Winthrop & Co.

What changes at your level of production?

Choose the band closest to your trailing-12 production to see what a practice at that level usually looks like, and what to settle first.

Production is trailing-12 revenue before payout. The asset figure is a rough equivalent. How the levels are set

Trailing-12 production

$10M and above

about $1.5B and above in assets

A team at this level is recruited by the largest firms and the independent channel at once, and the choice is between an employee seat and a practice it owns.

Teams of about this size that moved

At least 42 publicly reported moves at this size, May 2025 to Nov 2026. Public reports give a team's assets and rarely its production. Each move sits at the level whose asset range holds its reported assets, counting from the lower figure up, as a general guide.

Focus Wealth Management (Mahoney, Foley, Warzala; Palm Beach Gardens, FL): UBS to RBC Wealth Management, $1.5B, Jul 30, 2026TruCore Advisors (Christopher Lee, Joseph Minaudo; New York, NY): J.P. Morgan to Morgan Stanley, $1.5B, Jun 1, 2026Nintzel Wealth Partners (Matteo, Nintzel, Monaghan; NYC): UBS to Rockefeller Global Family Office, $1.5B, May 12, 2026Julian Iragorri (New York, NY): UBS to Morgan Stanley, $1.5B, Apr 29, 2026Berman Partners (West Palm Beach, FL): UBS to Morgan Stanley, $1.5B, Feb 13, 2026Suskind Ripple Halliwell Wealth Partners (Leonard Suskind, Seth Ripple, Karleen Halliwell; Fort Lauderdale, FL): UBS to Rockefeller Global Family Office, $1.5B, Jun 27, 2025AGT Private Wealth Group (Arbetter, Taraszki, Jordan, Rogger; Frisco, TX): UBS to Wells Fargo Advisors, $1.6B, May 5, 2026Dalton Bahney and Treinen Wealth Management Group (Sandra Dalton, William Bahney, Michael Treinen, Benjamin Dalton, Boise, ID): UBS to RBC Wealth Management, $1.6B, May 28, 2025Snow Pine Private Wealth (Wayzata, MN): UBS to Wells Fargo FiNet, $1.7B, Mar 5, 2026Hudson River Wealth Management (Harrison, NY): UBS to RBC Wealth Management, $1.7B, Jul 10, 2025daRoza Group: Merrill to Morgan Stanley, $1.8 billion, Nov 2, 2026Infinity Private Wealth (Palermo, Frangas + 9): Merrill Lynch to Wells Fargo FiNet, $1.8B, Jan 7, 2026Pillar Financial Group (Madsen + 6 partners, 34-person team; Seattle, WA): Northwestern Mutual to Cetera, $1.8B, Oct 1, 2025Decorum Wealth Management, formerly Golden State Wealth Management (Ronald Ewing, Edward Macha, Alex Pittz, Brian Gudgel, Andrew Curiel; Merced, CA): UBS to LPL Financial, $1.8B, Sep 8, 2025Family Office Partners (Benjamin Domingue, Travis Frayard, Shawna Prejean; Lafayette, LA): UBS to Elevation Point, $1.9B, Jun 20, 2025Jones Wealth Partners: Merrill to Rockefeller, $2 billion, Aug 7, 2026Anderson Gannon Wealth Partners (Palo Alto, CA): UBS to Rockefeller Global Family Office, $2.0B, Apr 30, 2026Spahn Financial Partners (Spahn, Funke, DeRaedt, Patel; Chicago, IL): Northwestern Mutual to OnePoint BFG Wealth Partners, $2B, Oct 21, 2025Entrepreneurs Group (Emily Kramer Rubin, Kenneth Shapiro & Thomas Livaccari; New York, NY): UBS to Rockefeller Global Family Office, $2.0B, Jul 17, 20251280 Financial Partners (Fort Myers, FL): UBS to Sanctuary Wealth, $2.0B, May 12, 2025Touchstone Wealth Partners (Wise family; Toledo, OH & Bonita Springs, FL): UBS to Wells Fargo FiNet, $2.1B, Apr 13, 2026Peter Laidlaw (San Francisco, CA): J.P. Morgan to Merrill Lynch (private wealth), $2.2B, Apr 8, 2026Zelniker Dorfman Private Wealth (Scott Zelniker & Peter Dorfman; New York & Florida): UBS to Steward Partners (Legacy Channel), $2.4B, Jun 9, 2026Evertern Wealth (Jason Stephens & Mic Lundon; Naples, FL): UBS to Dynasty-backed RIA, $2.4B, Apr 9, 2026Tyler Bybee Lane Morales Group, Merrill Private Wealth (Houston, TX): Merrill Lynch to Rockefeller Global Family Office (Post Oak Wealth Partners), $3.0B, Apr 24, 2026Weikes Slattery Group (Elizabeth Weikes, John Slattery; New York, NY): J.P. Morgan to Wells Fargo Advisors, $3.1B, Feb 20, 2026Beacon Coast (Evans, Jasper; San Francisco, CA): UBS to Independent RIA, $3.5B, Jun 15, 2026Cleros Wealth Partners: UBS to Cleros Wealth Partners (own RIA), $3.61 billion, Nov 4, 2026Executive Financial Advisors (Dallas, Atlanta, Jacksonville): UBS to Morgan Stanley, $3.7B, Nov 7, 2025BV Group: UBS to Cresset, $4 billion, Aug 25, 2026The Barnett, Coon, Armitage, Leach and Moore Group: Merrill to Morgan Stanley, $5.9 billion, Nov 5, 202671 West Capital Partners (Cleary, Devine; Boston & LA): UBS to Independent RIA (BNY Pershing), $6.0B, Nov 14, 2025Hingham Street Partners (Landry, DePaulis, Fortune; 16 advisors, Boston): UBS to Wells Fargo Advisors, $6.3B, Dec 2, 2025Latigo Peak Partners: J.P. Morgan to Latigo Peak Partners (own RIA), $18.6 billion, Oct 19, 2026Focus Wealth Management (Mahoney, Foley, Warzala; Palm Beach Gardens, FL): UBS to RBC Wealth Management, $1.5B, Jul 30, 2026TruCore Advisors (Christopher Lee, Joseph Minaudo; New York, NY): J.P. Morgan to Morgan Stanley, $1.5B, Jun 1, 2026Nintzel Wealth Partners (Matteo, Nintzel, Monaghan; NYC): UBS to Rockefeller Global Family Office, $1.5B, May 12, 2026Julian Iragorri (New York, NY): UBS to Morgan Stanley, $1.5B, Apr 29, 2026Berman Partners (West Palm Beach, FL): UBS to Morgan Stanley, $1.5B, Feb 13, 2026Suskind Ripple Halliwell Wealth Partners (Leonard Suskind, Seth Ripple, Karleen Halliwell; Fort Lauderdale, FL): UBS to Rockefeller Global Family Office, $1.5B, Jun 27, 2025AGT Private Wealth Group (Arbetter, Taraszki, Jordan, Rogger; Frisco, TX): UBS to Wells Fargo Advisors, $1.6B, May 5, 2026Dalton Bahney and Treinen Wealth Management Group (Sandra Dalton, William Bahney, Michael Treinen, Benjamin Dalton, Boise, ID): UBS to RBC Wealth Management, $1.6B, May 28, 2025Snow Pine Private Wealth (Wayzata, MN): UBS to Wells Fargo FiNet, $1.7B, Mar 5, 2026Hudson River Wealth Management (Harrison, NY): UBS to RBC Wealth Management, $1.7B, Jul 10, 2025daRoza Group: Merrill to Morgan Stanley, $1.8 billion, Nov 2, 2026Infinity Private Wealth (Palermo, Frangas + 9): Merrill Lynch to Wells Fargo FiNet, $1.8B, Jan 7, 2026Pillar Financial Group (Madsen + 6 partners, 34-person team; Seattle, WA): Northwestern Mutual to Cetera, $1.8B, Oct 1, 2025Decorum Wealth Management, formerly Golden State Wealth Management (Ronald Ewing, Edward Macha, Alex Pittz, Brian Gudgel, Andrew Curiel; Merced, CA): UBS to LPL Financial, $1.8B, Sep 8, 2025Family Office Partners (Benjamin Domingue, Travis Frayard, Shawna Prejean; Lafayette, LA): UBS to Elevation Point, $1.9B, Jun 20, 2025Jones Wealth Partners: Merrill to Rockefeller, $2 billion, Aug 7, 2026Anderson Gannon Wealth Partners (Palo Alto, CA): UBS to Rockefeller Global Family Office, $2.0B, Apr 30, 2026Spahn Financial Partners (Spahn, Funke, DeRaedt, Patel; Chicago, IL): Northwestern Mutual to OnePoint BFG Wealth Partners, $2B, Oct 21, 2025Entrepreneurs Group (Emily Kramer Rubin, Kenneth Shapiro & Thomas Livaccari; New York, NY): UBS to Rockefeller Global Family Office, $2.0B, Jul 17, 20251280 Financial Partners (Fort Myers, FL): UBS to Sanctuary Wealth, $2.0B, May 12, 2025Touchstone Wealth Partners (Wise family; Toledo, OH & Bonita Springs, FL): UBS to Wells Fargo FiNet, $2.1B, Apr 13, 2026Peter Laidlaw (San Francisco, CA): J.P. Morgan to Merrill Lynch (private wealth), $2.2B, Apr 8, 2026Zelniker Dorfman Private Wealth (Scott Zelniker & Peter Dorfman; New York & Florida): UBS to Steward Partners (Legacy Channel), $2.4B, Jun 9, 2026Evertern Wealth (Jason Stephens & Mic Lundon; Naples, FL): UBS to Dynasty-backed RIA, $2.4B, Apr 9, 2026Tyler Bybee Lane Morales Group, Merrill Private Wealth (Houston, TX): Merrill Lynch to Rockefeller Global Family Office (Post Oak Wealth Partners), $3.0B, Apr 24, 2026Weikes Slattery Group (Elizabeth Weikes, John Slattery; New York, NY): J.P. Morgan to Wells Fargo Advisors, $3.1B, Feb 20, 2026Beacon Coast (Evans, Jasper; San Francisco, CA): UBS to Independent RIA, $3.5B, Jun 15, 2026Cleros Wealth Partners: UBS to Cleros Wealth Partners (own RIA), $3.61 billion, Nov 4, 2026Executive Financial Advisors (Dallas, Atlanta, Jacksonville): UBS to Morgan Stanley, $3.7B, Nov 7, 2025BV Group: UBS to Cresset, $4 billion, Aug 25, 2026The Barnett, Coon, Armitage, Leach and Moore Group: Merrill to Morgan Stanley, $5.9 billion, Nov 5, 202671 West Capital Partners (Cleary, Devine; Boston & LA): UBS to Independent RIA (BNY Pershing), $6.0B, Nov 14, 2025Hingham Street Partners (Landry, DePaulis, Fortune; 16 advisors, Boston): UBS to Wells Fargo Advisors, $6.3B, Dec 2, 2025Latigo Peak Partners: J.P. Morgan to Latigo Peak Partners (own RIA), $18.6 billion, Oct 19, 2026
$1.5BReported assets$18.6BEach dot is one of the 34 reported departures from Northwestern Mutual, Edward Jones, UBS, Merrill Lynch or J.P. Morgan. The list also holds $1B+ moves from other firms.
  • Nov 2026The Barnett, Coon, Armitage, Leach and Moore GroupMerrill to Morgan Stanley$5.9 billionFinancial Advisor IQ
  • Nov 2026KKM Wealth PartnersPNC Private Bank to Raymond James & Associates (Alex. Brown)$1.5 billionWealthManagement.com
  • Nov 2026Cleros Wealth PartnersUBS to Cleros Wealth Partners (own RIA)$3.61 billionWealthManagement.com
  • Nov 2026daRoza GroupMerrill to Morgan Stanley$1.8 billionAdvisorHub
Show all 42
  • Oct 2026ICG NextLPL Financial to Osaic$2.3 billionInvestmentNews
  • Oct 2026Latigo Peak PartnersJ.P. Morgan to Latigo Peak Partners (own RIA)$18.6 billionInvestmentNews
  • Oct 2026Edwards Fitzpatrick GroupRaymond James & Associates to Janney Montgomery Scott$3.3 billionAdvisorHub
  • Oct 2026Hoge-Barrett GroupTruist to Captrust$3 billionWealthManagement.com
  • Sep 2026Behun and HarrisBank of America Private Bank to RBC Wealth Management$2 billionAdvisorHub
  • Sep 2026Teresa RadzinskiBank of America Private Bank to Citi Private Bank$3 billionAdvisorHub
  • Sep 2026A Fort Lauderdale private wealth teamBank of America Private Bank to NewEdge Wealth$3.1 billionAdvisorHub
  • Aug 2026BV GroupUBS to Cresset$4 billionWealthManagement.com
  • Aug 2026A Houston private wealth teamBernstein Private Wealth to NewEdge Wealth$2.2 billionAdvisorHub
  • Aug 2026Jones Wealth PartnersMerrill to Rockefeller$2 billionWealthManagement.com
  • Jul 2026Focus Wealth Management (Mahoney, Foley, Warzala; Palm Beach Gardens, FL)UBS to RBC Wealth Management$1.5BAdvisorHub
  • Jun 2026Beacon Coast (Evans, Jasper; San Francisco, CA)UBS to Independent RIA$3.5BWealthManagement.com
  • Jun 2026Zelniker Dorfman Private Wealth (Scott Zelniker & Peter Dorfman; New York & Florida)UBS to Steward Partners (Legacy Channel)$2.4BWealthManagement.com
  • Jun 2026TruCore Advisors (Christopher Lee, Joseph Minaudo; New York, NY)J.P. Morgan to Morgan Stanley$1.5BAdvisorHub
  • May 2026Nintzel Wealth Partners (Matteo, Nintzel, Monaghan; NYC)UBS to Rockefeller Global Family Office$1.5BAdvisorHub
  • May 2026AGT Private Wealth Group (Arbetter, Taraszki, Jordan, Rogger; Frisco, TX)UBS to Wells Fargo Advisors$1.6BAdvisorHub
  • Apr 2026Anderson Gannon Wealth Partners (Palo Alto, CA)UBS to Rockefeller Global Family Office$2.0BAdvisorHub
  • Apr 2026Julian Iragorri (New York, NY)UBS to Morgan Stanley$1.5BCitywire
  • Apr 2026Tyler Bybee Lane Morales Group, Merrill Private Wealth (Houston, TX)Merrill Lynch to Rockefeller Global Family Office (Post Oak Wealth Partners)$3.0BAdvisorHub
  • Apr 2026Touchstone Wealth Partners (Wise family; Toledo, OH & Bonita Springs, FL)UBS to Wells Fargo FiNet$2.1BInvestmentNews
  • Apr 2026Evertern Wealth (Jason Stephens & Mic Lundon; Naples, FL)UBS to Dynasty-backed RIA$2.4BInvestmentNews
  • Apr 2026Peter Laidlaw (San Francisco, CA)J.P. Morgan to Merrill Lynch (private wealth)$2.2BAdvisorHub
  • Mar 2026Snow Pine Private Wealth (Wayzata, MN)UBS to Wells Fargo FiNet$1.7BAdvisorHub
  • Feb 2026Weikes Slattery Group (Elizabeth Weikes, John Slattery; New York, NY)J.P. Morgan to Wells Fargo Advisors$3.1BAdvisorHub
  • Feb 2026Berman Partners (West Palm Beach, FL)UBS to Morgan Stanley$1.5BAdvisorHub
  • Jan 2026Infinity Private Wealth (Palermo, Frangas + 9)Merrill Lynch to Wells Fargo FiNet$1.8BInvestmentNews
  • Dec 2025Hingham Street Partners (Landry, DePaulis, Fortune; 16 advisors, Boston)UBS to Wells Fargo Advisors$6.3BWealthManagement.com
  • Nov 202571 West Capital Partners (Cleary, Devine; Boston & LA)UBS to Independent RIA (BNY Pershing)$6.0BWealthManagement.com
  • Nov 2025Executive Financial Advisors (Dallas, Atlanta, Jacksonville)UBS to Morgan Stanley$3.7BAdvisorHub
  • Oct 2025Spahn Financial Partners (Spahn, Funke, DeRaedt, Patel; Chicago, IL)Northwestern Mutual to OnePoint BFG Wealth Partners$2BBusiness Wire
  • Oct 2025Pillar Financial Group (Madsen + 6 partners, 34-person team; Seattle, WA)Northwestern Mutual to Cetera$1.8BPR Newswire
  • Sep 2025Decorum Wealth Management, formerly Golden State Wealth Management (Ronald Ewing, Edward Macha, Alex Pittz, Brian Gudgel, Andrew Curiel; Merced, CA)UBS to LPL Financial$1.8BAdvisorHub
  • Jul 2025Entrepreneurs Group (Emily Kramer Rubin, Kenneth Shapiro & Thomas Livaccari; New York, NY)UBS to Rockefeller Global Family Office$2.0BAdvisorHub
  • Jul 2025Hudson River Wealth Management (Harrison, NY)UBS to RBC Wealth Management$1.7BAdvisorHub
  • Jun 2025Suskind Ripple Halliwell Wealth Partners (Leonard Suskind, Seth Ripple, Karleen Halliwell; Fort Lauderdale, FL)UBS to Rockefeller Global Family Office$1.5BAdvisorHub
  • Jun 2025Family Office Partners (Benjamin Domingue, Travis Frayard, Shawna Prejean; Lafayette, LA)UBS to Elevation Point$1.9BAdvisorHub
  • May 2025Dalton Bahney and Treinen Wealth Management Group (Sandra Dalton, William Bahney, Michael Treinen, Benjamin Dalton, Boise, ID)UBS to RBC Wealth Management$1.6BAdvisorHub
  • May 20251280 Financial Partners (Fort Myers, FL)UBS to Sanctuary Wealth$2.0BSanctuary Wealth

