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Day brief
Adviser regulatory assets recorded a net flow increase of $3.4B across 114 filings, powered by $1.1B in existing firm gains and $2.9B across newly registered practices. Growth remained entirely one-sided with zero reported firm asset declines, while adviser ranks expanded by a net 65 professionals across 24 new office locations.
ELYXIUM WEALTH LLC posted the largest asset expansion, adding $570.3M (+69.6%) to lift regulatory AUM from $819M to $1.4B. SILVER BIRCH FINANCIAL LLC added $399.5M after previously reporting zero, and SATOR GROVE MANAGEMENT COMPANY, LLC grew by $149M (+16.5%) to reach $1.1B.
New registrations contributed $2.9B in total regulatory AUM across 20 new firms, led by WEST RIM II UGP, LLC at $1.8B, CRUX CAPITAL LTD at $427.6M, and PELICAN CAPITAL MANAGEMENT LLC at $347.8M. Departures were led by OAKUM BAY CAPITAL, LLC ($374M) and DIAMOND WEALTH MANAGEMENT, LLC ($212M), accounting for the entirety of the $586M in exiting AUM.
Also tracked: advisors +65 · locations +24
Top 3 AUM gains · $1.1B tracked across 3 firms
Top 0 AUM drops · $0 tracked across 0 firms
No large AUM drops cleared the bar today.
Top 3 by reported AUM · $2.9B entered · 7 of 20 new names had AUM
Top 2 by last reported AUM · $586M left · 2 of 3 exits had AUM