Recruiting & transitions

4 stories this week 87 in all, from the Advisors desk.

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Recruiting & transitions stories, page 2

Page 2 of 5

By date

Big four wirehouses lost a net 517 experienced advisors in first half of 2026

Oct 8

Fidelity says a few hundred advisory firms face its $100 million custody cutoff

Oct 7

Betterment waives custody fees through Dec. 31, 2028 for RIAs transferring from Fidelity

Oct 7

Small RIAs weigh joining a network to clear Fidelity's $100 million minimum

Oct 6

Rise Private Wealth Management is Schwab's fourth large Ameriprise breakaway of 2026

Oct 6

Fidelity tells sub-$100M custody clients to move as Schwab stops short of a promise

Oct 6

Fidelity gives sub-$100M RIAs until June 2027 to find a custodian

Oct 1

Concurrent acquires Spire, a $5.4 billion RIA with 30 advisor teams

Oct 1

Lakewood Wealth's $170 million Ann Arbor team moves from Cambridge to LPL

Oct 1

A $1.3 billion UBS duo joins Ascend Advisory Group in Dublin, Ohio

Sep 30

Rockefeller adds Truist's $6.2 million Piedmont Wealth Partners team in Charlotte

Sep 30

Most remaining Wells producing managers told to pick clients or management

Sep 29

UBS hires Merrill's John Pham and Jimmy Yip below $10M production minimum

Sep 29

UBS hires Merrill’s John Pham and Jimmy Yip, a $7.5 million Silicon Valley team

Sep 28

UBS's digital hire is a book-transfer play

Sep 26

Ameriprise pays advisors to stay, and prices the exit

Sep 24

UBS freezes the grid and bets stability beats a check

Sep 23

UBS holds the grid and prices what leaving costs

Sep 23

Schwab's fourth Ameriprise raid reprices the breakaway math

Sep 22

Altruist's AI head start makes custody choice a technology bet

Sep 22

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Recruiting & transitions

Recruiting & transitions stories, page 2

Page 2 of 5

Big four wirehouses lost a net 517 experienced advisors in first half of 2026

Fidelity says a few hundred advisory firms face its $100 million custody cutoff

Betterment waives custody fees through Dec. 31, 2028 for RIAs transferring from Fidelity

Small RIAs weigh joining a network to clear Fidelity's $100 million minimum

Rise Private Wealth Management is Schwab's fourth large Ameriprise breakaway of 2026

Fidelity tells sub-$100M custody clients to move as Schwab stops short of a promise

Fidelity gives sub-$100M RIAs until June 2027 to find a custodian

Concurrent acquires Spire, a $5.4 billion RIA with 30 advisor teams

Lakewood Wealth's $170 million Ann Arbor team moves from Cambridge to LPL

A $1.3 billion UBS duo joins Ascend Advisory Group in Dublin, Ohio

Rockefeller adds Truist's $6.2 million Piedmont Wealth Partners team in Charlotte

Most remaining Wells producing managers told to pick clients or management

UBS hires Merrill's John Pham and Jimmy Yip below $10M production minimum

UBS hires Merrill’s John Pham and Jimmy Yip, a $7.5 million Silicon Valley team

UBS's digital hire is a book-transfer play

Ameriprise pays advisors to stay, and prices the exit

UBS freezes the grid and bets stability beats a check

UBS holds the grid and prices what leaving costs

Schwab's fourth Ameriprise raid reprices the breakaway math

Altruist's AI head start makes custody choice a technology bet