Source: Winthrop & Co. analysis of internal data, public regulatory records, and publicly reported moves. Moves reported by trade outlets and in firms' own announcements: departures from Northwestern Mutual from Feb 2024, Edward Jones from Oct 2024, UBS from May 2025, Merrill Lynch from Sep 2025 and J.P. Morgan from Jan 2026, and $1B+ team moves from any firm reported from Aug 2026. Assets as reported.

What to settle first at this level

  1. Who should the team talk to before a move, in what order, and who pays each?
  2. What is an offer worth once its shape and the length of the commitment are counted?

    Also: The Megateam Migration: Why $10M+ Wirehouse Teams Keep Landing at Wells Fargo

  3. What does the team give up and gain in each structure open to it?

    Also: The Megateam Migration: Why $10M+ Wirehouse Teams Keep Landing at Wells Fargo

  4. Does the team's depth below its founders turn its size into value a buyer would pay for?
  5. What should the team ask its own attorney before resigning together?

If you are

Back to the directory

Trailing-12 production

$5M to $10M

about $750M to $1.5B in assets

Teams at this level are usually staffed businesses with several advisors, and a move is planned for the whole team at once.

Start with What Changes When Your Team Produces $5 Million or More?

Teams of about this size that moved

At least 55 publicly reported moves at this size, Jun 2025 to Nov 2026. Public reports give a team's assets and rarely its production. Each move sits at the level whose asset range holds its reported assets, counting from the lower figure up, as a general guide.

