Club Level Consulting branding with the text, “The Advisor’s Business: Weekly insights and updates on the business of being an advisor,” overlaid on a view from the deck of a yacht at sunset.

Week Ending October 17th, 2026

10/19/2026|Club Level Consulting

This week’s news on financial advisor transitions, launches, deals & comp, firm/platform updates, business succession/M&A and more…

🔄 TOP ADVISOR MOVES & WIREHOUSE UPDATES

• Janney Plants Flag in Houston With $3.3 Billion Raymond James Team (AdvisorHub)

• Captrust Adds $3B Hoge-Barrett Group From Truist (WealthManagement.com)

• $1.4B Raymond James Team Launches Tennessee RIA (AdvisorHub)

• Rockefeller Snags $1.2 Billion Truist Team in Florida (AdvisorHub)

• Indivisible Partners Lands $1.1 Billion RBC Team in Baltimore (AdvisorHub)

• LPL Draws $1B Northwestern Mutual Team to RIA Channel (WealthManagement.com)

• $4.7M Merrill Team Decamps for Raymond James in Oregon (AdvisorHub)

🏢 FIRM UPDATES

• Wells CEO Says Wealth Unit Realizing Its Potential, Downplays AI Threat (AdvisorHub)

• Wealth Revenues Climb at Morgan Stanley, Merrill Lynch (WealthManagement.com)

• Schwab Tags Wealth Advice as Key Growth Area, Investment Focus (WealthManagement.com)

• Rick Wurster Chides Fidelity in Wake of $100 Million RIA Purge as Schwab’s Net New RIA Assets Soar (RIABiz)

• Sammons Launches Criterion Wealth Advisory Platform With $27B in Assets (WealthManagement.com)

đź‘” LEADERSHIP MOVES

• &Partners Signs UBS Field Leaders Fox, Glassel in Growth Push (AdvisorHub)

• TD Bank’s RIA Unit Poaches Schwab’s Head of Firmwide AI to Lead U.S. Wealth (RIABiz)

• XYPN Starts National Search for Next President as Vince Hockett Steps Down (WealthManagement.com)

• Carson Names Goldman, United Bank Alum to Lead W-2 Advisor Channel (WealthManagement.com)

• Q3 M&A Deal Volume Cools, But Consolidators May Yet Drive a Record 2026 (WealthManagement.com)

🤖 AI / WEALTHTECH / FINTECH

• Connecticut Wealth Management Hires Subatomic to Build AI Operating System (WealthManagement.com)

• Before You Turn On AI, Treat It Like a New Hire (WealthManagement.com)

🤝 RIA / M&A UPDATES

• NYC-Based Tax Firm CohnReznick to Add $8B West Coast Wealth Practice (WealthManagement.com)

• Wells, Merrill Agree to $4.4M Settlement Over ‘Nickel-And-Dime’ Allegations (AdvisorHub)

• Brokers May Tout Performance Projections, Same as RIAs, SEC Says (AdvisorHub)

• Finra Cuts Waiting Periods for Retaking Broker Qualification Exams (AdvisorHub)

• Wealth Enhancement Sues Ex-Advisor Who Left for RFG (WealthManagement.com)

• Ex-MML Associate Pleads Guilty to $3.8M Fraud (WealthManagement.com)

🧭 PRACTICE MANAGEMENT / OWNERSHIP

• The Org Chart Nobody Draws (WealthManagement.com)

• The Rise of Phased Retirement (WealthManagement.com)

• One Word Powering the Next Phase of RIA Growth: Connection (WealthManagement.com)