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Day brief
Daily Advisor News tracked a net flow of -$2.9B on July 9, 2026, as exiting firm AUM offset gains among existing advisors. Total gained AUM across 7 winning advisors reached $1.7B, while advisor headcount expanded by a net 16 across 13 new locations. Note that Form ADV regulatory AUM figures may differ from fund sizes reported in the press.
Citizens Private Wealth led top winners, adding $1.1B (+7%) to reach $16.6B in total AUM. Carlson Capital, L.P. added $167.9M (+39.1%) to reach $597.2M, while Golden Bay Advisors LLC grew by $115.8M (+64.4%) to $295.7M. No firms reported AUM losses in today's filings.
Thirteen new firms represented $1B in new AUM, led by Island Green Capital Management LLC ($416.9M), Incision Capital Management LP ($220.3M), and Green Horizon Partners Capital LLC ($159.6M). Meanwhile, six exits accounted for $5.6B in dead AUM, headlined by IWP Wealth Management LLC ($4.3B) and Wellspring Financial Partners ($1.2B).
Also tracked: advisors +16 · locations +13
Top 3 AUM gains · $1.7B tracked across 7 firms
Top 0 AUM drops · $0 tracked across 0 firms
No large AUM drops cleared the bar today.
Top 3 by reported AUM · $1B entered · 5 of 13 new names had AUM
Top 3 by last reported AUM · $5.6B left · 3 of 6 exits had AUM