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Team lift-out

2 advisors left W•••• F•••• A••••••• for S•••••• N••••••• • C••••••• I•••••••••

wirehousetonational BDWirehouse to affiliated broker-dealer or bankderived from registration dates
Members
AdvisorBranchLeftRegistered
Kevin R WallsNewark, DeOct 30, 2015Oct 29, 2015
James Richard WallsNewark, DeNov 2, 2015Oct 29, 2015
The rule
Registrations ended
Oct 30, 2015 to Nov 2, 2015
Registered next
Oct 29, 2015
Branch state
DE
Cities
1, most in Newark, De
Registered there that day
12,916 (people still on IAPD; an estimate)
Share of that headcount
0.0%
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.