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Day brief
Best Investors Daily Advisor News recorded a net flow of -$219.7M for August 12, 2026, with total net AUM falling by $767.2M even as industry headcount expanded by 32 advisors and 21 locations. The day's activity was led by a $1.2B drop at Merk Investments LLC and $1.2B in newly reported AUM across 16 new firms. Note that regulatory AUM reported on Form ADV filings may differ from fund sizes reported in press releases.
Awaken Wealth Partners LLC topped the daily gainers by bringing in $237.3M, while Monument Wealth Management increased its AUM by $116.7M (+21.9%) to $648.4M and Dynamic Wealth Advisors grew by $53.3M (+38%) to $193.3M. Merk Investments LLC posted the only major decline, falling by $1.2B (-31.6%) to end at $2.5B.
New entries brought $1.2B in regulatory AUM, led by LEH III Management LLC ($335.9M), Dominari IM LLC ($302.4M), and PSG Credit GP, LLC ($190.9M). Meanwhile, four firm exits erased $677.9M in AUM, headed by Cordant Wealth Partners ($370.5M), American Asset Management Inc. ($153.3M), and Aurora Wealth Advisors ($148.8M).
Also tracked: advisors +32 · locations +21
Top 3 AUM gains · $407.2M tracked across 3 firms
Top 1 AUM drops · $1.2B tracked across 1 firms
Top 3 by reported AUM · $1.2B entered · 7 of 16 new names had AUM
Top 3 by last reported AUM · $677.9M left · 4 of 4 exits had AUM