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Channel change (one enterprise)

2 advisors moved from P•••• S••••••••• L•• to P••••••••• S••••• S••••••••• L••

Not a lift-out: both firms report P••••••••• Financial, 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 affiliatedtoindependent RIAAffiliated broker-dealer or bank to independent RIAderived from registration dates
Members
AdvisorBranchLeftRegistered
John SavoiePlymouth, MnDec 3, 2018Feb 7, 2018
Neal RobinsonPlymouth, MnDec 5, 2018Feb 9, 2018
The rule
Registrations ended
Dec 3, 2018 to Dec 5, 2018
Registered next
Feb 7, 2018 to Feb 9, 2018
Branch state
MN
Cities
1, most in Plymouth, Mn
Registered there that day
1,204 (people still on IAPD; an estimate)
Share of that headcount
0.2%
One enterprise because
both firms report P••••••••• Financial, 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.