Industry

Published WirehouseHUB stories filed under Industry.

• Merrill and UBS Push First-Half Wirehouse Advisor Losses Past All of 2025

  The four wirehouses ended the first six months of 2026 with 517 fewer experienced advisors than they started with, according to an industry recruiting report covered this week by WealthManagement.com, InvestmentNews and Wealth Solutions Report.

• OneSeven Hits 22-State Footprint with 4-Year USA Today Win Streak, Intensifying Its Pitch to Wirehouse Breakaways

  If you're a wirehouse producer weighing independence, OneSeven's pitch has gotten materially stronger: 22-state infrastructure, four consecutive national rankings, AI-driven tech, and a leadership team that has lived the transition themselves. The enterprise-value monetization story is the hook that separates them from simple breakaway custodian platforms.

• Rockefeller Capital Management's Standard Oil Playbook: How a Boutique Is Systematically Stripping Wirehouses of Their Best UHNW Teams

  If you manage ultra-high-net-worth or family office relationships at a wirehouse, Rockefeller Capital Management is actively building the infrastructure to make you an offer. Understanding their recruiting cadence and what they're selling—equity participation, brand differentiation, and a stripped-down service model—puts you in a stronger negotiating position whether you stay or go.

• The Breakaway Dream Is Becoming What Advisors Fled: RIA Roll-Ups Now Mirror Wirehouse Controls

  Before signing with any RIA aggregator, demand line-by-line clarity on non-competes, non-solicits, technology lock-ins, and equity liquidity terms—because the independence pitch may be masking a wirehouse in different clothing.

• $1.2B Breakaway, $7.8B Acquisition, And AI: The 3 Forces Dominating Advisor Mindshare In May

  The stories your peers couldn't stop reading in May are a blueprint for the competitive pressure bearing down on your book — breakaways are getting bigger, RIA consolidators are getting bolder, and AI is giving independents a scalability edge that wirehouses haven't fully matched.

• Wells Fargo Nets $466M UBS Veteran in Naples as $480M Brooklyn Team Bolts to Raymond James

  Wells Fargo is winning the UBS recruiting battle in Florida while bleeding independent-channel assets to Raymond James—net position depends entirely on which channel you're counting. left UBS, joined Wells Fargo, Naples, $466M

• Cetera Financial Group Recruits 22 Advisors Managing $3.8 Billion in February

  Cetera Financial Group added 22 advisors managing $3.8B in February, continuing its streak as one of the fastest-growing independent platforms.

• The Great Wealth Transfer: How $84 Trillion Will Reshape Advisory Practices Over the Next Decade

  A comprehensive analysis of the largest intergenerational wealth transfer in history and its implications for advisor business models, client acquisition strategies, and succession planning.

• Wirehouse Recruiting Economics in 2026: An Analysis of Deal Structures, Retention Incentives, and True Transition Costs

  An in-depth examination of current wirehouse recruiting packages, the hidden costs of transition, and how advisors should evaluate offers in an increasingly competitive talent market.

• The AI Revolution in Wealth Management: Separating Hype From Reality for Financial Advisors in 2026

  A comprehensive assessment of artificial intelligence applications in wealth management, examining which technologies deliver real value and which remain more promise than practice.

• Private Equity Firms Pour $15 Billion Into Wealth Management M&A in Record Year

  PE-backed aggregators are reshaping the advisory industry through unprecedented acquisition activity.

• Private Equity Now Controls 73.6% of All RIA Deals as Consolidation Accelerates

  PE-backed firms now control 73.6% of all RIA deals, up from 45% three years ago, as institutional capital reshapes wealth management.

• $1.4 Billion Ameriprise Team Defects to NewEdge Wealth in Tennessee

  A $1.4B Ameriprise team defected to NewEdge Wealth in Tennessee, citing dramatically higher payouts in the independent channel.

• RIA M&A Hits Record: 322 Deals and $1.22 Trillion in Transacted Assets in 2025

  RIA M&A hit a record 322 deals with $1.22 trillion in transacted assets in 2025, driven by PE firms deploying massive capital.

• Cerulli Projects Wirehouse Share Drops to 27.7% of Industry AUM by 2027

  Cerulli projects wirehouse firms will control just 27.7% of industry AUM by 2027, down from 32% today, as independent channels gain share.

• $1.3 Billion UBS Team Breaks Away to Launch Harbor View Private Wealth in Atlanta

  Elevation Point continues to attract large UBS breakaway teams, with Harbor View Private Wealth becoming the firm's latest $1 billion-plus partnership in the Atlanta market.

• UBS's Year of Reckoning: $52 Billion in Advisor Assets Walk Out the Door

  UBS lost 229 advisors and nearly $52 billion in client assets in 2025 following its controversial compensation restructuring—the worst talent hemorrhage at a major wirehouse since the 2008 financial crisis.

• Former UBS Team Launches 71 West Capital With $6.3 Billion in Client Assets

  The formation of 71 West Capital—one of the largest new RIAs launched in 2025—signals that UBS's largest teams increasingly see independence, not another wirehouse, as the answer.

• 90-Advisor Merrill Team Launches OpenArc With Dynasty Financial in Record $130 Billion Breakaway

  A 90-advisor Merrill Lynch team launched OpenArc with Dynasty Financial Partners, moving $130B in the largest breakaway in industry history.

• Janney Montgomery Scott Hires UBS Pennsylvania Branch Manager

  Janney's recruitment of a UBS branch manager overseeing three Pennsylvania offices highlights how regional wirehouses are capitalizing on Big Four instability to attract seasoned talent. left UBS, joined Janney

• Edward Jones Faces Growing Independence Threat as Advisors Eye Greener Pastures

  Edward Jones is betting $1.4 billion on a revamped partnership offering to stem advisor departures to independent platforms, but recruiters say the firm's culture clash with modern advisor expectations runs deeper than compensation.

• UBS Softens 2026 Compensation Plan After Worst Advisor Exodus in Firm History

  UBS's revised 2026 compensation plan attempts to stop the bleeding with targeted concessions for mid-tier producers, but the structural damage from 2025's changes may take years to repair.