Group 1 - Wells Fargo Advisors Financial Network has recruited a UBS team managing over $1.7 billion in client assets [1][2] - The eight-advisor team, Snow Pine Private Wealth, focuses on families, entrepreneurs, and first-generation wealth builders [2] - The team is led by Derek Cherne, who has 27 years of experience at UBS, and includes six other advisors [3] Group 2 - This recruitment follows Wells Fargo's significant win in December 2025, where it attracted a UBS team managing $6.3 billion [4] - Earlier in the year, Wells Fargo's FiNet division recruited two Citigroup advisors overseeing $1.2 billion in assets [5] - UBS has been losing advisors, ranking third in advisor attrition, with Bank of America and Osaic leading in losses [6] Group 3 - UBS lost a $1.3 billion team to the RIA sector, with assistance from Elevation Point [7] - UBS executives expect advisor attrition due to compensation changes but anticipate stabilization in the second half of 2026 [8]

Core Insights - &Partners, a hybrid broker/dealer founded by David Kowach, has successfully recruited two advisor teams in a short span, adding a total of $250 million in pre-hire assets under management [1][2][3] Group 1: Recent Recruitment - Four Lights Advisors, based in Leesville, S.C., has joined &Partners with approximately $125 million in pre-hire assets, led by Heyward Barnes and Trey Bruner, who previously worked at Ameriprise Financial [2] - La Belle Vue Wealth Management, located in Oconomowoc, Wis., has also moved to &Partners, contributing another $125 million in pre-hire assets, led by Brian J. Konop, after leaving Wells Fargo Advisors Financial Network [3] Group 2: Company Growth and Performance - Since its inception in 2023, &Partners has successfully recruited over 105 advisor practices, amassing around $51 billion in pre-hire assets and generating $365 million in revenue by 2025 [4][6] - The company has seen a remarkable revenue growth of 179% year-over-year, with assets under management doubling since the end of 2024 [6]