Truing Capital Advisors (Russell Price, Sam Mineo; formerly MPI Wealth Management at UBS; Las Vegas, NV): UBS to Elevation Point, $750M, Oct 20, 2026Foreman Rial Group (Foreman, Rial; Kirkland, WA): Merrill Lynch to Morgan Stanley, $750M, Aug 17, 2026Noel Becker (Hudson, OH): UBS to Janney Montgomery Scott, $750M, Mar 9, 2026Creative Strategies for Modern Wealth Group (Michael Wirtheim, Ronald Scott, Nancy Collins, Ronald Molinari; Syracuse, NY): UBS to RBC Wealth Management, $770M, Jan 20, 2026Osle Perlman Torelli Wealth Partners (Osle, Perlman, Torelli; New York, NY): UBS to Rockefeller Global Family Office, $800M, Jul 22, 2026Soteris Private Wealth (Erickson, Montierth): Merrill Lynch to Sanctuary Wealth (independent), $800M, Apr 17, 2026Louis Berlin, Mark Hales, Timothy Taraba (Newport Beach, CA): Merrill Lynch to Wells Fargo Advisors, $800M, Jan 16, 2026Washington Wealth Group (David Andreadis, Cole Andreadis, Richard Haskin, Danielle Tersaga; Washington, DC): UBS to Merrill Lynch, $800M, Jul 22, 2025Harbor Light Wealth Management (RI): UBS to Merrill Lynch, $805M, Jan 7, 2026Emerald Wealth Management (Trautmann, Foor, Hill; Seattle, WA): Northwestern Mutual to LPL Financial, $815M, May 1, 2026Grande-Antonitis Group (Mark Grande, Richard Grande, Alphonse Antonitis; Boston, MA): J.P. Morgan to Morgan Stanley, $822M, Jan 12, 2026Legacy Wealth Group (Randy Wiggs, Michael Simone; Chicago, IL): UBS to Morgan Stanley, $850M, Sep 11, 2025Edgewater Wealth Management (Middleton, Hjelseth; Tacoma, WA): Northwestern Mutual to Composition Wealth, $900M, Mar 1, 2026Tidal Wealth Partners (FL & CA): UBS to Rockefeller Global Family Office, $938M, Dec 19, 2025Nepa/Susco Team: UBS to RBC Wealth Management, $1 billion, Oct 22, 2026Prince Financial Services: Northwestern Mutual to LPL Financial, $1 billion, Oct 14, 2026Cornerstone Advisors and Clear Pointe Wealth Management (two teams; Gardner Brown, Brian Lifferth, Ron Hunt, Jonathan Groberg; Salt Lake City area, UT): Northwestern Mutual to LPL Financial, $1B, Sep 22, 2026Civic Financial (DeSantis, Parisi, Allsop, Monaghan; Boston, MA): Northwestern Mutual to Independent RIA (Altruist custody), $1B, Jul 23, 2026Ali Bathgate Hild (Denver, CO): J.P. Morgan to Cresset, $1B, Jun 4, 2026Clay Young (37-yr veteran): Merrill Lynch to UBS (South Market), $1.0B, Mar 31, 2026Warren-Fantano Wealth Management (Peni Warren, Chris Fantano; Lewes and Middletown, DE): Merrill Lynch to Janney Montgomery Scott, $1.0B+, Feb 20, 2026Mark Lilley, Gabriel Trigo (San Juan, PR): Merrill Lynch to UBS, $1.0B, Feb 10, 2026Thrift Private Wealth (Garrett Thrift, Kara Burt, Blake Saulsbury, Wade Oursler; Easton, MD): Merrill Lynch to Raymond James & Associates, $1.0B, Jan 30, 2026BLS Financial Group (Bloomfield Hills, MI): UBS to RBC Wealth Management, $1.1B, Sep 25, 2025Centennial Wealth Management Group (Glenn Bianco, Michael Daly, George Kanas, Marisa Bianco, Marc Colamaria; Purchase, NY): UBS to RBC Wealth Management, $1.1B, Jun 26, 2025Vazquez-Monasterio Team: UBS to Merrill, $1.2 billion, Sep 10, 2026Heller Stieffel & Noto (New Orleans, LA): UBS to RBC Wealth Management, $1.2B, Oct 30, 2025Neff Group (John Neff, Brad Neff, Greg Neff; Austin, TX): UBS to J.P. Morgan Advisors, $1.2B, Aug 29, 2025Dial Square Private Wealth (Jim Chiate, Tony Guianne; Orange County, CA): UBS to Sanctuary Wealth, $1.2B, Aug 15, 2025Shafer Block Wealth Management: UBS to NewEdge Wealth, $1.25 billion, Sep 15, 2026Ox Road Capital (Jeffrey Allen, Steve Armaly, Brian Blackburn, Michael Lee; Greenville, SC): UBS to LPL Financial, $1.25B, Sep 16, 2025Cullman/Holt Group: UBS to Wells Fargo FiNet, $1.3 billion, Sep 30, 2026Hampton Bluff Capital Partners, formerly Odyssey Wealth Management (Krunch Kloberdanz, Justin Runager; Atlanta, GA): UBS to Elevation Point, $1.3B, Feb 18, 2026Harbor View Private Wealth (Daniel Emerson, Angelo Esposito Jr., Scott Emerson, James Malatos, David Randall; Atlanta, GA): UBS to Elevation Point, $1.3B, Jan 13, 2026Tennant Financial (Tennant, Berry, Wade; Ballston Lake, NY): Northwestern Mutual to LPL Financial, $1.3B, Sep 1, 2025Twin Harbors Private Wealth (Wang, Ilg, Rizzo, Streim, Napolitano; Melville, NY): Merrill Lynch to Wells Fargo FiNet, $1.4B, May 13, 2026Loxahatchee Capital, formerly The 440 Group (Andrew Plum, Thomas Cullen; Tequesta, FL): UBS to Elevation Point, $1.4B, Sep 22, 2025Truing Capital Advisors (Russell Price, Sam Mineo; formerly MPI Wealth Management at UBS; Las Vegas, NV): UBS to Elevation Point, $750M, Oct 20, 2026Foreman Rial Group (Foreman, Rial; Kirkland, WA): Merrill Lynch to Morgan Stanley, $750M, Aug 17, 2026Noel Becker (Hudson, OH): UBS to Janney Montgomery Scott, $750M, Mar 9, 2026Creative Strategies for Modern Wealth Group (Michael Wirtheim, Ronald Scott, Nancy Collins, Ronald Molinari; Syracuse, NY): UBS to RBC Wealth Management, $770M, Jan 20, 2026Osle Perlman Torelli Wealth Partners (Osle, Perlman, Torelli; New York, NY): UBS to Rockefeller Global Family Office, $800M, Jul 22, 2026Soteris Private Wealth (Erickson, Montierth): Merrill Lynch to Sanctuary Wealth (independent), $800M, Apr 17, 2026Louis Berlin, Mark Hales, Timothy Taraba (Newport Beach, CA): Merrill Lynch to Wells Fargo Advisors, $800M, Jan 16, 2026Washington Wealth Group (David Andreadis, Cole Andreadis, Richard Haskin, Danielle Tersaga; Washington, DC): UBS to Merrill Lynch, $800M, Jul 22, 2025Harbor Light Wealth Management (RI): UBS to Merrill Lynch, $805M, Jan 7, 2026Emerald Wealth Management (Trautmann, Foor, Hill; Seattle, WA): Northwestern Mutual to LPL Financial, $815M, May 1, 2026Grande-Antonitis Group (Mark Grande, Richard Grande, Alphonse Antonitis; Boston, MA): J.P. Morgan to Morgan Stanley, $822M, Jan 12, 2026Legacy Wealth Group (Randy Wiggs, Michael Simone; Chicago, IL): UBS to Morgan Stanley, $850M, Sep 11, 2025Edgewater Wealth Management (Middleton, Hjelseth; Tacoma, WA): Northwestern Mutual to Composition Wealth, $900M, Mar 1, 2026Tidal Wealth Partners (FL & CA): UBS to Rockefeller Global Family Office, $938M, Dec 19, 2025Nepa/Susco Team: UBS to RBC Wealth Management, $1 billion, Oct 22, 2026Prince Financial Services: Northwestern Mutual to LPL Financial, $1 billion, Oct 14, 2026Cornerstone Advisors and Clear Pointe Wealth Management (two teams; Gardner Brown, Brian Lifferth, Ron Hunt, Jonathan Groberg; Salt Lake City area, UT): Northwestern Mutual to LPL Financial, $1B, Sep 22, 2026Civic Financial (DeSantis, Parisi, Allsop, Monaghan; Boston, MA): Northwestern Mutual to Independent RIA (Altruist custody), $1B, Jul 23, 2026Ali Bathgate Hild (Denver, CO): J.P. Morgan to Cresset, $1B, Jun 4, 2026Clay Young (37-yr veteran): Merrill Lynch to UBS (South Market), $1.0B, Mar 31, 2026Warren-Fantano Wealth Management (Peni Warren, Chris Fantano; Lewes and Middletown, DE): Merrill Lynch to Janney Montgomery Scott, $1.0B+, Feb 20, 2026Mark Lilley, Gabriel Trigo (San Juan, PR): Merrill Lynch to UBS, $1.0B, Feb 10, 2026Thrift Private Wealth (Garrett Thrift, Kara Burt, Blake Saulsbury, Wade Oursler; Easton, MD): Merrill Lynch to Raymond James & Associates, $1.0B, Jan 30, 2026BLS Financial Group (Bloomfield Hills, MI): UBS to RBC Wealth Management, $1.1B, Sep 25, 2025Centennial Wealth Management Group (Glenn Bianco, Michael Daly, George Kanas, Marisa Bianco, Marc Colamaria; Purchase, NY): UBS to RBC Wealth Management, $1.1B, Jun 26, 2025Vazquez-Monasterio Team: UBS to Merrill, $1.2 billion, Sep 10, 2026Heller Stieffel & Noto (New Orleans, LA): UBS to RBC Wealth Management, $1.2B, Oct 30, 2025Neff Group (John Neff, Brad Neff, Greg Neff; Austin, TX): UBS to J.P. Morgan Advisors, $1.2B, Aug 29, 2025Dial Square Private Wealth (Jim Chiate, Tony Guianne; Orange County, CA): UBS to Sanctuary Wealth, $1.2B, Aug 15, 2025Shafer Block Wealth Management: UBS to NewEdge Wealth, $1.25 billion, Sep 15, 2026Ox Road Capital (Jeffrey Allen, Steve Armaly, Brian Blackburn, Michael Lee; Greenville, SC): UBS to LPL Financial, $1.25B, Sep 16, 2025Cullman/Holt Group: UBS to Wells Fargo FiNet, $1.3 billion, Sep 30, 2026Hampton Bluff Capital Partners, formerly Odyssey Wealth Management (Krunch Kloberdanz, Justin Runager; Atlanta, GA): UBS to Elevation Point, $1.3B, Feb 18, 2026Harbor View Private Wealth (Daniel Emerson, Angelo Esposito Jr., Scott Emerson, James Malatos, David Randall; Atlanta, GA): UBS to Elevation Point, $1.3B, Jan 13, 2026Tennant Financial (Tennant, Berry, Wade; Ballston Lake, NY): Northwestern Mutual to LPL Financial, $1.3B, Sep 1, 2025Twin Harbors Private Wealth (Wang, Ilg, Rizzo, Streim, Napolitano; Melville, NY): Merrill Lynch to Wells Fargo FiNet, $1.4B, May 13, 2026Loxahatchee Capital, formerly The 440 Group (Andrew Plum, Thomas Cullen; Tequesta, FL): UBS to Elevation Point, $1.4B, Sep 22, 2025
$750MReported assets$1.5BEach dot is one of the 37 reported departures from Northwestern Mutual, Edward Jones, UBS, Merrill Lynch or J.P. Morgan. The list also holds $1B+ moves from other firms.
  • Nov 2026Mintz & Gow GroupTruist to Raymond James & Associates$1.2 billionInvestmentNews
  • Oct 2026Webber Wealth PartnersComerica to Citizens Private Wealth$1.2 billionAdvisorHub
  • Oct 2026Stribling-Whalen Financial GroupRaymond James Financial Services to Stribling-Whalen Financial Group (own RIA)$1.1 billionWealthManagement.com
  • Oct 2026Nepa/Susco TeamUBS to RBC Wealth Management$1 billionAdvisorHub
Show all 55
  • Oct 2026Truing Capital Advisors (Russell Price, Sam Mineo; formerly MPI Wealth Management at UBS; Las Vegas, NV)UBS to Elevation Point$750MWealthManagement.com
  • Oct 2026The Kellam GroupTruist to Rockefeller$1.2 billionAdvisorHub
  • Oct 2026Prince Financial ServicesNorthwestern Mutual to LPL Financial$1 billionWealthManagement.com
  • Oct 2026Round Table AdvisorsRaymond James Financial Services to Round Table Advisors (own RIA)$1.4 billionAdvisorHub
  • Oct 2026Rosenwald Private WealthRBC Wealth Management to Indivisible Partners$1.1 billionAdvisorHub
  • Oct 2026Praxis Financial PartnersWells Fargo FiNet to LPL Financial$1.1 billionAdvisorHub
  • Sep 2026Cullman/Holt GroupUBS to Wells Fargo FiNet$1.3 billionAdvisorHub
  • Sep 2026Piedmont Wealth PartnersTruist to Rockefeller$1 billionAdvisorHub
  • Sep 2026Greenwood Wealth PartnersD.M. Kelly & Company to Raymond James & Associates$1.25 billionWealthManagement.com
  • Sep 2026Cornerstone Advisors and Clear Pointe Wealth Management (two teams; Gardner Brown, Brian Lifferth, Ron Hunt, Jonathan Groberg; Salt Lake City area, UT)Northwestern Mutual to LPL Financial$1BInvestmentNews
  • Sep 2026Hall Wealth Advisory GroupJefferies to Stifel$1.35 billionAdvisorHub
  • Sep 2026Fathom AdvisorsAmeriprise to Fathom Advisors (own RIA)$1.3 billionWealthManagement.com
  • Sep 2026Shafer Block Wealth ManagementUBS to NewEdge Wealth$1.25 billionAdvisorHub
  • Sep 2026Vazquez-Monasterio TeamUBS to Merrill$1.2 billionAdvisorHub
  • Sep 2026The Aliaskari GroupMorgan Stanley to Merrill$1.2 billionAdvisorHub
  • Sep 2026Mason Cisney Alcon Wealth Management GroupMorgan Stanley to UBS$1.4 billionAdvisorHub
  • Aug 2026Lumina Wealth PartnersBernstein Private Wealth to UBS$1.4 billionWealthManagement.com
  • Aug 2026MacLellan Bickle Wealth PartnersNorthern Trust to Citizens Private Wealth$1 billionWealthManagement.com
  • Aug 2026Conte Wealth AdvisorsCambridge Investment Research to LPL Financial$1.4 billionInvestmentNews
  • Aug 2026Foreman Rial Group (Foreman, Rial; Kirkland, WA)Merrill Lynch to Morgan Stanley$750MAdvisorHub
  • Aug 2026The Carlson GroupBaird to Raymond James & Associates$1.1 billionWealthManagement.com
  • Aug 2026The Sexton GroupMorgan Stanley to RBC Wealth Management$1 billionAdvisorHub
  • Jul 2026Civic Financial (DeSantis, Parisi, Allsop, Monaghan; Boston, MA)Northwestern Mutual to Independent RIA (Altruist custody)$1BCitywire
  • Jul 2026Osle Perlman Torelli Wealth Partners (Osle, Perlman, Torelli; New York, NY)UBS to Rockefeller Global Family Office$800MAdvisorHub
  • Jun 2026Ali Bathgate Hild (Denver, CO)J.P. Morgan to Cresset$1BWealthManagement.com
  • May 2026Twin Harbors Private Wealth (Wang, Ilg, Rizzo, Streim, Napolitano; Melville, NY)Merrill Lynch to Wells Fargo FiNet$1.4BInvestmentNews
  • May 2026Emerald Wealth Management (Trautmann, Foor, Hill; Seattle, WA)Northwestern Mutual to LPL Financial$815MInvestmentNews
  • Apr 2026Soteris Private Wealth (Erickson, Montierth)Merrill Lynch to Sanctuary Wealth (independent)$800MWealthManagement.com
  • Mar 2026Clay Young (37-yr veteran)Merrill Lynch to UBS (South Market)$1.0BInvestmentNews
  • Mar 2026Noel Becker (Hudson, OH)UBS to Janney Montgomery Scott$750MAdvisorHub
  • Mar 2026Edgewater Wealth Management (Middleton, Hjelseth; Tacoma, WA)Northwestern Mutual to Composition Wealth$900MInvestmentNews
  • Feb 2026Warren-Fantano Wealth Management (Peni Warren, Chris Fantano; Lewes and Middletown, DE)Merrill Lynch to Janney Montgomery Scott$1.0B+WealthManagement.com
  • Feb 2026Hampton Bluff Capital Partners, formerly Odyssey Wealth Management (Krunch Kloberdanz, Justin Runager; Atlanta, GA)UBS to Elevation Point$1.3BWealthManagement.com
  • Feb 2026Mark Lilley, Gabriel Trigo (San Juan, PR)Merrill Lynch to UBS$1.0BInvestmentNews
  • Jan 2026Thrift Private Wealth (Garrett Thrift, Kara Burt, Blake Saulsbury, Wade Oursler; Easton, MD)Merrill Lynch to Raymond James & Associates$1.0BWealthManagement.com
  • Jan 2026Creative Strategies for Modern Wealth Group (Michael Wirtheim, Ronald Scott, Nancy Collins, Ronald Molinari; Syracuse, NY)UBS to RBC Wealth Management$770MInvestmentNews
  • Jan 2026Louis Berlin, Mark Hales, Timothy Taraba (Newport Beach, CA)Merrill Lynch to Wells Fargo Advisors$800MAdvisorHub
  • Jan 2026Harbor View Private Wealth (Daniel Emerson, Angelo Esposito Jr., Scott Emerson, James Malatos, David Randall; Atlanta, GA)UBS to Elevation Point$1.3BWealthManagement.com
  • Jan 2026Grande-Antonitis Group (Mark Grande, Richard Grande, Alphonse Antonitis; Boston, MA)J.P. Morgan to Morgan Stanley$822MAdvisorHub
  • Jan 2026Harbor Light Wealth Management (RI)UBS to Merrill Lynch$805MAdvisorHub
  • Dec 2025Tidal Wealth Partners (FL & CA)UBS to Rockefeller Global Family Office$938MFinancial Planning
  • Oct 2025Heller Stieffel & Noto (New Orleans, LA)UBS to RBC Wealth Management$1.2BAdvisorHub
  • Sep 2025BLS Financial Group (Bloomfield Hills, MI)UBS to RBC Wealth Management$1.1BInvestmentNews
  • Sep 2025Loxahatchee Capital, formerly The 440 Group (Andrew Plum, Thomas Cullen; Tequesta, FL)UBS to Elevation Point$1.4BWealthManagement.com
  • Sep 2025Ox Road Capital (Jeffrey Allen, Steve Armaly, Brian Blackburn, Michael Lee; Greenville, SC)UBS to LPL Financial$1.25BAdvisorHub
  • Sep 2025Legacy Wealth Group (Randy Wiggs, Michael Simone; Chicago, IL)UBS to Morgan Stanley$850MAdvisorHub
  • Sep 2025Tennant Financial (Tennant, Berry, Wade; Ballston Lake, NY)Northwestern Mutual to LPL Financial$1.3BInvestmentNews
  • Aug 2025Neff Group (John Neff, Brad Neff, Greg Neff; Austin, TX)UBS to J.P. Morgan Advisors$1.2BAdvisorHub
  • Aug 2025Dial Square Private Wealth (Jim Chiate, Tony Guianne; Orange County, CA)UBS to Sanctuary Wealth$1.2BWealthManagement.com
  • Jul 2025Washington Wealth Group (David Andreadis, Cole Andreadis, Richard Haskin, Danielle Tersaga; Washington, DC)UBS to Merrill Lynch$800MAdvisorHub
  • Jun 2025Centennial Wealth Management Group (Glenn Bianco, Michael Daly, George Kanas, Marisa Bianco, Marc Colamaria; Purchase, NY)UBS to RBC Wealth Management$1.1BAdvisorHub

