Financial ADVSR research · quarterly · quarter to date, updated hourly
The State of Advisor Recruiting, Q4 2026
Every reported advisor move and firm deal of the quarter, added up, with the industry’s structure from our SEC datasets alongside.
So far in Q4 2026, the Financial ADVSR Moves tracker recorded 46 advisor moves with $46B in reported client assets and 40 firm deals. Latigo Peak Partners led recruiting with $19B in net reported assets. J.P. Morgan had the largest net outflow, $19B. Between channels, wirehouses were net losers of 4 teams (−$2.9B).
- Advisor moves
- 46
- Reported assets
- $46B
- Firm deals
- 40
- Moves disclosing assets
- 24
Month by month
| Month | Moves | Reported assets | Deals |
|---|---|---|---|
| October 2026 | 46 | $46B | 40 |
| November 2026 | 0 | — | 0 |
| December 2026 | 0 | — | 0 |
Who won and lost recruiting: net reported assets
Gained the most
Lost the most
Where advisors went, by channel
| From → to | Moves | Reported assets |
|---|---|---|
| Regionals & banks → RIAs | 5 | $25B |
| Regionals & banks → Regionals & banks | 5 | $9.2B |
| Wirehouses → Wirehouses | 3 | $410M |
| Wirehouses → RIAs | 2 | $1.8B |
| Wirehouses → Independent BDs | 2 | $1.7B |
| Regionals & banks → Wirehouses | 2 | $580M |
| RIAs → RIAs | 2 | — |
| Wirehouses → Regionals & banks | 2 | — |
| Independent BDs → Independent BDs | 1 | $2.3B |
| Regionals & banks → Independent BDs | 1 | $245M |
The biggest moves
| Advisor / team | Assets | From | To | Reported |
|---|---|---|---|---|
| Latigo Peak Partners | $19B | JP Morgan | Latigo Peak Partners | Citywire RIA · WealthManagement.com · InvestmentNews, Oct 19 |
| Houston-based advisors | $3.5B | Raymond James | Janney | WealthManagement.com · Financial Advisor IQ, Oct 16 |
| Houston team | $3.3B | Raymond James | Janney | AdvisorHub, Oct 16 |
| Hoge-Barrett Group | $3.0B | Truist | Captrust | WealthManagement.com · InvestmentNews, Oct 14 |
| ICG Next | $2.3B | LPL Financial | Osaic Wealth | AdvisorHub · WealthManagement.com · Wealth Solutions Report, Oct 19 |
| $1.4B Raymond James Team | $1.4B | Raymond James | Kingswood Capital Partners | AdvisorHub, Oct 13 |
| — | $1.2B | RBC | Ameriprise | InvestmentNews, Oct 16 |
| Kellam Group | $1.2B | Truist Bank | Rockefeller Global Family Office | AdvisorHub, Oct 16 |
| Baltimore-area team | $1.1B | RBC Wealth Management | Indivisible Partners | AdvisorHub · Financial Advisor IQ · WealthManagement.com, Oct 12 |
| Praxis Financial Partners | $1.1B | Wells Fargo FiNet | LPL Financial | WealthManagement.com · InvestmentNews · Wealth Solutions Report, Oct 5 |
Most active acquirers
- Beacon Pointe: 4 deals
- Sammons: 3 deals
- Cerity Partners: 3 deals
- Elevation Point: 2 deals
- Trilogy Capital: 2 deals
- Wealthspire: 1 deal
- Robertson Stephens: 1 deal
- FTV Capital: 1 deal
- CohnReznick: 1 deal
- LNC Partners: 1 deal
The industry around the moves
- Custody: Charles Schwab is named by 67% of wealth-focused RIAs; Fidelity is named by 23% of wealth-focused RIAs (RIA Custody Tracker, Form ADV filings through 2026-09).
- Growth: the median $1 billion-plus independent wealth manager grew assets 17% in fiscal 2025; the fastest was Arax Advisory Partners, up 303% (The Fastest-Growing RIAs).
- Latest filings: 42 billion-dollar RIAs reported new assets between the SEC’s June 30, 2026 and October 1, 2026 lists, led by Private Advisor Group, LLC (+$13B); 15 are new to the $1 billion list (RIA movers).
Questions
How many financial advisors changed firms in Q4 2026?
The Financial ADVSR Moves tracker recorded 46 advisor and team moves reported in the industry press so far in Q4 2026, with $46B in client assets where disclosed. Press-reported moves are a floor, not an industry total.
Which firm won the most recruiting in Q4 2026?
Latigo Peak Partners added the most net reported assets, $19B (1 teams in, 0 out).
Who was the most active acquirer in Q4 2026?
Beacon Pointe was the buyer in 4 tracked deals, followed by Sammons with 3.
Cite this
Financial ADVSR, “The State of Advisor Recruiting, Q4 2026,” updated October 21, 2026, https://www.financialadvsr.com/research/state-of-recruiting/2026-q4
How we built this
Moves and deals come from the Financial ADVSR Moves tracker, which records each advisor move and firm deal reported in the wealth management press, counting a move reported by several outlets once, with assets as reported. Most moves never make the press, so these are floors, not industry totals, and net figures count only disclosed assets. Custody, growth and filing figures come from our SEC Form ADV datasets, linked above. Month-by-month detail is in the monthly Advisor Moves Reports; raw data is in the moves CSV.