At a glance
- Alliant is hiring on a W-2 basis, so a team joins as employees rather than as owners of their own firm.
- A team joining Alliant gives up the equity it would hold at an independent firm.
- Rockefeller added a three-partner Truist team in Atlanta managing $700 million, and the group produced $4 million in annual revenue, according to AdvisorHub.
Alliant is building an RIA recruiting arm led by Dan Newhall, aimed at advisor teams with $200 million to $2 billion in client assets for the firm's retirement and wealth division.
Alliant is hiring on a W-2 basis, so a team joins as employees rather than as owners of their own firm.
A team joining Alliant gives up the equity it would hold at an independent firm. In exchange, the team may gain introductions from a parent that already sells retirement and benefits services to corporate clients, potentially putting a plan sponsor in front of a wealth team.
Rockefeller added a three-partner Truist team in Atlanta managing $700 million, and the group produced $4 million in annual revenue, according to AdvisorHub. Morgan Stanley's new five-partner Merrill team, led by Rial A. Barnett, manages $5.9 billion, roughly three times the top of Alliant's band.
Kintra Wealth, a $4.3 billion RIA, has also started recruiting teams. CEO Andy Harris says new teams must fit a model he calls interdependence, and the firm expects more acquisitions in 2026.
The Merrill team was three times Alliant's ceiling
Client assets per team ($B), with Alliant's target floor and ceiling
- Morgan Stanley Merrill team$5.9B
- Alliant target ceiling$2B
- Rockefeller Truist team$0.7B
- Alliant target floor$0.2B
Show as table
| Item | Value ($B) |
|---|---|
| Morgan Stanley Merrill team | $5.9B |
| Alliant target ceiling | $2B |
| Rockefeller Truist team | $0.7B |
| Alliant target floor | $0.2B |
Reported by the Practice management desk from Private Wealth Daily data pack coverage, compiled from firm announcements and AdvisorHub. Published . Corrections