Source: Winthrop & Co. analysis of internal data, public regulatory records, and publicly reported moves. Moves reported by trade outlets and in firms' own announcements: departures from Northwestern Mutual from Feb 2024, Edward Jones from Oct 2024, UBS from May 2025, Merrill Lynch from Sep 2025 and J.P. Morgan from Jan 2026, and $1B+ team moves from any firm reported from Aug 2026. Assets as reported.

What to settle first at this level

  1. What ties the team to its firm today, and what would leaving cost?

    Also: Building Your Note and Vesting Calendar

  2. Which path fits the team: staying, retiring in place, another employee firm, supported independence or an RIA of its own?

    Also: Should You Start Your Own RIA, Join One, or Tuck In?

  3. How is revenue credited among the partners, and is that settled before any firm makes an offer?
  4. Which advisors and staff come with the team, and when are they told?

    Also: Who Should a $1 Billion Team Talk to Before a Move?

  5. Who owns the firm we would build or join, and what would our equity hold?

    Also: Equity When You Join an RIA: Real Ownership or a Retention Device?

If you are

Back to the directory

Trailing-12 production

$2M to $5M

about $300M to $750M in assets

Here, the economics of owning the practice start to carry real weight.

Teams of about this size that moved

At least 54 publicly reported moves at this size, Feb 2024 to Oct 2026. Public reports give a team's assets and rarely its production. Each move sits at the level whose asset range holds its reported assets, counting from the lower figure up, as a general guide.

