Raymond James Financial Services Advisors recruited four advisors from Lincoln Investment in what appears to be a team lift-out, Fifth Third Securities gained two Edward Jones advisors, Wells Fargo shifted two more advisors to its FiNet independent channel, and PGIM rebranded its UK alternatives subsidiary across 35 total events ahead of the Martin Luther King Jr. Day holiday.
Raymond James Lifts Four-Advisor Team From Lincoln Investment
Raymond James Financial Services Advisors recruited four advisors from Lincoln Investment: Marty Hodge (CRD 7045282), Michael Croker (CRD 6358192), Christopher Haas (CRD 7496912), and Adam Andresen (CRD 7301043). The four simultaneous departures from Lincoln — a Philadelphia-based independent broker-dealer — represent a team lift-out rather than individual recruitments, suggesting the advisors practiced together and moved as a unit to Raymond James' independent channel.
Team lift-outs are among the most disruptive recruiting events for the departing firm, as they remove not just individual production but an entire client relationship network in a single action.
Fifth Third Securities Gains Two Edward Jones Advisors
Fifth Third Securities recruited Robert Wisneski (CRD 4174107) and Jonas Reid (CRD 6104500) from Edward Jones — a notable move from the nation's largest branch-network broker-dealer to a regional bank-affiliated securities firm. The two departures from Edward Jones to a Cincinnati-based banking platform suggest advisors seeking the support and product shelf of a regional bank wealth management operation.
Wells Fargo Continues FiNet Migration
Wells Fargo moved two more advisors — Robert Bacon (CRD 6848843) and Adam Pace (CRD 2275603) — from Clearing Services to Financial Network, extending the internal wirehouse-to-independent migration pattern that produced four moves on January 16. The cumulative six-advisor FiNet shift in two days signals an accelerating internal pipeline.
Additional Advisor Moves
Bryan Blackburn (CRD 5797386) moved from Carnegie Investment Counsel to Sanctuary Advisors — a growing hybrid RIA platform. William Lloyd (CRD 1995407) left Spire Wealth Management for Alexander Capital Wealth Management. McNally Financial Services lost an advisor to Saxon Financial Group. The day's 11 total advisor moves set the January single-day record, driven by the Raymond James team lift-out.
PGIM Rebrands UK Alternatives Subsidiary
PGIM Private Alternatives (UK) Limited changed its name to PGIM Fund Management Limited — a rebranding of Prudential Financial's London-based alternatives arm that broadens the entity's name from a private alternatives focus to a general fund management identity. The change suggests PGIM may be expanding the subsidiary's mandate beyond private alternatives to include a wider range of fund management activities.
Swiss-based Belvoir Wealth Management AG became Margna Peak Advisors AG, and Saltoro Capital became AMS Children's Fund — an unusual transformation from a capital management entity to a fund with a children's focus. MorganRosel Wealth Management dropped the "Morgan" to become Rosel Wealth Management in Highlands Ranch, Colorado.
12 New Firms, Seven Closures
Twelve new advisory firms registered — seven immediately and five entering the 120-day process — while seven firms closed, producing a net gain of five. Notably, ThirtyOne Wealth in Pensacola, which entered the 120-day process just 11 days ago on January 6, deregistered — one of the fastest registration-to-closure turnarounds in the Terminal's tracking period.
Pre-Holiday Positioning
The day's 35 events were dominated by the 11 advisor moves and 12 new firm registrations as the industry completed its pre-holiday activity ahead of the Martin Luther King Jr. Day closure on Monday, January 19. No enforcement, banking, or regulatory announcement activity was recorded.
All data sourced from FINRA BrokerCheck, SEC EDGAR, and the Finleet Terminal as of January 17, 2026. Entity profiles are available at terminal.finleet.com.