At a glance
- The two numbers have traded places before, but the gap this time is the direction of travel.
- The busiest actors sat at the top.
- A deal closes and the practice is yours, clients included.
Announced deals beat advisor moves last month: 212 to 201. The two numbers have traded places before, but the gap this time is the direction of travel. Wealth firms are assembling scale through purchases as readily as through headhunting.
The busiest actors sat at the top. UBS logged 76 tracked events across the period, more than double MAI Capital Management's 48. UBS also pulled three Morgan Stanley teams in a single week, according to PWD's tracking. MAI's 48 events put it second, though the breakdown of those events is not in the data.
A deal closes and the practice is yours, clients included. A recruit arrives with a book and a loan, and can leave when a bigger offer shows up. That difference helps explain why announced acquisitions now outnumber advisor moves, even if the margin is thin.
The rest of the field spread across models. Farther recorded 21 events, OneDigital 16, Commonwealth Financial Network 15, and LPL Financial 14. LPL's total included the recruitment of Conte Wealth, a $1.4 billion practice with 20 advisors, away from Cambridge. Fund launches hit 92, executive changes 78, team liftouts 34, and breakaways 8. Deal closings reached 82; another 15 transactions were in public discussion.
For a mid-sized RIA or regional broker-dealer without a capital partner, the arithmetic is uncomfortable. The buyers on either side have either large balance sheets or patient investors. The choice is whether to join the buying side or appear on someone's target list.
One month doesn't set a trend. But the breadth of activity — deals, recruiting, launches, liftouts — describes an industry still pushing for scale through every open door.
Most active wealth firms by tracked events in 30 days
- UBS76 events
- MAI Capital Management48 events
- Farther21 events
- OneDigital16 events
- Commonwealth Financial Network15 events
- LPL Financial14 events
Show as table
| Item | Value (events) |
|---|---|
| UBS | 76 events |
| MAI Capital Management | 48 events |
| Farther | 21 events |
| OneDigital | 16 events |
| Commonwealth Financial Network | 15 events |
| LPL Financial | 14 events |
Reported by the Numbers desk from PWD internal tracking. Published . Corrections