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Channel change (one enterprise)

2 advisors moved from 3••• C•••••• M••••••••• L•• to F•••••• I••••••••• M••••••••• I•••

Not a lift-out: both firms report Long Ridge Equity Partners I, L.p. as a 75%+ owner on Schedule A around the move, 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 RIAtoindependent RIARIA to RIAderived from registration dates
Members
AdvisorBranchLeftRegistered
Daniel William SnyderHartford, CtDec 21, 2023Feb 15, 2024
Michael Paul OttersonHartford, CtDec 21, 2023Dec 1, 2023
Scott Kevin HawleyHartford, CtDec 21, 2023Jan 30, 2024
John Arthur O'ConnorHartford, CtDec 31, 2023Dec 12, 2023
The rule
Registrations ended
Dec 21, 2023 to Dec 31, 2023
Registered next
Dec 12, 2023 to Jan 30, 2024
Branch state
CT
Cities
1, most in Hartford, Ct
Registered there that day
7 (people still on IAPD; an estimate)
Share of that headcount
29%
One enterprise because
both firms report Long Ridge Equity Partners I, L.p. as a 75%+ owner on Schedule A around the move
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.