Daily Advisor News

Daily net advisor flow fell -$71.5B on September 16, pulled down by sizable firm exits despite $1.8B in asset increases across reporting firms. CONFLUENCE FINANCIAL PARTNERS led headline gains with a $972.6M bump to reach $7.8B, while INTENTGEN FINANCIAL PARTNERS added $756.6M. Across the market, net advisor count increased by 28 alongside a net gain of 24 office locations.

Continuing advisors posted $1.8B in gains with zero reported losses across the board. CONFLUENCE FINANCIAL PARTNERS advanced 14.2% from $6.8B to $7.8B, and INTENTGEN FINANCIAL PARTNERS recorded a $756.6M advance to reach $756.6M. OPTIMIZED INVESTMENT PARTNERS, LLC lifted assets by $65M, or 9.9%, to end at $722M.

The negative headline net flow stemmed from $73.7B in departing assets across two firms. JOBS PEAK ADVISORS accounted for the bulk of the deregistrations with $73.6B in regulatory AUM, followed by MOSAIC CAPITAL INC. with $75M.

Thirteen new firms entered the registry, with three reporting assets totaling $313.4M. CS TOMASI WEALTH MANAGEMENT entered with $110.3M, WEALTH STRATEGIES GROUP arrived with $102.9M, and CARLO CAPITAL registered with $100.2M.