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Stocks•21 April 2026•

1 min read

Wealth Management Firms Add $1 Billion in Assets Through New Advisor Recruits

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Key Facts

1Osaic, Raymond James, and LPL Financial added nearly $1 billion in client assets through new advisor recruits.

2Osaic added Pointes North Wealth Management, which oversees $500 million in assets.

3Jeffrey and Madison Gore joined Raymond James with over $225 million in client assets.

Major financial services firms Osaic, Raymond James, and LPL Financial have collectively added nearly $1 billion in client assets through successful advisor recruitment. Osaic led the gains by securing Pointes North Wealth Management, a firm overseeing $500 million in assets. Meanwhile, Raymond James expanded its portfolio as Jeffrey and Madison Gore joined the firm with over $225 million in client assets. These strategic moves highlight the intensifying competition among independent broker-dealers to attract high-performing wealth management teams. The influx of new assets is expected to bolster the revenue potential and market positioning of the parent companies. While the scale is modest relative to total firm assets, it underscores a consistent trend of expansion within the wealth management sector.