Billion-Dollar Advisor Moves Top $78 Billion

At least 38 teams and advisors with $1 billion or more in assets switched firms between July and October 2026.

Updated on Nov. 2, 2026 in Financial Planning

Billion-Dollar Advisor Moves Top $78 Billion

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Would you feel comfortable if your financial advisor switched firms?

Between July 23 and October 22, 2026, at least 38 teams and advisors with $1 billion or more in assets changed firms, moving a combined $78 billion, according to research by Winthrop & Co., an independent transition consultancy for financial advisors. Employee firms outside the wirehouse channel landed 14 of those moves, totaling $31.4 billion in assets.

Why it matters

The movement of large advisor teams signals where client assets are flowing as firms compete for experienced advisors and their books of business. For investors, shifts of this scale can affect the continuity of the advisory relationships managing their savings and retirement assets.

Winthrop & Co. tallied 38 billion-dollar moves totaling about $78 billion from publicly reported transitions between July 23 and October 22, 2026, with employee firms capturing 14 moves and $31.4 billion. The extraction does not indicate how many of these moved assets will remain with the receiving firms over time.

The players

Winthrop & Co.

An independent transition consultancy for financial advisors that compiled the research on the billion-dollar team moves.

Raymond James Financial Services

A large U.S. broker-dealer and wealth management firm that attracted four billion-dollar teams during the period.

RBC Wealth Management

The wealth management arm of Royal Bank of Canada that gained four billion-dollar teams during the period.

The details

Raymond James attracted four billion-dollar teams totaling $8.7 billion, and RBC gained four teams totaling $5.5 billion, while Rockefeller Capital Management drew three teams with $4.2 billion. Blue Horizon Equity launched in August with $3.5 billion on Cetera Financial's Blueprint platform, and &Partners brought in $1.8 billion from 32 North Wealth in September.

- July 23, 2026 to October 22, 2026: Period in which the 38 billion-dollar moves occurred.
- August 2026: Blue Horizon Equity launched with $3.5 billion in assets.
- September 2026: &Partners brought in $1.8 billion from 32 North Wealth.

Market Dynamics

Winthrop & Co.'s transition tracking shows large advisor teams repeatedly moving between channels as firms compete for client assets. The 2026 tally extends that pattern, with independent channels and employee firms capturing a substantial share of the moved assets.

Clients of advisors who move between firms may need to confirm whether their accounts, fee arrangements, and planning relationships transfer with them. Reviewing account paperwork after an advisor changes firms can help clarify where assets are held and who manages them.