Forty-seven investment advisors changed firm affiliations — the largest single-day movement of March and potentially the highest of 2026 to date — while Vanguard Marketing Corporation restructured its board leadership and Nasdaq Capital Markets Advisory hired a co-CEO across 116 events tracked on Friday.
Record Advisor Mobility Day
The 47 advisor moves shattered the previous March high of 31 set on March 9. The volume represents a significant pulse of recruiting activity that will generate hundreds of downstream regulatory filings as departing and destination firms process Form U5 and U4 paperwork.
The RIA vertical dominated the day with 73 of 116 total events, underscoring the advisory channel's central role in the advisor mobility ecosystem. When advisors move, client assets often follow — making days like March 14 consequential for both the firms losing producers and those gaining them. The cumulative March advisor movement now exceeds 200 individual transitions, putting the month on pace for one of the busiest in recent memory.
Vanguard Marketing Corporation Restructures
Vanguard Marketing Corporation in Malvern, Pennsylvania — the broker-dealer arm of Vanguard Group — filed a leadership restructuring. Joanna Michelle Rotenberg joined as Director and Senior Vice President, while Chairman, President, Director, and CEO Andrew Michael Kadjeski relinquished the Chairman title while retaining his positions as President, Director, and CEO.
Changes at Vanguard's broker-dealer subsidiary are closely watched given Vanguard's scale as the world's second-largest asset manager. The addition of a new senior director and the separation of the Chairman and CEO titles suggests a governance maturation as the firm continues to evolve under post-pandemic leadership.
Nasdaq Capital Markets Advisory Adds Co-CEO
Nasdaq Capital Markets Advisory LLC hired Jillian Nicole Delsignore as Co-Chief Executive Officer. The creation of a co-CEO structure at the Nasdaq-affiliated advisory firm signals that the business is expanding in a direction that warrants shared executive leadership — a model that has become more common in financial services as firms navigate increasingly complex business environments.
Coinbase Capital Markets Loses FINOP
Coinbase Capital Markets Corp in New York recorded the departure of Financial Operations Principal Christine Marie Plummer. The FINOP is one of the most critical registered positions at a broker-dealer, responsible for the firm's net capital calculations, financial reporting, and regulatory filings. A FINOP departure at a crypto-focused broker-dealer like Coinbase Capital Markets will require a prompt replacement filing to maintain compliance.
Northland Securities Refreshes Board
Northland Securities Inc. in Minneapolis filed a board refresh with two directors departing — David E. Cota and Stephen Curtis Wade — and two new directors joining: Scott David Carrithers and Christopher Robert Ruggiero. A complete two-for-two board swap at a regional investment bank like Northland often signals a generational transition in governance.
EquaPath Capital Separates Roles
EquaPath Capital LLC in Doral, Florida, hired William Haywood Crapps Jr. as FINOP/PFO/POO while CEO Robert David Rubin shed the FINOP and related financial operations titles to focus on the CEO/President/CCO functions. This is the latest example of the role-separation trend playing out across smaller broker-dealers as their operations grow more complex.
16 RIA Graduations — Month's Highest
Sixteen advisory firms completed their SEC registration, setting a new single-day record for March. Three firms failed the 120-day process, the highest single-day failure count this month — suggesting that the SEC may be applying closer scrutiny to the growing volume of new registrations.
Across the Wire
The day also saw seven disclosure events in the RIA vertical, 13 broker-dealer personnel changes, eight executive hires and seven departures, five registration changes, and three BD disclosure changes. The day was notably quiet on the regulatory front with no FINRA enforcement actions, no Federal Reserve announcements, and no OCC activity.
All data sourced from FINRA BrokerCheck, SEC Form ADV, and the Finleet Terminal as of March 14, 2026. Entity profiles are available at terminal.finleet.com.