14 teams, $45B in AUM: Top recruits of 2019
It’s been an extraordinary year for mega recruiting moves.
First Republic lost a cohort of advisors managing $17 billion — breakaways that formed two new RIAs. While it was certainly the biggest this year and one of the largest ever, it wasn’t the only one.
Morgan Stanley and Goldman Sachs each lost teams overseeing approximately $6 billion in client assets, with one going independent and the other to a wirehouse. Meanwhile, Raymond James and Stifel both picked billion-dollar teams from their larger rivals.
Scroll down to read more about where these and other teams moved.