise Financial Services, LLC | Stackstone Wealth, LLC | 2026-06-24 | IA | 13 |
| 2026-06-17 | Thrivent Advisor Network, LLC | Intentgen Financial Partners | 2026-05-26 | MN | 7 |
| 2026-09-03 | Stratos Wealth Partners, Ltd | Twenty Four Wealth | 2026-08-31 | CT | 7 |
| 2026-07-29 | Cetera Investment Advisers LLC | East West Wealth Advisors LLC | 2026-07-22 | CA | 5 |
| 2026-08-25 | Cambridge Investment Research Advisors, Inc. | Langan Financial Group | 2026-07-15 | PA | 4 |
+10 additional breakaways
Every name, record and relationship behind this count, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
| First move | Firm | Acquirer | State | Advisors | Share of firm | Succession filed |
|---|---|---|---|---|---|---|
| 2026-06-17 | Vivaldi Capital Management LP | Corient | IL | 19 | 83% | no |
| 2026-07-08 | Iwp Wealth Management LLC | Matter Family Office | CO | 14 | 100% | no |
| 2026-08-10 | Ingalls Investment Management, LLC | Ingalls Investment Management, LLC | NY | 12 | 92% | no |
| 2026-07-08 | Ritter Daniher Financial Advisory LLC | Bluespring Wealth Management, LLC | OH | 10 | 100% | no |
| 2026-08-26 | Charter Oak Capital Management | Mercer Global Advisors Inc. | ME | 10 | 77% | no |
+15 additional absorbed firms
Every name, record and relationship behind this count, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
| Firm | State | RAUM | Prior year | Crossed |
|---|---|---|---|---|
| Pine Ridge Advisers LLC | NY | $14B | $5.1B | $10B |
| Concentric | CA | $14B | $7.7B | $10B |
| Alphacore Capital LLC | CA | $13B | $9.0B | $10B |
| Citizens Securities, Inc. | RI | $13B | $9.2B | $10B |
| Prospera Financial Services, Inc. | TX | $12B | $9.8B | $10B |
+15 additional firms
Every name, record and relationship behind this count, with the source on each.
7 days of DFX Intelligence free, then $199/month unless canceled. A card is taken when the trial starts.
A team is two or more registration changes from the same firm to the same firm in the same branch state, chained at fourteen days; an absorption is a team that carried half or more of the from firm’s registered headcount, or where the acquirer filed a succession naming the firm. Corporate re-registrations (25 or more people to one new CRD in a month) are excluded. Firm classes are printed rules over the filings. Counts are over registration spans of people on today’s feed, so older windows understate departures from the industry. Source: SEC Form ADV filings 2011 to date and the IAPD compilation feeds, read daily. Methodology