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Day brief
Net flow dropped to -$1B on October 17, 2026, driven by $1.7B in regulatory assets from exiting managers despite $509.5M in additions across expanding firms. SWBC INVESTMENT COMPANY set the pace among gainers, more than doubling its book with a $338.5M surge to reach $594.4M.
Growth was concentrated across four advancing firms, with zero managers reporting net asset drops for the day. Alongside SWBC INVESTMENT COMPANY's jump from $256M, JAMES T. BORELLO & CO. climbed $107.8M (+21%) to $621.9M, while PROALTUS USA added $40.8M (+6.7%) to finish at $645.7M.
Terminations accounted for the day's heavy net contraction, with three exiting firms shedding $1.7B in combined regulatory AUM. SHAH CAPITAL MANAGEMENT led departures at $768M, followed by ANTARA CAPITAL LP with $537.4M and MUSIC ROW WEALTH MANAGEMENT with $431.7M. Offsetting a fraction of those exits were 14 newly registered entities, led by NEW PARADIGM CAPITAL MANAGEMENT, LLC at $166.6M and SIGNALRANK AI CORP at $30.9M.
Also tracked: advisors +8 · locations +18
Top 3 AUM gains · $509.5M tracked across 4 firms
Top 0 AUM drops · $0 tracked across 0 firms
No large AUM drops cleared the bar today.
Top 2 by reported AUM · $197.5M entered · 2 of 14 new names had AUM
Top 3 by last reported AUM · $1.7B left · 3 of 4 exits had AUM