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Ameriprise adds three RBC teams with $1.2 billion; Wells Fargo adds $900 million

The RBC teams cited Ameriprise's technology platform and planning capabilities; Raymond James added a $245 million UBS team in Paramus, New Jersey.

At a glance

  1. The largest Ameriprise addition is The GEN Group in Vienna, Virginia, with more than $750 million.
  2. Vantage Axia Wealth brought more than $280 million to Denver, led by financial advisors Andy Krantz, a certified financial planner, and Corben Gailey.
  3. Wells Fargo Advisors added nearly $900 million across Massachusetts, Texas and Florida.

Ameriprise recruited three RBC Capital Markets teams holding nearly $1.2 billion in combined client assets.

The largest Ameriprise addition is The GEN Group in Vienna, Virginia, with more than $750 million. Private wealth advisor Matt Lanham and financial advisor Amanda Catalina lead that team; client service associates Nicole Aguinaldo and Ari Aguinaldo moved with them.

Vantage Axia Wealth brought more than $280 million to Denver, led by financial advisors Andy Krantz, a certified financial planner, and Corben Gailey. Chad Lewis moved $160 million to West Des Moines, Iowa, after 25 years as an Air Force F-16 pilot. The RBC arrivals cited Ameriprise's technology platform, planning capabilities, advisor support model and leadership team.

Wells Fargo Advisors added nearly $900 million across Massachusetts, Texas and Florida. The Halloran Dooley Investment Group — Kevin Halloran, John (Ryan) Halloran and Michael Dooley — arrived from Santander Securities in Beverly, Massachusetts, with nearly $400 million. Mark Southwell joined from Raymond James in McAllen, Texas, with nearly $300 million, and Lester Ernest came from Truist Investment Services in Orlando with more than $200 million.

Raymond James took in UBS's Peter Q. Morris and Kenneth "Ken" Montal, who managed $245 million. They joined at Raymond James & Associates, its employee advisor channel in Paramus, New Jersey, according to North Atlantic Regional Director Tony Barrett. The pair now operates as The Compass Group of Raymond James.

This publication has reported that wirehouses shed a net 517 experienced advisors in the first half of 2026, counting 1,449 departures against 932 arrivals across Merrill, Morgan Stanley, UBS and Wells Fargo.

Client assets in each reported move

Ameriprise, Wells Fargo and Raymond James additions, $ millions

$750MGEN Group (Ameriprise)$400M$300M$280MVantage Axia Wealth (Ameriprise)$245M$200M$160MChad Lewis (Ameriprise)$750MGEN Group (Ameriprise)$400M$300M$280M$245M$200M$160MChad Lewis (Ameriprise)$750MGEN Group (Ameriprise)$400M$300M$280M$245M$200M$160MChad Lewis (Ameriprise)
Source: InvestmentNews advisor move report · Aug 2026
Show as table
LabelValue ($M)
GEN Group (Ameriprise)$750M
Halloran Dooley Group (Wells Fargo)$400M
Mark Southwell (Wells Fargo)$300M
Vantage Axia Wealth (Ameriprise)$280M
Compass Group (Raymond James)$245M
Lester Ernest (Wells Fargo)$200M
Chad Lewis (Ameriprise)$160M

Reported by the Recruiting & transitions desk from InvestmentNews. Published . Corrections

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