Daily Advisor News

Daily Advisor News tracked $14.8B in net flow as positive moves heavily outpaced declines across registered firms. Total regulatory AUM jumped by $15.7B across 11 gaining firms and 3 declining firms. Net advisor count increased by 28, while net locations grew by 29.

The day's Big Winners were led by WESTFIELD CAPITAL MANAGEMENT COMPANY, L.P., which added $5.4B (+22.1%) to reach $29.8B in AUM. MORRISON US, LLC increased its AUM by $4.6B (+16.3%) to $32.5B, while MISSION WEALTH MANAGEMENT, LP climbed $3.1B (+22.2%) to $17B. Note that Form ADV regulatory AUM can differ from fund sizes reported in press releases.

Big Losers were headlined by SPF INVESTMENT MANAGEMENT, L.P., dropping $530.6M (-12.9%) to $3.6B. LEAFHOUSE FINANCIAL ADVISORS, LLC edged down by $13.7M (-0.1%), and AVENDUS WEALTH MANAGEMENT PRIVATE LIMITED fell $10.5M (-0.5%). Total losses across all three firms came to $554.8M.

Ten new firms joined the roster with $336.5M in reported AUM, led by LRH CAPITAL ADVISING LLC ($113.9M), UNDERDOG WEALTH MANAGEMENT, LLC ($111.9M), and ADVANCED WEALTH MANAGEMENT ($110.7M). Five firm exits accounted for $1.2B in departed AUM, led by SPUR CAPITAL PARTNERS ($879.9M), SMITH GROUP ASSET MANAGEMENT ($182.2M), and WARNKE/NICHOLS LTD. ($160M).