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News / 2026-10-20

Daily Advisor News

October 20, 2026

Big movers, new names, and firm exits

Day brief

The advisor market recorded $683.9M in net flow on October 20, 2026, buoyed by $1B in gains and zero reported asset losses. FUNDSMITH PARTNERS US LLC set the pace for the day, expanding by $586.8M to hit the $1B mark. ELLIS WEALTH ADVISORS, LLC followed with a $155M gain as top movers drove the day's positive movement.

FUNDSMITH PARTNERS US LLC paced all gainers, surging 134.8% from $435.3M to reach $1B on its $586.8M advance. ELLIS WEALTH ADVISORS, LLC added $155M from a prior base of $0, while ASA ASSET MANAGEMENT LLC climbed 245.7%, adding $117M to finish at $164.6M up from $47.6M.

With no existing firms recording asset losses, outflows were confined to deregistrations totaling $456.7M across two reporting entities. CANNON WEALTH MANAGEMENT SERVICES exited with $245.2M in regulatory AUM, and SILVER LAKE CAPITAL PARTNERS withdrew with $211.5M. Offsetting those exits, newcomer BRAVE NEW WEALTH joined the roster with $130.7M in regulatory AUM.

AUM net flow

+$1B Gained 6 firms
$0 Lost 0 firms
$130.7M New firms 1 with AUM
$456.7M Exits 2 with AUM
+$683.9M Net flow Day total

Also tracked: advisors -3 · locations +11

Big Winners

Top 3 AUM gains · $1B tracked across 6 firms

Big Losers

Top 0 AUM drops · $0 tracked across 0 firms

No large AUM drops cleared the bar today.

Hot & New

Top 1 by reported AUM · $130.7M entered · 1 of 11 new names had AUM

Exits

Top 2 by last reported AUM · $456.7M left · 2 of 4 exits had AUM