# Advisor moves, week of Oct 5–11, 2026: 16 moves, $1.1B Praxis team to LPL

URL: https://www.financialadvsr.com/article/advisor-moves-week-of-oct-5-11-2026-16-moves-1-1b-praxis-team-to-9cdee9
Published: October 15, 2026
By: Grant Whitmore, Moves Correspondent
Section: Moves
Publisher: Financial ADVSR (https://www.financialadvsr.com)

LPL Financial posted the week's largest net gain, +$1.1 billion, as the tracker recorded 16 moves and $6.1 billion in client assets across the eight moves that disclosed assets.

The Financial ADVSR Moves tracker recorded 16 advisor, team and executive moves in the week of Oct 5–11, 2026, and the eight moves that disclosed assets reported $6.1 billion in client assets combined. The largest move was Praxis Financial Partners, which had $1.1 billion in client assets as reported when it moved from Wells Fargo FiNet to LPL Financial in Georgia, according to WealthManagement.com and InvestmentNews. The tracker credits LPL with the week's biggest net recruiting gain at +$1.1 billion in reported assets, with one team joining.

Hightower and Merit each posted the next-largest net gains, at +$1.0 billion in reported assets apiece, with one team joining each firm. InvestmentNews and Financial Advisor IQ reported that a team with $1.0 billion in client assets moved to Hightower in Michigan. InvestmentNews separately reported that a team with $1.0 billion in client assets moved to Merit in Western New York.

Wells Fargo and Merrill Lynch were both on the move list. InvestmentNews reported that Merrill Lynch added a Wells Fargo team and a Morgan Stanley team that together oversee $770 million in client assets. InvestmentNews also reported that a team with $410 million in client assets moved from UBS to Wells Fargo. AdvisorHub and InvestmentNews reported that an Ameriprise Financial franchisee team with $580 million in client assets moved to Wells Fargo FiNet in Los Angeles. Financial Advisor IQ reported that a separate advisor team moved from Ameriprise to Wells Fargo Advisors, and the tracker records no asset figure for that move.

Northern Trust recorded two individual hires that week. InvestmentNews reported that Beth Emswiler moved from Citigroup to Northern Trust and that Andrew Borner moved from BNY Mellon to Northern Trust. Ascentis Independent Advisors added four practices that moved from Raymond James with $1.0 billion in client assets, as Wealth Solutions Report reported. InvestmentNews reported that a team with $245 million in assets moved from Equitable to Osaic.

InvestmentNews reported that Legacy Partnership moved to The Mather Group in the Dallas-Fort Worth area.

In executive moves, WealthManagement.com reported that Ovi Vitas moved to Creative Planning. InvestmentNews reported that Joe Zidle moved from Blackstone to Cresset.

The tracker also recorded 14 firm deals that week. The full table of moves and earlier weeks is on the Financial ADVSR Recruiting Scoreboard at https://www.financialadvsr.com/advisor-moves/scoreboard/2026-10-05, where readers can review every entry for the week.

Key facts:
- The Financial ADVSR Moves tracker recorded 16 advisor, team and executive moves in the week of Oct 5–11, 2026.
- The eight moves that disclosed assets reported $6.1 billion in client assets combined.
- LPL Financial had the week's biggest net recruiting gain at +$1.1 billion in reported assets, with one team joining.
- The tracker also recorded 14 firm deals that week.

Why it matters: Reported assets are the client asset figures each outlet gave for a move, so the $6.1 billion total covers only the eight moves that disclosed a figure. For advisors, team leaders, recruiters and firm executives, the weekly tally offers one reference point for comparing reported moves across firms.

Sources:
- financialadvsr.com: https://www.financialadvsr.com/advisor-moves/scoreboard/2026-10-05
- wealthmanagement.com: https://www.wealthmanagement.com/ibd-news/lpl-financial-recruits-11b-team-from-wells-fargo
- investmentnews.com: https://www.investmentnews.com/independent-broker-dealers/advisor-moves-lpl-lands-11b-georgia-team-as-wells-fargo-loses-and-wins/268477
- investmentnews.com: https://www.investmentnews.com/ria-news/ria-moves-merit-hightower-and-trilogy-announce-billion-dollar-additions/268538
- financialadvisoriq.com: https://www.financialadvisoriq.com/c/5271323/757593
- wealthsolutionsreport.com: https://www.wealthsolutionsreport.com/ascentis-independent-advisors-adds-four-practices-with-over-1-billion-in-client-assets/
- investmentnews.com: https://www.investmentnews.com/independent-broker-dealers/advisor-moves-merrill-nabs-morgan-stanley-wells-fargo-teams-overseeing-770m/268464
- advisorhub.com: https://www.advisorhub.com/580m-ameriprise-team-jumps-to-wells-fargo-finet-in-california/
- investmentnews.com: https://www.investmentnews.com/independent-broker-dealers/advisor-moves-wells-fargo-finet-lands-580m-ameriprise-team/268547
- investmentnews.com: https://www.investmentnews.com/independent-broker-dealers/advisor-moves-osaic-draws-equitable-advisor-overseeing-245-million-in-assets/268518
- investmentnews.com: https://www.investmentnews.com/wirehouses/northern-trust-nabs-citi-and-bny-veterans-in-continuing-northeast-push/268466
- wealthmanagement.com: https://www.wealthmanagement.com/career-moves/creative-planning-hires-marketing-chief-with-finance-consumer-brand-experience
- investmentnews.com: https://www.investmentnews.com/ria-news/cresset-taps-former-blackstone-strategist-joe-zidle-for-markets-role/268535
- financialadvisoriq.com: https://www.financialadvisoriq.com/c/5271033/757583
- investmentnews.com: https://www.investmentnews.com/ria-news/ria-moves-the-mather-group-deepens-dfw-presence-with-legacy-partnership/268553
- 401kspecialistmag.com: https://401kspecialistmag.com/ici-names-new-members-to-board-of-governors-hoffman-to-lead-iris-government-and-political-affairs-corporate-roundup/