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Channel change (one enterprise)

2 advisors moved from T• A••••••••• I••••••••• M••••••••• L•• to T• A••••••••• I•••

Not a lift-out: one firm's name is the other's with a word added, so the two CRDs are one enterprise and nobody left anyone. A channel switch, an integration after an acquisition or an affiliate transfer. Never counted as a team in or out.

independent RIAtono RAUMOtherderived from registration dates
Members
AdvisorBranchLeftRegistered
Christopher Emil CarrollFairfield, CtSep 7, 2023Feb 27, 2018
Christopher Jay DavisWest Hartford, CtSep 7, 2023Feb 27, 2018
The rule
Registrations ended
Sep 7, 2023
Registered next
Feb 27, 2018
Branch state
CT
Cities
2, most in Fairfield, Ct
Registered there that day
741 (people still on IAPD; an estimate)
Share of that headcount
0.3%
One enterprise because
one firm's name is the other's with a word added
Succession by the destination
none on the tape

A team is two or more advisors whose registrations through one firm ended within fourteen days of each other, from branches in the same state, all registering next through the same other firm. The kind is a printed rule, not a judgment: absorbed when half or more of the firm’s registered people moved or a succession names it, channel change when the two CRDs are one enterprise (same name, same 75%+ owner around the move, or one name the other with a word added), large transfer at fifty or more, lift-out otherwise.