Advisor moves outnumber announced wealth deals in 30 days; LPL is busiest
Daily Network tracking recorded 732 deal announcements and 642 completed deals in the same period.
At a glance
Advisor moves outnumbered deal announcements over the past 30 days, according to Daily Network tracking: 825 moves versus 732 announcements and 642 completed deals.
LPL Financial accounted for 133 events, the most of any firm and 47 more than UBS's 86.
Team liftouts accounted for 407 events, executive changes 481 and breakaways 78.
Advisor moves outnumbered deal announcements over the past 30 days, according to Daily Network tracking: 825 moves versus 732 announcements and 642 completed deals.
LPL Financial accounted for 133 events, the most of any firm and 47 more than UBS's 86. Kestra Private Wealth Services had 67, The Retirement Planning Group 64 and Raymond James Financial Services 62.
The counts are not directly comparable: a move is one advisor or team changing firms, while a deal is one transaction that can move an entire firm's clients and staff. A closing in the period need not correspond to an announcement made in it.
Team liftouts accounted for 407 events, executive changes 481 and breakaways 78. Custodian changes and office openings each recorded 40. A team liftout counts as one event even when multiple advisors and client assets change firms.
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