At a glance
- Prescott said at Schwab IMPACT in Boston that the launches ranged from about $10 million in fee-based AUM to about $300 million, and ASN is working on a deal of roughly $600 million to $700 million in total.
- About a third of the 28 involved firms formerly in the wirehouse environment, he said.
- Since Fidelity announced its $100 million custody minimum, ASN has been talking to 52 new groups, all under $100 million, Prescott said.
Advisory Services Network has had 28 RIA launches so far in 2026, up from about 23 last year, InvestmentNews reported, citing Trey Prescott, the firm's director of business development.
Prescott said at Schwab IMPACT in Boston that the launches ranged from about $10 million in fee-based AUM to about $300 million, and ASN is working on a deal of roughly $600 million to $700 million in total.
About a third of the 28 involved firms formerly in the wirehouse environment, he said.
Since Fidelity announced its $100 million custody minimum, ASN has been talking to 52 new groups, all under $100 million, Prescott said.
For RIA principals and aggregators, ASN's talks with 52 groups under $100 million suggest smaller practices are still weighing independence options after Fidelity's custody minimum change, though the figure is one firm's pipeline.
28 RIA launches in 2026, and 52 sub-$100M groups in talks
Counts of ASN RIA launches (2026 vs. 2025) and new groups in talks since Fidelity's $100M custody minimum
Reported by the Moves desk from InvestmentNews. Published . Corrections