Tom Madigan (single advisor; Connecticut): UBS to LPL Financial, $300M, Feb 20, 2026Kendall Wealth Management (Kiley, Mitch & Kyle Kendall): Edward Jones to Ameriprise (independent), $300M+, Oct 1, 2025Frantz Guzman Wealth Management (Erica Frantz, Annie Guzman; Wayzata, MN): UBS to Morgan Stanley, $300M, Sep 3, 2025Carol Mani Johnston (single advisor; San Antonio, TX): UBS to RBC Wealth Management, $300M, Aug 29, 2025Garrison Financial Group (Garrison, Hall, Strelau; Littleton, CO): Northwestern Mutual to Raymond James, $300M, Aug 1, 2024Sentinel Advisory Group (Cashore, Shulla, Keeling, Grunder; Middleton, WI): Northwestern Mutual to Commonwealth Financial Network, $300M, Jul 1, 2024Matthew J. Smith (Birmingham, AL): Merrill Lynch to Morgan Stanley, $305M, Sep 5, 2025Sloane team (Martin Sloane, Thomas Sloane; Stuart, FL): UBS to Raymond James & Associates, $320M, Sep 4, 2025Buchanan Group (Robert Buchanan, Mark Buchanan; Austin, TX): UBS to J.P. Morgan Advisors, $320M, Aug 29, 2025Paxara Wealth Partners (Thornhill, Rathbun; Winter Haven, FL): UBS to Linsco by LPL Financial, $330M, May 7, 2026Novak Cancienne Tresca & Kungel Wealth Management (Gene Novak, David Cancienne, Kerry Kungel, Travis Tresca; New Orleans, LA): UBS to Raymond James & Associates, $340M, Jun 20, 2025Iron North Private Wealth (Desormeaux, Allsup; Coeur d'Alene, ID): UBS to Sanctuary Wealth, $350M, May 1, 2026J. Kyle Mays (single advisor; The Woodlands, TX): UBS to Wells Fargo Advisors, $380M, Dec 22, 2025David Potischman (single advisor; Morristown, NJ): UBS to Morgan Stanley, $385M, May 23, 2025Pearsall Wealth Management (Adam Pearsall; Glens Falls, NY): UBS to Raymond James & Associates, $400M, Aug 20, 2026Brian Whitney (single advisor; Los Angeles, CA): UBS to Wells Fargo Advisors, $400M, Sep 29, 2025Worley Monroe Advisors (Worley, Monroe): Edward Jones to LPL Financial, $400M, Sep 18, 2025Jonathan Israel (single advisor; Woodland Hills, CA): UBS to Raymond James & Associates, $400M, May 30, 2025Leonard and Mason team (James Leonard, Daniel Mason; Raleigh, NC): UBS to Wells Fargo FiNet, $404M, Aug 20, 2025Yari Capital (Kurt Mattson, Atlanta, GA): Northwestern Mutual to Carson Group, $405M, Aug 20, 2026Fundamentum Advisors (Gabriel, Burns, Johnson; Atlanta, GA): Merrill Lynch to Raymond James & Associates, $408M, Jun 10, 2026Arnold Hochstadt (single advisor; Woodbury, NY): UBS to Wells Fargo Advisors, $420M, Jul 13, 2026Forsa Wealth Partners (John & Sean Murphy): Edward Jones to Raymond James (RJFS), $420M, Nov 25, 2025Armstrong & Sinoff Financial (Armstrong, Sinoff; Winter Park, FL): Northwestern Mutual to OnePoint BFG Wealth Partners, $425M, Apr 1, 2026Wilson Wealth Management (Alpharetta, GA): UBS to RBC Wealth Management, $430M, Feb 2, 2026The Singer Maxey Wealth Management (Andrew Singer, Storm Maxey; Bend, OR): Merrill Lynch to Raymond James (RJ&A), $450M, Oct 12, 2026Hull Penza Wealth Advisors (Jason Hull, Jessica Penza; Dublin, OH): UBS to Raymond James & Associates, $450M, Apr 21, 2026Tailwaters Private Wealth Management Group (Damian Hedley, Anthony Brookfield; San Francisco, CA): UBS to Merrill Lynch, $450M, Sep 2, 2025Greykasell Wealth Strategies (David Eisenhauer; Danville, CA): Northwestern Mutual to Independent RIA, $450M, Feb 1, 2024Peter Choy (Nashville, TN): UBS to Merrill Lynch, $460M, Jun 26, 2026DiGiorno Wealth Management Group (Naples, FL): UBS to Wells Fargo Advisors, $466M, Apr 28, 2026Scientia Wealth Partners (Schlesinger, Cheu; San Francisco, CA): UBS to Raymond James (Alex. Brown channel), $470M to $600M, Sep 3, 2026Daniel Berger (single advisor; St. Louis, MO): UBS to Raymond James & Associates, $480M, May 21, 2026Schrimsher, Mann, Stumb (Huntsville, AL): UBS to Wells Fargo Advisors, $480M, Feb 12, 2026Goth Heare Wealth Management Group (Chuck Heare, Ross Heare, Tommy Goth, Jennifer Goth-Castillo; Beaumont, TX): UBS to Ameriprise Financial, $480M, Jul 21, 2025Redstone Wealth Management Group (Carlson, Herron, Blair; Greensboro, NC): UBS to Wedbush, $500M, Sep 10, 2026Essential Private Wealth (Evan Bloomberg; Tinton Falls, NJ): UBS to Raymond James & Associates, $500M, Jul 29, 2026Austin and Smith Wealth Management Group (Thomas Austin, Ryan Smith; Syracuse, NY): UBS to RBC Wealth Management, $500M, May 16, 2025Sabota Wealth Management Group (Michael Sabota, Zachary Sabota; Tyler, TX): UBS to Stifel, $530M, May 23, 2025Excel Wealth Management Group (Juleane Spittler, Christopher Jette; San Diego, CA): UBS to Wells Fargo Advisors, $533M, May 23, 2025Michael Rogala (Houston, TX): Merrill Lynch to Raymond James (Alex. Brown, RJ&A), $550M, Sep 11, 2026Le Sage Mattiza Maggard Wealth Management (Harold Le Sage Jr., Jeanette Mattiza, Madison Maggard; The Woodlands, TX): UBS to Raymond James & Associates, $550M, Sep 2, 2026Pham Yip Wealth Partners (John Pham, Jimmy Yip, Leslie Vinoya, Kimberly Russell, Randall Bane; Palo Alto and San Jose, CA): Merrill Lynch to UBS, $575M, Sep 25, 2026Economos Private Wealth (Nick Economos; Danville, CA): Merrill Lynch to LPL Independent Advisor Network, $580M, Oct 14, 2026Forensic Investment Group (Atlanta, GA): UBS to Rockefeller Global Family Office, $580M, Dec 5, 2025Mike Russell (Woodland, CA): Edward Jones to Perennial, $640M, Jun 1, 2026David Warren (single advisor; Miami, FL): UBS to Merrill Lynch, $645M, Apr 6, 2026Todd Brase and Dray Henderson (Schaumburg and Downers Grove, IL): J.P. Morgan to Genesis Wealth (LPL Financial), $650M, Jan 5, 2026Fogarty Hernandez Wealth Management Group (John Fogarty Jr., Eric Hernandez; Los Angeles, CA): UBS to RBC Wealth Management, $660M, Jan 8, 2026Saler, Kalodner and Coles (Bradley Saler, Steven Kalodner, Michael Coles; Marlton, NJ): UBS to Wells Fargo Advisors, $687M, Sep 15, 2025Financial Architect Advisors, formerly Spyglass Hill Advisors (Frederick Grand Jr., Thomas Nieto; Newport Beach, CA): UBS to Wells Fargo FiNet, $690M, Mar 17, 2026Sage Wealth Partners (Christopher Sheets, Forrest Green; Houston, TX): J.P. Morgan to Rockefeller Global Family Office, $700M, Oct 23, 2026Voyage Wealth Architects (Brian Eder; Minneapolis, MN): Northwestern Mutual to OnePoint BFG Wealth Partners, $700M, Feb 1, 2026Alan Feutz (Deerfield, IL): J.P. Morgan to Genesis Wealth (LPL Financial), $725M, Jun 18, 2026Tom Madigan (single advisor; Connecticut): UBS to LPL Financial, $300M, Feb 20, 2026Kendall Wealth Management (Kiley, Mitch & Kyle Kendall): Edward Jones to Ameriprise (independent), $300M+, Oct 1, 2025Frantz Guzman Wealth Management (Erica Frantz, Annie Guzman; Wayzata, MN): UBS to Morgan Stanley, $300M, Sep 3, 2025Carol Mani Johnston (single advisor; San Antonio, TX): UBS to RBC Wealth Management, $300M, Aug 29, 2025Garrison Financial Group (Garrison, Hall, Strelau; Littleton, CO): Northwestern Mutual to Raymond James, $300M, Aug 1, 2024Sentinel Advisory Group (Cashore, Shulla, Keeling, Grunder; Middleton, WI): Northwestern Mutual to Commonwealth Financial Network, $300M, Jul 1, 2024Matthew J. Smith (Birmingham, AL): Merrill Lynch to Morgan Stanley, $305M, Sep 5, 2025Sloane team (Martin Sloane, Thomas Sloane; Stuart, FL): UBS to Raymond James & Associates, $320M, Sep 4, 2025Buchanan Group (Robert Buchanan, Mark Buchanan; Austin, TX): UBS to J.P. Morgan Advisors, $320M, Aug 29, 2025Paxara Wealth Partners (Thornhill, Rathbun; Winter Haven, FL): UBS to Linsco by LPL Financial, $330M, May 7, 2026Novak Cancienne Tresca & Kungel Wealth Management (Gene Novak, David Cancienne, Kerry Kungel, Travis Tresca; New Orleans, LA): UBS to Raymond James & Associates, $340M, Jun 20, 2025Iron North Private Wealth (Desormeaux, Allsup; Coeur d'Alene, ID): UBS to Sanctuary Wealth, $350M, May 1, 2026J. Kyle Mays (single advisor; The Woodlands, TX): UBS to Wells Fargo Advisors, $380M, Dec 22, 2025David Potischman (single advisor; Morristown, NJ): UBS to Morgan Stanley, $385M, May 23, 2025Pearsall Wealth Management (Adam Pearsall; Glens Falls, NY): UBS to Raymond James & Associates, $400M, Aug 20, 2026Brian Whitney (single advisor; Los Angeles, CA): UBS to Wells Fargo Advisors, $400M, Sep 29, 2025Worley Monroe Advisors (Worley, Monroe): Edward Jones to LPL Financial, $400M, Sep 18, 2025Jonathan Israel (single advisor; Woodland Hills, CA): UBS to Raymond James & Associates, $400M, May 30, 2025Leonard and Mason team (James Leonard, Daniel Mason; Raleigh, NC): UBS to Wells Fargo FiNet, $404M, Aug 20, 2025Yari Capital (Kurt Mattson, Atlanta, GA): Northwestern Mutual to Carson Group, $405M, Aug 20, 2026Fundamentum Advisors (Gabriel, Burns, Johnson; Atlanta, GA): Merrill Lynch to Raymond James & Associates, $408M, Jun 10, 2026Arnold Hochstadt (single advisor; Woodbury, NY): UBS to Wells Fargo Advisors, $420M, Jul 13, 2026Forsa Wealth Partners (John & Sean Murphy): Edward Jones to Raymond James (RJFS), $420M, Nov 25, 2025Armstrong & Sinoff Financial (Armstrong, Sinoff; Winter Park, FL): Northwestern Mutual to OnePoint BFG Wealth Partners, $425M, Apr 1, 2026Wilson Wealth Management (Alpharetta, GA): UBS to RBC Wealth Management, $430M, Feb 2, 2026The Singer Maxey Wealth Management (Andrew Singer, Storm Maxey; Bend, OR): Merrill Lynch to Raymond James (RJ&A), $450M, Oct 12, 2026Hull Penza Wealth Advisors (Jason Hull, Jessica Penza; Dublin, OH): UBS to Raymond James & Associates, $450M, Apr 21, 2026Tailwaters Private Wealth Management Group (Damian Hedley, Anthony Brookfield; San Francisco, CA): UBS to Merrill Lynch, $450M, Sep 2, 2025Greykasell Wealth Strategies (David Eisenhauer; Danville, CA): Northwestern Mutual to Independent RIA, $450M, Feb 1, 2024Peter Choy (Nashville, TN): UBS to Merrill Lynch, $460M, Jun 26, 2026DiGiorno Wealth Management Group (Naples, FL): UBS to Wells Fargo Advisors, $466M, Apr 28, 2026Scientia Wealth Partners (Schlesinger, Cheu; San Francisco, CA): UBS to Raymond James (Alex. Brown channel), $470M to $600M, Sep 3, 2026Daniel Berger (single advisor; St. Louis, MO): UBS to Raymond James & Associates, $480M, May 21, 2026Schrimsher, Mann, Stumb (Huntsville, AL): UBS to Wells Fargo Advisors, $480M, Feb 12, 2026Goth Heare Wealth Management Group (Chuck Heare, Ross Heare, Tommy Goth, Jennifer Goth-Castillo; Beaumont, TX): UBS to Ameriprise Financial, $480M, Jul 21, 2025Redstone Wealth Management Group (Carlson, Herron, Blair; Greensboro, NC): UBS to Wedbush, $500M, Sep 10, 2026Essential Private Wealth (Evan Bloomberg; Tinton Falls, NJ): UBS to Raymond James & Associates, $500M, Jul 29, 2026Austin and Smith Wealth Management Group (Thomas Austin, Ryan Smith; Syracuse, NY): UBS to RBC Wealth Management, $500M, May 16, 2025Sabota Wealth Management Group (Michael Sabota, Zachary Sabota; Tyler, TX): UBS to Stifel, $530M, May 23, 2025Excel Wealth Management Group (Juleane Spittler, Christopher Jette; San Diego, CA): UBS to Wells Fargo Advisors, $533M, May 23, 2025Michael Rogala (Houston, TX): Merrill Lynch to Raymond James (Alex. Brown, RJ&A), $550M, Sep 11, 2026Le Sage Mattiza Maggard Wealth Management (Harold Le Sage Jr., Jeanette Mattiza, Madison Maggard; The Woodlands, TX): UBS to Raymond James & Associates, $550M, Sep 2, 2026Pham Yip Wealth Partners (John Pham, Jimmy Yip, Leslie Vinoya, Kimberly Russell, Randall Bane; Palo Alto and San Jose, CA): Merrill Lynch to UBS, $575M, Sep 25, 2026Economos Private Wealth (Nick Economos; Danville, CA): Merrill Lynch to LPL Independent Advisor Network, $580M, Oct 14, 2026Forensic Investment Group (Atlanta, GA): UBS to Rockefeller Global Family Office, $580M, Dec 5, 2025Mike Russell (Woodland, CA): Edward Jones to Perennial, $640M, Jun 1, 2026David Warren (single advisor; Miami, FL): UBS to Merrill Lynch, $645M, Apr 6, 2026Todd Brase and Dray Henderson (Schaumburg and Downers Grove, IL): J.P. Morgan to Genesis Wealth (LPL Financial), $650M, Jan 5, 2026Fogarty Hernandez Wealth Management Group (John Fogarty Jr., Eric Hernandez; Los Angeles, CA): UBS to RBC Wealth Management, $660M, Jan 8, 2026Saler, Kalodner and Coles (Bradley Saler, Steven Kalodner, Michael Coles; Marlton, NJ): UBS to Wells Fargo Advisors, $687M, Sep 15, 2025Financial Architect Advisors, formerly Spyglass Hill Advisors (Frederick Grand Jr., Thomas Nieto; Newport Beach, CA): UBS to Wells Fargo FiNet, $690M, Mar 17, 2026Sage Wealth Partners (Christopher Sheets, Forrest Green; Houston, TX): J.P. Morgan to Rockefeller Global Family Office, $700M, Oct 23, 2026Voyage Wealth Architects (Brian Eder; Minneapolis, MN): Northwestern Mutual to OnePoint BFG Wealth Partners, $700M, Feb 1, 2026Alan Feutz (Deerfield, IL): J.P. Morgan to Genesis Wealth (LPL Financial), $725M, Jun 18, 2026
$300MReported assets$750MEach dot is one of the 54 reported departures from Northwestern Mutual, Edward Jones, UBS, Merrill Lynch or J.P. Morgan.
  • Oct 2026Sage Wealth Partners (Christopher Sheets, Forrest Green; Houston, TX)J.P. Morgan to Rockefeller Global Family Office$700MAdvisorHub
  • Oct 2026Economos Private Wealth (Nick Economos; Danville, CA)Merrill Lynch to LPL Independent Advisor Network$580MInvestmentNews
  • Oct 2026The Singer Maxey Wealth Management (Andrew Singer, Storm Maxey; Bend, OR)Merrill Lynch to Raymond James (RJ&A)$450MAdvisorHub
  • Sep 2026Pham Yip Wealth Partners (John Pham, Jimmy Yip, Leslie Vinoya, Kimberly Russell, Randall Bane; Palo Alto and San Jose, CA)Merrill Lynch to UBS$575MAdvisorHub
Show all 54
  • Sep 2026Michael Rogala (Houston, TX)Merrill Lynch to Raymond James (Alex. Brown, RJ&A)$550MInvestmentNews
  • Sep 2026Redstone Wealth Management Group (Carlson, Herron, Blair; Greensboro, NC)UBS to Wedbush$500MAdvisorHub
  • Sep 2026Scientia Wealth Partners (Schlesinger, Cheu; San Francisco, CA)UBS to Raymond James (Alex. Brown channel)$470M to $600MAdvisorHub
  • Sep 2026Le Sage Mattiza Maggard Wealth Management (Harold Le Sage Jr., Jeanette Mattiza, Madison Maggard; The Woodlands, TX)UBS to Raymond James & Associates$550MInvestmentNews
  • Aug 2026Yari Capital (Kurt Mattson, Atlanta, GA)Northwestern Mutual to Carson Group$405MInvestmentNews
  • Aug 2026Pearsall Wealth Management (Adam Pearsall; Glens Falls, NY)UBS to Raymond James & Associates$400MFinancial Advisor
  • Jul 2026Essential Private Wealth (Evan Bloomberg; Tinton Falls, NJ)UBS to Raymond James & Associates$500MFinancial Advisor
  • Jul 2026Arnold Hochstadt (single advisor; Woodbury, NY)UBS to Wells Fargo Advisors$420MInvestmentNews
  • Jun 2026Peter Choy (Nashville, TN)UBS to Merrill Lynch$460MInvestmentNews
  • Jun 2026Alan Feutz (Deerfield, IL)J.P. Morgan to Genesis Wealth (LPL Financial)$725MInvestmentNews
  • Jun 2026Fundamentum Advisors (Gabriel, Burns, Johnson; Atlanta, GA)Merrill Lynch to Raymond James & Associates$408MFinancial Advisor IQ
  • Jun 2026Mike Russell (Woodland, CA)Edward Jones to Perennial$640MPerennial release (Business Wire)
  • May 2026Daniel Berger (single advisor; St. Louis, MO)UBS to Raymond James & Associates$480MInvestmentNews
  • May 2026Paxara Wealth Partners (Thornhill, Rathbun; Winter Haven, FL)UBS to Linsco by LPL Financial$330MAdvisorHub
  • May 2026Iron North Private Wealth (Desormeaux, Allsup; Coeur d'Alene, ID)UBS to Sanctuary Wealth$350MPR Newswire
  • Apr 2026DiGiorno Wealth Management Group (Naples, FL)UBS to Wells Fargo Advisors$466MAdvisorHub
  • Apr 2026Hull Penza Wealth Advisors (Jason Hull, Jessica Penza; Dublin, OH)UBS to Raymond James & Associates$450MInvestmentNews
  • Apr 2026David Warren (single advisor; Miami, FL)UBS to Merrill Lynch$645MAdvisorHub
  • Apr 2026Armstrong & Sinoff Financial (Armstrong, Sinoff; Winter Park, FL)Northwestern Mutual to OnePoint BFG Wealth Partners$425MInvestmentNews
  • Mar 2026Financial Architect Advisors, formerly Spyglass Hill Advisors (Frederick Grand Jr., Thomas Nieto; Newport Beach, CA)UBS to Wells Fargo FiNet$690MAdvisorHub
  • Feb 2026Tom Madigan (single advisor; Connecticut)UBS to LPL Financial$300MInvestmentNews
  • Feb 2026Schrimsher, Mann, Stumb (Huntsville, AL)UBS to Wells Fargo Advisors$480MAdvisorHub
  • Feb 2026Wilson Wealth Management (Alpharetta, GA)UBS to RBC Wealth Management$430MAdvisorHub
  • Feb 2026Voyage Wealth Architects (Brian Eder; Minneapolis, MN)Northwestern Mutual to OnePoint BFG Wealth Partners$700MInvestmentNews
  • Jan 2026Fogarty Hernandez Wealth Management Group (John Fogarty Jr., Eric Hernandez; Los Angeles, CA)UBS to RBC Wealth Management$660MAdvisorHub
  • Jan 2026Todd Brase and Dray Henderson (Schaumburg and Downers Grove, IL)J.P. Morgan to Genesis Wealth (LPL Financial)$650MInvestmentNews
  • Dec 2025J. Kyle Mays (single advisor; The Woodlands, TX)UBS to Wells Fargo Advisors$380MAdvisorHub
  • Dec 2025Forensic Investment Group (Atlanta, GA)UBS to Rockefeller Global Family Office$580MAdvisorHub
  • Nov 2025Forsa Wealth Partners (John & Sean Murphy)Edward Jones to Raymond James (RJFS)$420MRaymond James release
  • Oct 2025Kendall Wealth Management (Kiley, Mitch & Kyle Kendall)Edward Jones to Ameriprise (independent)$300M+Ameriprise release
  • Sep 2025Brian Whitney (single advisor; Los Angeles, CA)UBS to Wells Fargo Advisors$400MAdvisorHub
  • Sep 2025Worley Monroe Advisors (Worley, Monroe)Edward Jones to LPL Financial$400MLPL Financial release
  • Sep 2025Saler, Kalodner and Coles (Bradley Saler, Steven Kalodner, Michael Coles; Marlton, NJ)UBS to Wells Fargo Advisors$687MAdvisorHub
  • Sep 2025Matthew J. Smith (Birmingham, AL)Merrill Lynch to Morgan Stanley$305MAdvisorHub
  • Sep 2025Sloane team (Martin Sloane, Thomas Sloane; Stuart, FL)UBS to Raymond James & Associates$320MInvestmentNews
  • Sep 2025Frantz Guzman Wealth Management (Erica Frantz, Annie Guzman; Wayzata, MN)UBS to Morgan Stanley$300MAdvisorHub
  • Sep 2025Tailwaters Private Wealth Management Group (Damian Hedley, Anthony Brookfield; San Francisco, CA)UBS to Merrill Lynch$450MAdvisorHub
  • Aug 2025Buchanan Group (Robert Buchanan, Mark Buchanan; Austin, TX)UBS to J.P. Morgan Advisors$320MAdvisorHub
  • Aug 2025Carol Mani Johnston (single advisor; San Antonio, TX)UBS to RBC Wealth Management$300MAdvisorHub
  • Aug 2025Leonard and Mason team (James Leonard, Daniel Mason; Raleigh, NC)UBS to Wells Fargo FiNet$404MAdvisorHub
  • Jul 2025Goth Heare Wealth Management Group (Chuck Heare, Ross Heare, Tommy Goth, Jennifer Goth-Castillo; Beaumont, TX)UBS to Ameriprise Financial$480MAmeriprise Financial
  • Jun 2025Novak Cancienne Tresca & Kungel Wealth Management (Gene Novak, David Cancienne, Kerry Kungel, Travis Tresca; New Orleans, LA)UBS to Raymond James & Associates$340MInvestmentNews
  • May 2025Jonathan Israel (single advisor; Woodland Hills, CA)UBS to Raymond James & Associates$400MInvestmentNews
  • May 2025Excel Wealth Management Group (Juleane Spittler, Christopher Jette; San Diego, CA)UBS to Wells Fargo Advisors$533MAdvisorHub
  • May 2025Sabota Wealth Management Group (Michael Sabota, Zachary Sabota; Tyler, TX)UBS to Stifel$530MAdvisorHub
  • May 2025David Potischman (single advisor; Morristown, NJ)UBS to Morgan Stanley$385MAdvisorHub
  • May 2025Austin and Smith Wealth Management Group (Thomas Austin, Ryan Smith; Syracuse, NY)UBS to RBC Wealth Management$500MFinancial Planning
  • Aug 2024Garrison Financial Group (Garrison, Hall, Strelau; Littleton, CO)Northwestern Mutual to Raymond James$300MInvestmentNews
  • Jul 2024Sentinel Advisory Group (Cashore, Shulla, Keeling, Grunder; Middleton, WI)Northwestern Mutual to Commonwealth Financial Network$300MWealthManagement.com
  • Feb 2024Greykasell Wealth Strategies (David Eisenhauer; Danville, CA)Northwestern Mutual to Independent RIA$450MInvestmentNews

