At a glance
- HighWater Wealth, a $2.4 billion team, came from U.S. Bank.
- John Thiel, the former head of Merrill Lynch Wealth Management, is executive chairman and founder of Indivisible Partners, which recruited a $1.1 billion team from RBC Wealth Management.
- Carson Group added Doyle and Loughman Wealth Management, a $1.76 billion team, from Wells Fargo Advisors Financial Network.
LPL Financial took in $4.4 billion from two bank private-bank teams and another $1 billion from a Northwestern Mutual group, a $5.4 billion week for the platform.
HighWater Wealth, a $2.4 billion team, came from U.S. Bank. Align Private Wealth, a $2 billion practice co-founded by Travis Blessing and Scott Gilliam, came from PNC Private Bank and operates on LPL's platform. The Northwestern Mutual team of five is led by Julie Prince and Dave Burnett.
John Thiel, the former head of Merrill Lynch Wealth Management, is executive chairman and founder of Indivisible Partners, which recruited a $1.1 billion team from RBC Wealth Management. The named advisors on the move include Beth Rosenwald, Leksi Kovalerchik and Matthew Kunkel, with wealth-planning strategists and client-service staff listed alongside them.
Carson Group added Doyle and Loughman Wealth Management, a $1.76 billion team, from Wells Fargo Advisors Financial Network.
Raymond James Financial Services lost an eight-person, $1.4 billion team to Round Table Advisors; Dennis K. Wolfe and Anthony M. D'Andrea Jr. are identified as founder and majority owner on that move.
Our 30-day count has UBS with 56 departures, the heaviest of any firm, ahead of Raymond James Financial Services at 45, Northwestern Mutual at 40, RFG Advisory at 34 and Kestra Private Wealth Services at 29. On the arrivals side, LPL logged 70 over the same window, with Cetera Planning Partners at 50 and Ascentis Independent Advisors at 40.
UBS tops 30-day departures with 56 advisor moves
Firms ranked by number of departures, past 30 days
- UBS56 moves
- Raymond James Financial Services45 moves
- Northwestern Mutual40 moves
- RFG Advisory34 moves
- Kestra Private Wealth Services29 moves
Show as table
| Item | Value (moves) |
|---|---|
| UBS | 56 moves |
| Raymond James Financial Services | 45 moves |
| Northwestern Mutual | 40 moves |
| RFG Advisory | 34 moves |
| Kestra Private Wealth Services | 29 moves |
| Team or firm | From | To | Assets |
|---|---|---|---|
| HighWater Wealth | U.S. Bank | LPL Financial | $2.4B |
| Align Private Wealth (Blessing, Gilliam) | PNC Private Bank | LPL Financial platform | $2.0B |
| Doyle and Loughman Wealth Management | Wells Fargo Advisors Financial Network | Carson Group | $1.76B |
| Wolfe, D'Andrea and team | Raymond James Financial Services | Round Table Advisors | $1.4B |
| Rosenwald team | RBC Wealth Management | Indivisible Partners | $1.1B |
| Prince, Burnett and team | Northwestern Mutual | LPL Financial | $1.0B |
The departure tallies rank firms by number of moves, not by assets lost.
Reported by the Moves desk from PWD newsroom tracking of advisor moves and PWD 30-day departures and arrivals tracking. Published . Corrections