News / 2026-09-09

Daily Advisor News

September 9, 2026

Big movers, new names, and firm exits

Day brief

Daily net flow surged by $22.6B on September 9, 2026, driven by substantial new registrations alongside $628.8M in net expansion among continuing advisers. Existing firms added $663.7M against just $35M in reported contractions.

Unified Retirement Planning Group led the day's gainers, adding $197M to reach $197M in regulatory AUM. Blackstone Real Estate Special Situations Advisors L.L.C. followed closely with a $195.9M increase to hit $70B, while Pacific Capital posted a $152M gain, up 22.7% to $820.6M.

On the downside, KWK Management LLC represented the primary contraction, shedding $35M, or 13.3%, to close at $227.6M.

Newly reporting entities brought in $22B across two advisers with assets, led by Kare Manager Holdings, L.P. at $19.8B and Willow Run Advisors at $2.2B. Departures subtracted $70M, accounted for by EFS Asset Management LLC.

AUM net flow

+$663.7M Gained 6 firms

$35M Lost 1 firms

$22B New firms 2 with AUM

$70M Exits 1 with AUM

+$22.6B Net flow Day total

Also tracked: advisors +93 · locations +6

Big Winners

Top 3 AUM gains · $663.7M tracked across 6 firms

UNIFIED RETIREMENT PLANNING GROUP +$197M AUM $0 → $197M Advisors 1 → 1 Locations 1 → 1 BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C. +$195.9M +0.3% AUM $69.8B → $70B Advisors 134 → 134 Locations 7 → 7 PACIFIC CAPITAL +$152M +22.7% AUM $668.6M → $820.6M Advisors 6 → 6 Locations 2 → 2

Big Losers

Top 1 AUM drops · $35M tracked across 1 firms

KWK MANAGEMENT LLC −$35M -13.3% AUM $262.5M → $227.6M Advisors 4 → 4 Locations 1 → 1

Hot & New

Top 2 by reported AUM · $22B entered · 2 of 5 new names had AUM

KARE MANAGER HOLDINGS, L.P. $19.8B AUM $19.8B Advisors 85 Locations 4

WILLOW RUN ADVISORS $2.2B AUM $2.2B Advisors 5 Locations 1

Exits

Top 1 by last reported AUM · $70M left · 1 of 4 exits had AUM

EFS ASSET MANAGEMENT LLC $70M Exit AUM $70M Advisors 1 Locations 1