Source: Winthrop & Co. analysis of internal data, public regulatory records, and publicly reported moves. Moves reported by trade outlets and in firms' own announcements: departures from Northwestern Mutual from Feb 2024, Edward Jones from Oct 2024, UBS from May 2025, Merrill Lynch from Sep 2025 and J.P. Morgan from Jan 2026, and $1B+ team moves from any firm reported from Aug 2026. Assets as reported.

A move we worked on

Avenor WealthThree advisors from Edward Jones launched their own firm in September 2025 with about $375M in client assets, affiliated with Commonwealth Financial Network.Read the story

What to settle first at this level

  1. What counts in our trailing-12 when a firm prices a move, and do we have the records to show it?

    Also: Do Junior Advisors Get a Recruiting Package When They Move?

  2. How is credit split among us, and what should our own attorney read in the team agreement before any firm makes an offer?

    Also: Can a G2 Advisor Take Clients When Leaving the Team?

  3. Is a larger offer worth more per year once the length of the commitment is counted?

    Also: Negotiating a Forgivable Loan: Which Terms Actually Move

  4. Has the practice outgrown the platform it runs on?

    Also: Going Independent as a Financial Advisor: What Are My Real Options?

  5. Who on the team comes with us, and when are they told?

If you are

Back to the directory

Trailing-12 production

$1M to $2M

$150M to $300M in assets

This is the band where the case for renting a platform or owning the business tends to turn.

Start with How Much Does a $1 Million Practice Actually Keep?. Written for a practice at the bottom of this band.

Teams of about this size that moved

At least 32 publicly reported moves at this size, Jun 2024 to Oct 2026. Public reports give a team's assets and rarely its production. Each move sits at the level whose asset range holds its reported assets, counting from the lower figure up, as a general guide.

