Daily Advisor News

Daily advisor net flow dropped by -$6.5B on September 24, 2026, driven by multi-billion-dollar contractions and substantial firm exits. ARDEA INVESTMENT MANAGEMENT led the declines after shedding -$2.8B, while FORTITUDE FAMILY OFFICE posted the day's largest expansion with a $268.1M gain.

The day's steepest pullbacks were concentrated among large managers, headed by ARDEA INVESTMENT MANAGEMENT, which dropped -$2.8B (-44.9%) to finish at $3.5B. UG INVESTMENT ADVISERS LTD. contracted by -$1.2B (-24.9%) to $3.5B, while RANGE ADVISORY, LLC saw its assets slide -$271.6M (-16.4%) down to $1.4B.

On the upside, FORTITUDE FAMILY OFFICE topped the gainers list, advancing $268.1M (+26.8%) from $1B to $1.3B. HENRICKSON NAUTA WEALTH ADVISORS, INC. added $193.1M (+24%) to reach $998.5M, and ALTRUIST ADVISORS LLC expanded by $190M from zero.

Terminations and fresh filings also reshuffled industry totals, with $3.2B in dead AUM against $116M in new registrations. SAGE TRADING COLLECTIVE led departures with $1.2B in assets, followed by SACHETTA, LLC at $1B and MISAKI CAPITAL INC. at $512.1M, while KNECHT CAPITAL MANAGEMENT, LLC entered the registry with $116M.