Ali Hibbs

Mission Wealth has added two West Coast RIAs with almost $1.1 billion in combined assets, the California-based firm told AdvisorHub this week.

After more than a decade of frenzied dealmaking that shows no signs of abating, a small group of mega RIAs now control the majority of the channel’s assets, according to Boston consulting firm Cerulli Associates.

Morgan Stanley advisors with $300 million and $357 million, respectively, split for Rockefeller Global Family Office and Stifel Financial this week in North Carolina and Illinois.

The Beacon Coast team (L-R): David Jaspar, Michael Evans, Katherine Piersanti, Eddie Huang and Marcus Ferriera.

LPL Financial added a team of eight advisors who previously oversaw around $1.5 billion in assets, according to an announcement on Tuesday.

Dave Goettelmann (pictured) is replacing Sean George as head of advisor recruiting less than two years after the position was created.

Daniel Cole started a new role as a regional director in Raymond James’ independent contractor division on Monday.

Edward D. Jones & Co. has taken a minority stake in a fintech company that seeks to help prevent elder financial fraud, according to an announcement.

Equitable Advisors has appointed veteran executive David Goettelmann as its new head of advisor recruiting following the departure of Sean George, who left the firm in a mutual decision after joining in 2025. Goettelmann, who also serves as head of operations for Equitable's wealth management unit, will now oversee recruiting efforts as the firm emphasizes advisor hiring as a key growth strategy. The leadership change comes amid broader executive reshuffling across the independent broker-dealer industry, including firms like LPL Financial and Ameriprise, as competition for experienced advisors intensifies. The move also follows Equitable's recent acquisition of Stifel's independent brokerage business and comes as it prepares for a major merger with Corebridge Financial.

Dimple Shah (L) has left Osaic to join AI fintech startup Humanity Labs, founded by Andrei Pop (R).