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Channel change (one enterprise)

4 advisors moved from J••• M••••• S••••••••• L•• to J••• M••••• P•••••• W••••• A••••••• L••

Not a lift-out: both firms report Jpm••••• Chase Holdings Llc 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.

wirehousetootherOtherderived from registration dates
Members
AdvisorBranchLeftRegistered
Arthur Nicholas KarabelasBoston, MaNov 10, 2017Nov 3, 2017
Christina CamuzziBoston, MaNov 10, 2017Nov 3, 2017
Jeffrey Marc ShermanBoston, MaNov 10, 2017Nov 3, 2017
Okita SeviBoston, MaNov 10, 2017Nov 3, 2017
The rule
Registrations ended
Nov 10, 2017
Registered next
Nov 3, 2017
Branch state
MA
Cities
1, most in Boston, Ma
Registered there that day
4,402 (people still on IAPD; an estimate)
Share of that headcount
0.1%
One enterprise because
both firms report Jpm••••• Chase Holdings Llc 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.