John Lucas (San Francisco, CA): UBS to Raymond James (Alex. Brown channel), $150M to $300M, Sep 3, 2026Brent Tiemeyer (St. Louis, MO): Edward Jones to Raymond James (RJ&A), $150M, May 19, 2026Montesa Wealth Management (A.J. Montesa; High Point, NC): Merrill Lynch to Concurrent Investment Advisors (hybrid RIA), $159M, Apr 10, 2026Guidepost Wealth Management (Stockton; Stillwater, OK): Edward Jones to LPL Financial, $160M, Aug 18, 2026Kevin King (Idaho Falls, ID): Edward Jones to Ameriprise Financial (independent channel), $160M, Jul 20, 2026Trey Pope (Huntsville, AL): Edward Jones to LPL Financial, $160M, Apr 2, 2026Kim Sheets (single advisor; Corpus Christi, TX): UBS to Merrill Lynch, $160M, Sep 2, 2025Jon Connell: Edward Jones to Seven Bridges Wealth Advisors, $165M, Jun 18, 2026Jay Desautels (single advisor; Burlington, VT): UBS to Wells Fargo Advisors, $165M, Feb 12, 2026Aaron Martin (Phoenix, AZ): Edward Jones to Raymond James, $170M+, Oct 8, 2026Blueprint Wealth Management (James Fetters; Santa Monica, CA): Northwestern Mutual to Carson Group, $170M, Nov 1, 2025Smith Complete Wealth (Les Smith; Spring Hill, TN): Edward Jones to LPL Financial, $185M, Jun 11, 2026McCutchen Wesson Wealth Advisors (McCutchen, Wesson; Marion, AR): Edward Jones to LPL Financial, $190M, Aug 20, 2026Bryan and Hayden Hildebrand (Shreveport, LA): Edward Jones to Ameriprise (Financial Institutions Group), ~$190M, Jan 6, 2026De Jesus & Co. Wealth Management (Roberto De Jesus, Acworth, GA): Edward Jones to Raymond James (RJFS), $199M, Aug 18, 2026Franko Wealth Management (Bernie Franko, Greensboro, NC): Edward Jones to Raymond James (RJFS), $200M+, Jun 4, 2026Wahlen Advisory Group (Melissa Wahlen, Chris Knight, Waukesha, WI): Edward Jones to Raymond James, $200M+, Jan 28, 2026Sam Fischer (single advisor; Austin, TX): UBS to Merrill Lynch, $200M, May 23, 2025Scott Dudley & David McQuade (San Diego, CA): Northwestern Mutual to Financial Advocates (LPL Financial), $200M, Jun 1, 2024Shaun Rowles (single advisor; Nashville, TN): UBS to Wells Fargo, $218M, Sep 29, 2025Glenn Rodriguez (Orlando area, FL): Merrill Lynch to Cyndeo Wealth Partners (Dynasty network RIA), $235M, Mar 27, 2026The Compass Group (Peter Morris, Kenneth Montal; Paramus, NJ): UBS to Raymond James & Associates, $245M, Oct 16, 2026Mork Wealth Management Group (Bob Mork, Andrew Mork; Lake Oswego, OR): UBS to RBC Wealth Management, $250M, Oct 14, 2026Daniel Zacharias: UBS to LPL Strategic Wealth (Decorum Wealth Management), $250M, Jun 18, 2026Happier Wealth (Beck, Macfarlane, Vongsawad, Rosen; Pleasant Grove, UT): Northwestern Mutual to LPL Financial, $250M, Nov 1, 2024Burkhart Wealth & Retirement (Bryan, Gretchen and Gabriele Burkhart, Sullivan, IN): Edward Jones to Raymond James & Associates, $250M+, Oct 8, 2024Opt Wealth Management (Kyle Vasel, Chicago): Merrill Lynch to Sanctuary Wealth (independent), $260M, Apr 10, 2026Gregory Phelps (Rockledge, FL): Edward Jones to Raymond James, $260M+, Sep 11, 2025Element Financial Services (Reece Nichols, Kilgore, TX): Edward Jones to Raymond James (RJFS), $268M, May 21, 2026Garcia Wealth Management Group (Brian Garcia, Sanae Garcia, Dylan Garcia; Pasadena, CA): UBS to Raymond James & Associates, $270M, May 30, 2025Alinity Wealth Management (Kubicek, Bowling, Wilks; Baton Rouge, LA): Northwestern Mutual to Mariner Independent, $275M, Jan 1, 2026Forest Lake Wealth Partners (Melissa Mirabile, single advisor; Albany, NY): UBS to Linsco by LPL Financial, $280M, Dec 11, 2025John Lucas (San Francisco, CA): UBS to Raymond James (Alex. Brown channel), $150M to $300M, Sep 3, 2026Brent Tiemeyer (St. Louis, MO): Edward Jones to Raymond James (RJ&A), $150M, May 19, 2026Montesa Wealth Management (A.J. Montesa; High Point, NC): Merrill Lynch to Concurrent Investment Advisors (hybrid RIA), $159M, Apr 10, 2026Guidepost Wealth Management (Stockton; Stillwater, OK): Edward Jones to LPL Financial, $160M, Aug 18, 2026Kevin King (Idaho Falls, ID): Edward Jones to Ameriprise Financial (independent channel), $160M, Jul 20, 2026Trey Pope (Huntsville, AL): Edward Jones to LPL Financial, $160M, Apr 2, 2026Kim Sheets (single advisor; Corpus Christi, TX): UBS to Merrill Lynch, $160M, Sep 2, 2025Jon Connell: Edward Jones to Seven Bridges Wealth Advisors, $165M, Jun 18, 2026Jay Desautels (single advisor; Burlington, VT): UBS to Wells Fargo Advisors, $165M, Feb 12, 2026Aaron Martin (Phoenix, AZ): Edward Jones to Raymond James, $170M+, Oct 8, 2026Blueprint Wealth Management (James Fetters; Santa Monica, CA): Northwestern Mutual to Carson Group, $170M, Nov 1, 2025Smith Complete Wealth (Les Smith; Spring Hill, TN): Edward Jones to LPL Financial, $185M, Jun 11, 2026McCutchen Wesson Wealth Advisors (McCutchen, Wesson; Marion, AR): Edward Jones to LPL Financial, $190M, Aug 20, 2026Bryan and Hayden Hildebrand (Shreveport, LA): Edward Jones to Ameriprise (Financial Institutions Group), ~$190M, Jan 6, 2026De Jesus & Co. Wealth Management (Roberto De Jesus, Acworth, GA): Edward Jones to Raymond James (RJFS), $199M, Aug 18, 2026Franko Wealth Management (Bernie Franko, Greensboro, NC): Edward Jones to Raymond James (RJFS), $200M+, Jun 4, 2026Wahlen Advisory Group (Melissa Wahlen, Chris Knight, Waukesha, WI): Edward Jones to Raymond James, $200M+, Jan 28, 2026Sam Fischer (single advisor; Austin, TX): UBS to Merrill Lynch, $200M, May 23, 2025Scott Dudley & David McQuade (San Diego, CA): Northwestern Mutual to Financial Advocates (LPL Financial), $200M, Jun 1, 2024Shaun Rowles (single advisor; Nashville, TN): UBS to Wells Fargo, $218M, Sep 29, 2025Glenn Rodriguez (Orlando area, FL): Merrill Lynch to Cyndeo Wealth Partners (Dynasty network RIA), $235M, Mar 27, 2026The Compass Group (Peter Morris, Kenneth Montal; Paramus, NJ): UBS to Raymond James & Associates, $245M, Oct 16, 2026Mork Wealth Management Group (Bob Mork, Andrew Mork; Lake Oswego, OR): UBS to RBC Wealth Management, $250M, Oct 14, 2026Daniel Zacharias: UBS to LPL Strategic Wealth (Decorum Wealth Management), $250M, Jun 18, 2026Happier Wealth (Beck, Macfarlane, Vongsawad, Rosen; Pleasant Grove, UT): Northwestern Mutual to LPL Financial, $250M, Nov 1, 2024Burkhart Wealth & Retirement (Bryan, Gretchen and Gabriele Burkhart, Sullivan, IN): Edward Jones to Raymond James & Associates, $250M+, Oct 8, 2024Opt Wealth Management (Kyle Vasel, Chicago): Merrill Lynch to Sanctuary Wealth (independent), $260M, Apr 10, 2026Gregory Phelps (Rockledge, FL): Edward Jones to Raymond James, $260M+, Sep 11, 2025Element Financial Services (Reece Nichols, Kilgore, TX): Edward Jones to Raymond James (RJFS), $268M, May 21, 2026Garcia Wealth Management Group (Brian Garcia, Sanae Garcia, Dylan Garcia; Pasadena, CA): UBS to Raymond James & Associates, $270M, May 30, 2025Alinity Wealth Management (Kubicek, Bowling, Wilks; Baton Rouge, LA): Northwestern Mutual to Mariner Independent, $275M, Jan 1, 2026Forest Lake Wealth Partners (Melissa Mirabile, single advisor; Albany, NY): UBS to Linsco by LPL Financial, $280M, Dec 11, 2025
$150MReported assets$300MEach dot is one of the 32 reported departures from Northwestern Mutual, Edward Jones, UBS, Merrill Lynch or J.P. Morgan.
  • Oct 2026The Compass Group (Peter Morris, Kenneth Montal; Paramus, NJ)UBS to Raymond James & Associates$245MInvestmentNews
  • Oct 2026Mork Wealth Management Group (Bob Mork, Andrew Mork; Lake Oswego, OR)UBS to RBC Wealth Management$250MInvestmentNews
  • Oct 2026Aaron Martin (Phoenix, AZ)Edward Jones to Raymond James$170M+Raymond James release
  • Sep 2026John Lucas (San Francisco, CA)UBS to Raymond James (Alex. Brown channel)$150M to $300MAdvisorHub
Show all 32
  • Aug 2026McCutchen Wesson Wealth Advisors (McCutchen, Wesson; Marion, AR)Edward Jones to LPL Financial$190MLPL Financial
  • Aug 2026Guidepost Wealth Management (Stockton; Stillwater, OK)Edward Jones to LPL Financial$160MLPL Financial
  • Aug 2026De Jesus & Co. Wealth Management (Roberto De Jesus, Acworth, GA)Edward Jones to Raymond James (RJFS)$199MRaymond James release
  • Jul 2026Kevin King (Idaho Falls, ID)Edward Jones to Ameriprise Financial (independent channel)$160MInvestmentNews
  • Jun 2026Jon ConnellEdward Jones to Seven Bridges Wealth Advisors$165MPR Newswire
  • Jun 2026Daniel ZachariasUBS to LPL Strategic Wealth (Decorum Wealth Management)$250MInvestmentNews
  • Jun 2026Smith Complete Wealth (Les Smith; Spring Hill, TN)Edward Jones to LPL Financial$185MLPL Financial release
  • Jun 2026Franko Wealth Management (Bernie Franko, Greensboro, NC)Edward Jones to Raymond James (RJFS)$200M+Raymond James release
  • May 2026Element Financial Services (Reece Nichols, Kilgore, TX)Edward Jones to Raymond James (RJFS)$268MRaymond James release
  • May 2026Brent Tiemeyer (St. Louis, MO)Edward Jones to Raymond James (RJ&A)$150MRaymond James release
  • Apr 2026Opt Wealth Management (Kyle Vasel, Chicago)Merrill Lynch to Sanctuary Wealth (independent)$260MWealthManagement.com
  • Apr 2026Montesa Wealth Management (A.J. Montesa; High Point, NC)Merrill Lynch to Concurrent Investment Advisors (hybrid RIA)$159MWealthManagement.com
  • Apr 2026Trey Pope (Huntsville, AL)Edward Jones to LPL Financial$160MLPL Financial release
  • Mar 2026Glenn Rodriguez (Orlando area, FL)Merrill Lynch to Cyndeo Wealth Partners (Dynasty network RIA)$235MWealthManagement.com
  • Feb 2026Jay Desautels (single advisor; Burlington, VT)UBS to Wells Fargo Advisors$165MInvestmentNews
  • Jan 2026Wahlen Advisory Group (Melissa Wahlen, Chris Knight, Waukesha, WI)Edward Jones to Raymond James$200M+Raymond James release
  • Jan 2026Bryan and Hayden Hildebrand (Shreveport, LA)Edward Jones to Ameriprise (Financial Institutions Group)~$190MAmeriprise release
  • Jan 2026Alinity Wealth Management (Kubicek, Bowling, Wilks; Baton Rouge, LA)Northwestern Mutual to Mariner Independent$275MWealthManagement.com
  • Dec 2025Forest Lake Wealth Partners (Melissa Mirabile, single advisor; Albany, NY)UBS to Linsco by LPL Financial$280MInvestmentNews
  • Nov 2025Blueprint Wealth Management (James Fetters; Santa Monica, CA)Northwestern Mutual to Carson Group$170MCarson Group
  • Sep 2025Shaun Rowles (single advisor; Nashville, TN)UBS to Wells Fargo$218MAdvisorHub
  • Sep 2025Gregory Phelps (Rockledge, FL)Edward Jones to Raymond James$260M+Raymond James release
  • Sep 2025Kim Sheets (single advisor; Corpus Christi, TX)UBS to Merrill Lynch$160MAdvisorHub
  • May 2025Garcia Wealth Management Group (Brian Garcia, Sanae Garcia, Dylan Garcia; Pasadena, CA)UBS to Raymond James & Associates$270MInvestmentNews
  • May 2025Sam Fischer (single advisor; Austin, TX)UBS to Merrill Lynch$200MInvestmentNews
  • Nov 2024Happier Wealth (Beck, Macfarlane, Vongsawad, Rosen; Pleasant Grove, UT)Northwestern Mutual to LPL Financial$250MInvestmentNews
  • Oct 2024Burkhart Wealth & Retirement (Bryan, Gretchen and Gabriele Burkhart, Sullivan, IN)Edward Jones to Raymond James & Associates$250M+InvestmentNews
  • Jun 2024Scott Dudley & David McQuade (San Diego, CA)Northwestern Mutual to Financial Advocates (LPL Financial)$200MFinancial Planning

Source: Winthrop & Co. analysis of internal data, public regulatory records, and publicly reported moves. Moves reported by trade outlets and in firms' own announcements: departures from Northwestern Mutual from Feb 2024, Edward Jones from Oct 2024, UBS from May 2025, Merrill Lynch from Sep 2025 and J.P. Morgan from Jan 2026, and $1B+ team moves from any firm reported from Aug 2026. Assets as reported.

Moves we worked on

Haba Sherry Wealth ManagementFrom Northwestern Mutual to Raymond James in April 2026, with $200M+ in client assets.Read the storyCoWealth AdvisorsJosh Colwell moved from Edward Jones to Raymond James with roughly $150M in client assets, and has grown to $600M since.Read the story

What to settle first at this level

  1. What does my practice keep on the grid after deferral, what would it net as a business I own, and what is it worth?
  2. Does a raised grid threshold reach my production next year?

    Also: Which Advisors Do the 2027 Wirehouse Pay Plans Reach?

  3. What would I leave behind in deferred pay and unforgiven notes, and when does that amount fall?
  4. Is my practice large enough that owning it outside a broker-dealer pays for the overhead?

    Also: Going Independent as a Financial Advisor: What Are My Real Options?

  5. Is staying the right answer for my practice?

If you are

Back to the directory

Trailing-12 production

$500K to $1M

$75M to $150M in assets

Around this level the deciding questions turn to portability and whether the advisor wants to run a business.

Teams of about this size that moved

At least 19 publicly reported moves at this size, May 2025 to Sep 2026. Public reports give a team's assets and rarely its production. Each move sits at the level whose asset range holds its reported assets, counting from the lower figure up, as a general guide.

