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News / 2026-08-22

Daily Advisor News

August 22, 2026

Big movers, new names, and firm exits

Day brief

Total net flow across the advisory landscape finished at -$30B on August 22, 2026, weighed down by deregistrations despite strong expansion among continuing filers. Columbia Capital and Simplify Asset Management Inc. led headline movers, adding $4.7B and $4.4B respectively. Continuing advisers posted $9.1B in net gains, with 6 advancing firms against just 1 decliner.

Columbia Capital led all advancers by adding $4.7B (+52%) to reach $13.8B in regulatory AUM, while Simplify Asset Management Inc. gained $4.4B (+45.8%) to reach $14.1B. Southpaw CP Manager LP added $138.9M to reach $138.9M. The sole loser of the day was Las Olas Capital Advisors, LLC, which dropped by -$284.7M (-51.6%) from $551.9M to $267.2M.

A total of 18 newly registered firms brought in $6.8B in AUM, topped by Covalis (Gibraltar) Limited with $4.8B, Pearson Financial Services with $885M, and Canyon ABF Manager LLC with $300M. Exits removed $46B across 8 deregistrations, driven by Cantillon Capital Management LLC at $22.8B and Cantillon Capital Management LLP at $22.8B, alongside Holistic Financial Partners, LLC at $444.6M.

AUM net flow

+$9.4B Gained 6 firms
$284.7M Lost 1 firms
$6.8B New firms 10 with AUM
$46B Exits 4 with AUM
-$30B Net flow Day total

Also tracked: advisors +38 · locations +11

Big Winners

Top 3 AUM gains · $9.4B tracked across 6 firms

Big Losers

Top 1 AUM drops · $284.7M tracked across 1 firms

Hot & New

Top 3 by reported AUM · $6.8B entered · 10 of 18 new names had AUM

Exits

Top 3 by last reported AUM · $46B left · 4 of 8 exits had AUM