Top advisers move 2015 4Q
2013 was a very busy year for adviser movement, according to the InvestmentNews Advisers on the Move Database,…
2013 was a very busy year for adviser movement, according to the InvestmentNews Advisers on the Move Database, A total of 26,690 million assets of management changed, which were 61 teams in total.
Via the graphics below, we highlighted the latest updates from the last quarter in 2015, and the overall trends from 2010 to 2015. For more details about each move, please read the slideshow.
The biggest move toward the end of 2015 was between Credit Suisse Wealth Services and Morgan Stanley Wealth Management as of 5 billion AUM. As you can see in the graph below, two third of the top 10 moves occurred in the tri-state areas.
Top 10 Moves in the 4Q
5,000
1,000
600
Credit Suisse Wealth Services
Morgan Stanley Wealth Management
Richard Zinman
Anthony Dertouzos
John Moreno
From:
To:
Adviser:
#1 New York: $5,000M:
#2 Chicago: $3,500M
From:
Credit Suisse Wealth Services
To:
Bank of America Merrill Lynch
Adviser:
Christopher Baldwin
Thomas Tyndorf
Andrew Skoglund
#3 West Nyack: $2,900M:
From:
To:
Adviser:
Bank of America Merrill Lynch
Raymond James
Chris Mahoney, Kevin Mahoney
Mark C. Marotta, Kristen Koluch
Phil Murphy
Quarterly Totals, 2010 – present
$50,000M
$40,000M
$30,000M
$20,000M
$10,000M
0
120
60
40
Total AUM moving
Number of team moving
3/2010
3/2011
3/2012
3/2013
3/2014
3/2015
12/2015
7,522
11,241
24,991
16,761
24,708
26,361
43,646
26,960
46
49
91
74
106
112
61
Top 5 firms in AUM gained
Raymond James
Morgan Stanley Wealth Management
Dynasty Financial Partners
Hightower Advisors
RBC Wealth Management
Net change in AUM: $6,529M
$2,782M
$2,350M
$1,750M
$824M
Teams net change
13
-5
3
3
5
Bottom 5 firms in AUM lost
Credit Suisse Wealth Services
Wells Fargo Advisors
Barclays
JPMorgan Chase & Co.
LPL Financial
Teams net change
Net change in AUM: -$93,04M
$1,500M
$1,100M
$775M
$636M
-4
-7
-2
-3
-4
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