Burke Coleman (single advisor; Albany, NY): UBS to Merrill Lynch, $100M, May 23, 2025Know My Plan (Joseph Wind, Charlotte, NC): Edward Jones to Raymond James (RJFS), $101M, Mar 19, 2026Anthony Vitagliano (single advisor; Lake Mary, FL): UBS to Wells Fargo Advisors, $106M, Feb 12, 2026Kevin Kitt (single advisor; Westhampton Beach, NY): UBS to Ameriprise Financial, $110M, Dec 11, 2025Nemec Wealth Advisors (Nicholas M. Nemec; Lake Suzy, FL): Edward Jones to &Partners, $115M, May 1, 2026Colin Gates (Boca Raton, FL): Merrill Lynch to Ameriprise (branch channel), $120M+, Sep 25, 2026Evan McGrath (Fort Lauderdale, FL): J.P. Morgan to UBS, $120M, Jun 18, 2026Freedom Ridge Private Wealth (Russell Austin, Spartanburg, SC): Edward Jones to Ameriprise Financial (independent channel), $120M+, Jun 9, 2026Gregory Shanaphy (single advisor; Summit, NJ): UBS to Merrill Lynch, $120M, Jul 22, 2025Alister Chick (Shallotte, NC): Edward Jones to Raymond James, $122M, Apr 30, 2026Tom Palomares (Tucson, AZ): Edward Jones to Raymond James, $126M, May 18, 2026Brandon Harper (Lafayette, CA): J.P. Morgan to Wells Fargo Advisors, $130M+, Jun 26, 2026Dewey Buhr (single advisor; Sioux Falls, SD): UBS to Wells Fargo Advisors, $130M, Sep 29, 2025Mishler Financial Planning (Sye Mishler): Edward Jones to Raymond James (RJFS), $130M, Sep 10, 2025Chiarello Wealth Management (Shannon Chiarello): Edward Jones to Raymond James (RJFS), $130M+, Aug 13, 2025Fair Oaks Wealth Management (Bob Halbert, York, PA): Edward Jones to Ameriprise Financial (independent channel), $140M+, Apr 20, 2026Johnson Private Wealth (Ben Johnson): Edward Jones to Raymond James (RJFS), $140M+, Sep 9, 2025Webster Group (Kenneth Webster, Jake Webster; Holladay, UT): UBS to Wells Fargo Advisors, $143M, Mar 12, 2026Samuel Mattson (Vancouver, WA): J.P. Morgan to Wells Fargo Advisors, ~$145M, Jun 26, 2026Burke Coleman (single advisor; Albany, NY): UBS to Merrill Lynch, $100M, May 23, 2025Know My Plan (Joseph Wind, Charlotte, NC): Edward Jones to Raymond James (RJFS), $101M, Mar 19, 2026Anthony Vitagliano (single advisor; Lake Mary, FL): UBS to Wells Fargo Advisors, $106M, Feb 12, 2026Kevin Kitt (single advisor; Westhampton Beach, NY): UBS to Ameriprise Financial, $110M, Dec 11, 2025Nemec Wealth Advisors (Nicholas M. Nemec; Lake Suzy, FL): Edward Jones to &Partners, $115M, May 1, 2026Colin Gates (Boca Raton, FL): Merrill Lynch to Ameriprise (branch channel), $120M+, Sep 25, 2026Evan McGrath (Fort Lauderdale, FL): J.P. Morgan to UBS, $120M, Jun 18, 2026Freedom Ridge Private Wealth (Russell Austin, Spartanburg, SC): Edward Jones to Ameriprise Financial (independent channel), $120M+, Jun 9, 2026Gregory Shanaphy (single advisor; Summit, NJ): UBS to Merrill Lynch, $120M, Jul 22, 2025Alister Chick (Shallotte, NC): Edward Jones to Raymond James, $122M, Apr 30, 2026Tom Palomares (Tucson, AZ): Edward Jones to Raymond James, $126M, May 18, 2026Brandon Harper (Lafayette, CA): J.P. Morgan to Wells Fargo Advisors, $130M+, Jun 26, 2026Dewey Buhr (single advisor; Sioux Falls, SD): UBS to Wells Fargo Advisors, $130M, Sep 29, 2025Mishler Financial Planning (Sye Mishler): Edward Jones to Raymond James (RJFS), $130M, Sep 10, 2025Chiarello Wealth Management (Shannon Chiarello): Edward Jones to Raymond James (RJFS), $130M+, Aug 13, 2025Fair Oaks Wealth Management (Bob Halbert, York, PA): Edward Jones to Ameriprise Financial (independent channel), $140M+, Apr 20, 2026Johnson Private Wealth (Ben Johnson): Edward Jones to Raymond James (RJFS), $140M+, Sep 9, 2025Webster Group (Kenneth Webster, Jake Webster; Holladay, UT): UBS to Wells Fargo Advisors, $143M, Mar 12, 2026Samuel Mattson (Vancouver, WA): J.P. Morgan to Wells Fargo Advisors, ~$145M, Jun 26, 2026
$75MReported assets$150MEach dot is one of the 19 reported departures from Northwestern Mutual, Edward Jones, UBS, Merrill Lynch or J.P. Morgan.
  • Sep 2026Colin Gates (Boca Raton, FL)Merrill Lynch to Ameriprise (branch channel)$120M+InvestmentNews
  • Jun 2026Brandon Harper (Lafayette, CA)J.P. Morgan to Wells Fargo Advisors$130M+InvestmentNews
  • Jun 2026Samuel Mattson (Vancouver, WA)J.P. Morgan to Wells Fargo Advisors~$145MInvestmentNews
  • Jun 2026Evan McGrath (Fort Lauderdale, FL)J.P. Morgan to UBS$120MInvestmentNews
Show all 19
  • Jun 2026Freedom Ridge Private Wealth (Russell Austin, Spartanburg, SC)Edward Jones to Ameriprise Financial (independent channel)$120M+Ameriprise release
  • May 2026Tom Palomares (Tucson, AZ)Edward Jones to Raymond James$126MRaymond James release
  • May 2026Nemec Wealth Advisors (Nicholas M. Nemec; Lake Suzy, FL)Edward Jones to &Partners$115MInvestmentNews
  • Apr 2026Alister Chick (Shallotte, NC)Edward Jones to Raymond James$122MRaymond James release
  • Apr 2026Fair Oaks Wealth Management (Bob Halbert, York, PA)Edward Jones to Ameriprise Financial (independent channel)$140M+Ameriprise release
  • Mar 2026Know My Plan (Joseph Wind, Charlotte, NC)Edward Jones to Raymond James (RJFS)$101MRaymond James release
  • Mar 2026Webster Group (Kenneth Webster, Jake Webster; Holladay, UT)UBS to Wells Fargo Advisors$143MInvestmentNews
  • Feb 2026Anthony Vitagliano (single advisor; Lake Mary, FL)UBS to Wells Fargo Advisors$106MInvestmentNews
  • Dec 2025Kevin Kitt (single advisor; Westhampton Beach, NY)UBS to Ameriprise Financial$110MAmeriprise Financial
  • Sep 2025Dewey Buhr (single advisor; Sioux Falls, SD)UBS to Wells Fargo Advisors$130MAdvisorHub
  • Sep 2025Mishler Financial Planning (Sye Mishler)Edward Jones to Raymond James (RJFS)$130MRaymond James release
  • Sep 2025Johnson Private Wealth (Ben Johnson)Edward Jones to Raymond James (RJFS)$140M+Raymond James release
  • Aug 2025Chiarello Wealth Management (Shannon Chiarello)Edward Jones to Raymond James (RJFS)$130M+Raymond James release
  • Jul 2025Gregory Shanaphy (single advisor; Summit, NJ)UBS to Merrill Lynch$120MInvestmentNews
  • May 2025Burke Coleman (single advisor; Albany, NY)UBS to Merrill Lynch$100MInvestmentNews

Source: Winthrop & Co. analysis of internal data, public regulatory records, and publicly reported moves. Moves reported by trade outlets and in firms' own announcements: departures from Northwestern Mutual from Feb 2024, Edward Jones from Oct 2024, UBS from May 2025, Merrill Lynch from Sep 2025 and J.P. Morgan from Jan 2026, and $1B+ team moves from any firm reported from Aug 2026. Assets as reported.

What to settle first at this level

  1. Has my practice reached the point where the broker-dealer keeps more than its services cost?
  2. What does my practice keep on the grid after deferral, and what would it net as a business I own?
  3. Which kind of independence fits a practice this size?

    Also: The Order Most Advisors Get Wrong: Why You Probably Should Not Go Straight to an RIA

  4. Do next year's pay plans reach my level of production?
  5. In the middle of my career, what does waiting cost me?

If you are

Back to the directory

Trailing-12 production

$250K to $500K

$40M to $75M in assets

Usually established and often run by one advisor, a practice at this level is where changes to payout grids tend to land first.

Moves at this size are rarely reported in the trade press, so this floor leans on the research below.

What to settle first at this level

  1. Is independence realistic at my size, and in what order should the steps come?
  2. At my production, does the broker-dealer still cost less than the services I would buy on my own?
  3. Are small-household rules and next year's pay plans reaching a book like mine?

    Also: Which Advisors Do the 2027 Wirehouse Pay Plans Reach?

  4. Would I keep more as a firm's employee or as an independent contractor?
  5. How does a seat at a regional firm compare with an independent one for a practice this size?

If you are

Back to the directory

Trailing-12 production

Under $250K

Most practices here are still building, and the question that decides a move is where the business can grow.

Moves at this size are rarely reported in the trade press, so this floor leans on the research below.

What to settle first at this level

  1. Is there a minimum size for going independent, and is now the right time for my practice?
  2. Should I keep building where I am before I think about owning a practice?
  3. Does a broker-dealer's bundle of support cost a practice my size less than running everything myself?
  4. What does running a small RIA of my own involve day to day?
  5. Do next year's pay plans change what a practice my size takes home?

If you are

Back to the directory

What a move can be worth, by channel

  • Wirehouse recruiting packages run closer to 400% of trailing-12 production in 2026, depending on your book of business.
  • Regional firms usually write packages close to the wirehouses, roughly 300% to 400% and more at some firms, depending on your book of business.
  • Independent broker-dealer transition assistance runs 100% to 150% and above for the right teams, depending on your book of business, usually on forgivable notes of seven to ten years.
  • An independent broker-dealer's headline payout can reach 95% and above and nets in the 80s after the broker-dealer's own charges, depending on the broker-dealer, the business mix and advisory size.

None of these is a standard rate. Every figure depends on the advisor and the book, and the specific answer comes from a conversation.

Publicly reported moves

Teams and advisors with $1 billion or more in reported assets, publicly reported changing firms from August 6 to November 5, 2026: at least 37 moves, each with its destination and source.

Where billion-dollar teams are landing

Each of these moves reported $1 billion or more in assets.

Source: Winthrop & Co. analysis of internal data, public regulatory records, and publicly reported moves. Asset figures as reported.

How the levels are set

Production here is all trailing-12 revenue before payout, commissions and fees alike, whatever the channel. For an RIA owner it is the firm's revenue. A wirehouse or bank advisor, an independent broker-dealer representative, an RIA owner and an insurance-affiliated advisor all sit on the same scale. For a team, the level reads the team's production, and a package follows each member's credited production. Hiring firms differ on what they count, and they value fee and commission revenue differently (documenting your production).

The asset figure beside each level is a rough equivalent, translated from trailing-12 production at about 0.65% to 0.70% of assets a year. The real ratio depends on the team: practices built around very large households, lending or cash often carry more assets for the same production, and commission-, insurance- or alternatives-heavy books carry fewer. Production places a practice on this page; where the two point to different levels, go by production.

On a team
The team's production places the practice you work in. A move is priced on the production credited to you, which may be a fraction of it.
An RIA owner
Place your firm by its revenue. The asset label is a rough guide.
Between firms
Place yourself by the production on the registration you left. A legal question belongs with your own attorney. If you were just terminated
Insurance-affiliated
Your production places you on the same scale. Why advisors outgrow a captive platform

Which channel fits a practice your size is a conversation.

Every conversation is held in strict confidence. The firm pays us, and the advisor never pays.