Advisor movement surged in June 2026. AdvizorPro tracked 2,463 advisor moves for the month, its highest single-month volume of the year, with LPL Financial alone recording 204 inflows, a figure that stands out even by LPL's historically active recruiting standards. Across the industry, the same structural patterns that defined the first half of 2026 continued: large wirehouses and captive networks losing advisors at scale, while independent and growth-oriented platforms absorbed the bulk of that movement.

This report breaks down the top firms by advisor inflows, outflows, and net movement for June 2026, powered by AdvizorPro real-time tracking data. If you missed last month's report, you can catch up on the Advisor Moves May 2026 data to see how trends have shifted.

Who Is Gaining Advisors and Who Is Losing Them

June was a month of extremes. The firms at the top of the inflows list recorded their highest numbers of the year, while several firms on the outflows list posted departures that significantly outpaced what they brought in. Merrill Lynch, Pierce, Fenner and Smith recorded 134 outflows against 73 inflows, a net loss of 61 advisors that placed it second on the net outflow list despite ranking fourth in raw hiring. Fidelity Brokerage Services, which had no corresponding inflow presence, led all firms in net outflows at minus 70.

On the other side of the ledger, Insigneo Advisory Services made one of the more notable appearances of any month this year, recording 37 inflows against zero outflows for a net gain of plus 37. That kind of concentrated net positive movement at a boutique international wealth management firm reflects a deliberate recruiting push that is worth watching closely.

Top Firms by Advisor Inflows June 2026

LPL Financial led all firms by a wide margin with 204 inflows in June, its highest single-month total tracked this year and nearly double its May figure. J.P. Morgan Securities came in second with 117 inflows, followed by Wells Fargo Clearing Services with 74 and Merrill Lynch, Pierce, Fenner and Smith with 73.

Morgan Stanley ranked fifth with 61 inflows, followed by Charles Schwab and Co. at 46 and Cetera Investment Advisers at 41. Ameriprise Financial Services recorded 38 inflows, Insigneo Advisory Services 37, and Raymond James and Associates rounded out the top ten with 32.

A closer look at where LPL's inflows are coming from organic recruiting base rather than a single acquired book landing all at once. Advisors joined LPL from Edward Jones, Cetera Investment Advisers, Wells Fargo, Morgan Stanley, J.P. Morgan, Raymond James, Merrill Lynch, and Ameriprise, spread across dozens of individual moves rather than concentrated in one or two firms.

 There is one M&A thread worth flagging: a handful of June moves came from Mariner Advisor Network and Private Advisor Group, tied to LPL's April 2026 acquisition of Mariner Advisor Network's 367 advisors and $31 billion in assets, including one cluster of seven advisors moving within a 30-day window. 

Notably, Commonwealth Financial Network, which LPL acquired in a $2.7 billion deal, shows zero moves into LPL Financial in June despite Commonwealth posting 40 total departures that month to other firms. Onboarding of Commonwealth's roughly 3,000 advisors to LPL's platform isn't expected to complete until Q4 2026, so that wave has yet to show up in the numbers, and when it does, it will likely dwarf June's total.

Top Firms by Advisor Outflows June 2026

Merrill Lynch, Pierce, Fenner and Smith led all firms in raw outflows in June with 134 advisors departing, the highest single-firm outflow count tracked this year. LPL Financial followed with 127, and J.P. Morgan Securities recorded 122. The appearance of LPL at number two in outflows while leading in inflows underscores the sheer volume of movement running through the platform and reflects the high churn that comes with being the industry's largest independent broker-dealer.

Morgan Stanley posted 91 outflows, Wells Fargo Clearing Services 83, and Fidelity Brokerage Services 82. Charles Schwab and Co. recorded 64 outflows, Edward Jones 63, and Strategic Advisers and UBS Financial Services each posted 51.

Net Inflow Leaders June 2026

LPL Financial topped the net inflow rankings with a gain of plus 77, the result of 204 inflows against 127 outflows. Insigneo Advisory Services came in second at plus 37, recording zero outflows for the month. Corient posted a net gain of plus 21 against zero outflows, and Empower Advisory Group came in at plus 20.

TD Private Client Wealth followed at plus 19, and Empower Financial Services, Cetera Investment Services, and Wealth Enhancement Advisory Services each posted net gains of plus 18. Raymond James and Associates came in at plus 17, and Cambridge Investment Research rounded out the top ten at plus 15. The dual appearance of Empower entities and the strong showing from Insigneo and Corient points to continued momentum among mid-sized and growth-focused independent platforms. For a deeper look at which firms are building sustainable headcount, see our post on where RIAs are actually growing.

Net Outflow Leaders June 2026

Fidelity Brokerage Services posted the largest net outflow in June at minus 70, recording just 12 inflows against 82 outflows. Merrill Lynch followed at minus 61, its second consecutive month near the top of this list. Strategic Advisers came in at minus 46, Equitable Advisors at minus 42, and Commonwealth Financial Network at minus 41.

VectorGlobal IAG recorded zero inflows against 40 outflows for a net of minus 40, an unusual profile that may reflect a specific structural change at the firm. Edward Jones posted a net loss of minus 36, Morgan Stanley minus 30, NYLife Securities minus 29, and UBS Financial Services minus 28.

What June Advisor Moves Reveal

June reinforced what has now been a consistent pattern across the first half of 2026: the advisor population is moving at historically elevated rates and the direction of that movement has been remarkably stable. Large wirehouses and captive broker-dealer networks are the primary sources of departures, while independent and growth-oriented platforms continue to absorb the bulk of incoming talent.

LPL Financial's 204-inflow month is a number worth sitting with, and the data behind it tells a more interesting story than a single acquisition. AdvizorPro's M&A tracking shows no RIA acquisition activity tied to LPL in May or June, and the firms feeding LPL's June inflows span the industry rather than concentrating in one source. That points to a platform that has built the infrastructure, flexibility, and advisor value proposition to win recruiting battles at scale on an ongoing basis, a theme we cover in depth in our RIA recruiting playbook. 

The one exception is a small but real M&A signal from the Mariner Advisor Network deal, and a much larger one is still on the horizon: Commonwealth's roughly 3,000 advisors have not yet appeared in LPL's inflow numbers, with onboarding expected to complete in Q4 2026.

The Insigneo story is also worth tracking. Thirty-seven inflows, zero outflows, net plus 37. That kind of one-sided movement at a boutique international wealth management firm does not happen by accident, and it is the type of signal that competitive intelligence teams should be acting on quickly. 

For wealthtech firms trying to identify growing platforms with expanding advisor headcount and a potential appetite for new tools, this list is the place to start. Our post on filters wealthtechs use to find RIAs ready for new technology walks through how to turn that signal into a targeted prospect list.

About AdvizorPro

AdvizorPro is the advisor intelligence platform built for asset managers, ETF issuers, wealthtechs, and distribution teams that need to identify, prioritize, and engage financial advisors. With verified data across 750,000+ RIAs, family offices, and broker-dealers, combined with AI-powered lead scoring, TrafficIQ visitor intelligence, native CRM integrations, and now direct connectivity to Claude and ChatGPT, AdvizorPro powers the go-to-market strategies of leading firms across the wealth management ecosystem.

Ready to accelerate your advisor distribution strategy? Book a quick demo

‍