THE BIG PICTURE
UBS has highest advisor departure rate among eight large firms this year
Financial ADVSR analysis of SEC records shows 505 advisors left UBS for other firms from January through October, the highest departure rate of eight large firms.
Grant Whitmore, Moves Correspondent
MARKETS IN 5
Hot inflation revives rate-hike fears as stocks slip
STOCKS
Stocks slip as hot inflation revives rate-hike fears
RATES
Ten-year Treasury yield rises to 4.98%
ECONOMY
October consumer prices rise 0.4%, above forecasts
THE FED
Waller leans toward December rate hike
SECTORS
Technology lags as Nvidia falls 5.4%
Miles Ashford, Markets Correspondent · Read it in five minutes
FROM THE NEWSROOM
Modern Wealth takes $200 million from Centerbridge
The hybrid debt-and-equity investment comes as David Canter joins the board of the roughly $17 billion RIA, according to the firm's announcement.
Grant Whitmore, Moves Correspondent
Trilogy adds $225 million Morgan Stanley adviser Whitman to San Diego office
Trilogy Capital has hired Stephen P. Whitman, a Morgan Stanley adviser with about $225 million in client assets, as a senior vice president in its San Diego office.
Grant Whitmore, Moves Correspondent
Advisor moves, week of Nov 2–8, 2026: 26 moves, including $6.0B Merrill-to-Morgan Stanley team
The Financial ADVSR Moves tracker logged 26 moves that week, 15 disclosing $31B in client assets, with Morgan Stanley the top net recruiter at +$15B.
Grant Whitmore, Moves Correspondent
Beacon Pointe acquires New York adviser Edge Wealth Management
Beacon Pointe Advisors has bought Edge Wealth Management, a New York City adviser with about $905 million in client assets, in a deal that closed on October 31, 2026, according to Beacon Pointe's announcement.
Vivian Cole, Deals Correspondent
THE WIRE
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WINTHROP & CO.
FORGIVABLE LOANS
Negotiating a forgivable loan: the terms that actually move
Forgiveness cadence, carve-outs, production thresholds and jurisdiction, in the order to ask for them.
READ THE ANALYSIS
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REGULATION · WEALTHMANAGEMENT.COM
SEC Fines, Cases Plunge in Trump-Era ‘Return to Basics’
WEALTHMANAGEMENT.COM
The Real Driver of Advisor Valuation Is a Practice That Doesn't Depend on You
FINANCIAL PLANNING
RIA Leaders: Top 10 firms by number of financial advisors for 2026
HEAT INDEX · 24 HOURS
1. Osaic 3 stories
2. Mercer Advisors 3 stories
3. Altruist 3 stories
4. Morgan Stanley 2 stories
5. Beacon Pointe 2 stories