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Wednesday, September 23, 2026The Morning Brief →Sign in
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Citizens

In PWD coverage since September 23, 2026 · 1 story
-25Talent net · 12 months6 in · 31 out
Talent flow · 12 monthsOn the wire →
Net -25 · 6 arrivals · 31 departures
Arrivals
Rob Lunn
Aug 21 · from Morgan Stanley
Adam Clark
Aug 14 · from JP Morgan
Departures
Advisor
Sep 19 · destination pending
Advisor
Sep 19 · destination pending
Advisor
Sep 19 · destination pending
Advisor
Sep 19 · destination pending
Advisor
Sep 19 · destination pending
Advisor
Sep 14 · destination pending
PWD coverage
RIA

The AI sell-off reprices the cash spread, not the fee

LPL and Schwab each fell more than 6% as AI anxiety hit the tape, but the threat analysts describe lands on parked client cash before it ever touches the advisory fee.
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