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Team lift-out

2 advisors left N•••••••• W••••• P••••••• L•• for L•• F•••••••• L••

independent RIAtoBD affiliatedRIA to affiliated broker-dealer or bankderived from registration dates
Members
AdvisorBranchLeftRegistered
Leonel CalderonWest Hartford, CtSep 30, 2020Sep 30, 2020
Matthew William FortneyWest Hartford, CtSep 30, 2020Oct 18, 2017
The rule
Registrations ended
Sep 30, 2020
Registered next
Oct 18, 2017 to Sep 30, 2020
Branch state
CT
Cities
1, most in West Hartford, Ct
Registered there that day
10 (people still on IAPD; an estimate)
Share of that headcount
20%
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.