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Channel change (one enterprise)

3 advisors moved from V••• F•••••••• A•••••••• I••• to V••• R••••••••• A•••••••• L••

Not a lift-out: both firms report V••• Holdings Inc. 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.

BD affiliatedtootherOtherderived from registration dates
Members
AdvisorBranchLeftRegistered
Vanessa GiustiBraintree, MaMar 29, 2019Apr 22, 2019
Jusjeet Paul SinghBraintree, MaApr 3, 2019Jun 7, 2019
Robert Domenic MacdonaldBraintree, MaApr 4, 2019May 13, 2019
The rule
Registrations ended
Mar 29, 2019 to Apr 4, 2019
Registered next
Apr 22, 2019 to Jun 7, 2019
Branch state
MA
Cities
1, most in Braintree, Ma
Registered there that day
1,305 (people still on IAPD; an estimate)
Share of that headcount
0.2%
One enterprise because
both firms report V••• Holdings Inc. 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.