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Day brief
In today's Daily Advisor News, the RIA sector recorded a total net flow of $3.7B. Eight firms gained a total of $2.1B in AUM with no firms reporting losses for the day. Sage Trading Collective led the headline movers with a $717M gain to reach $1.2B in total AUM.
Sage Trading Collective posted the largest gain, expanding by 142% to $1.2B in AUM. Mainstay Capital Management, LLC followed with a $469.2M increase to hit $5.3B, while MIC Capital Management UK LLP added $426.8M to bring its total to $36.8B. No firm reported AUM losses in this update.
Eleven new firms appeared in filings adding $1.7B in new AUM, led by Asset Growth Solutions, LLC with $702.7M, Neostellar Advisors LLC with $433.3M, and Charbeth Advisory L.L.C. with $370M. Four exits resulted in $114.8M of departing AUM, primarily from Alpha One Asset Management LLC ($114.7M).
Across all filing events, advisor headcount saw a net gain of 22 advisors and 15 locations. Note that Form ADV regulatory AUM figures may differ from fund sizes reported in press releases.
Also tracked: advisors +22 · locations +15
Top 3 AUM gains · $2.1B tracked across 8 firms
Top 0 AUM drops · $0 tracked across 0 firms
No large AUM drops cleared the bar today.
Top 3 by reported AUM · $1.7B entered · 5 of 11 new names had AUM
Top 2 by last reported AUM · $114.8M left · 2 of 4 exits had AUM