Advisor movement showed no signs of slowing down in March 2026. Across the month, AdvizorPro tracked more than 1,700 advisor transitions, reinforcing what has become a defining pattern in the wealth management industry: advisors are moving continuously, and the firms gaining or losing talent in any given month are telling a story worth paying close attention to. Whether you are recruiting, selling into the RIA and broker-dealer market, or tracking competitive dynamics, March offered a clear window into where momentum is building and where it is not.

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

Data as of April 2nd, 2026.

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Top Firms by Advisor Inflows March 2026

LPL Financial led all firms in raw advisor inflows in March 2026 with 101 advisors joining the platform, continuing its position as one of the most active destinations for advisors in transition. J.P. Morgan Securities came in second with 78 inflows, followed by Morgan Stanley with 46. Wells Fargo Clearing Services, RBC Capital Markets, and Charles Schwab rounded out the next tier, each pulling in between 22 and 29 advisors over the course of the month.

Top 10 Firms by Inflows 

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Top Firms by Advisor Outflows March 2026

J.P. Morgan Securities recorded the highest outflow count in March with 97 advisors departing, narrowly ahead of Merrill Lynch, Pierce, Fenner and Smith at 96. Morgan Stanley followed with 60 outflows, then Edward Jones at 44. LPL Financial and Fidelity Brokerage Services each recorded 42 outflows, placing them fifth and sixth.

Wells Fargo Clearing Services, Osaic Wealth, Northwestern Mutual Investment Services, and Ameriprise Financial Services rounded out the top ten for outflows, ranging from 25 to 35 advisors leaving over the month.

Top 10 Firms by Outflows 

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Net Inflow Leaders March 2026

When inflows and outflows are netted against each other, LPL Financial stood out by a significant margin with a net gain of 59 advisors, the result of 101 inflows against 42 outflows. Voya Financial Advisors and RBC Capital Markets tied for second with a net of plus 16 each. PNC Wealth Management posted a net gain of 13, while Raymond James Financial Services gained 12 advisors on a net basis, recording zero outflows for the month.

TIAA-CREF Individual and Institutional Services, Citizens Securities, and Choreo each posted a net gain of plus 10. Mariner Wealth came in at plus 9, as did Clearstead Advisory Solutions. The presence of firms like Choreo, Mariner Wealth, and Clearstead on this list reflects a broader pattern of advisors seeking out growth-oriented independent platforms.

Net Inflow Leaders 

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Net Outflow Leaders March 2026

Merrill Lynch posted the largest net outflow of any firm in March, losing a net 82 advisors after recording just 14 inflows against 96 outflows. Fidelity Brokerage Services followed with a net loss of 39, then Edward Jones at minus 33, and Northwestern Mutual Investment Services at minus 27. NYLife Securities recorded zero inflows against 24 outflows, resulting in a net of minus 24.

J.P. Morgan Securities, despite ranking second in raw inflows, ended the month at minus 22 on a net basis, a reflection of the unusually high two-way churn that characterized the firm in March. Equitable Advisors, Citigroup Global Markets, Morgan Stanley, and Commonwealth Financial Network also appeared among the top net outflow firms for the month.

Net Outflow Leaders 

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What March Advisor Moves Reveal

The March data reinforces a pattern that has defined 2026 so far. Large wirehouses and captive broker-dealer networks remain the primary sources of advisor departures, while independent platforms with more flexible business models continue to absorb that talent. The volume and consistency of this movement suggests it is now a structural feature of the industry, not a temporary cycle.

J.P. Morgan Securities and Morgan Stanley both appeared on the top inflow and outflow lists, a sign of high internal churn that often signals reorganization, competitive recruiting, or advisor dissatisfaction. For firms targeting these organizations, that kind of two-way movement can represent real opportunity if acted on at the right moment. Our RIA recruiting playbook covers how to identify and act on those signals.

The net inflow rankings also show where independent growth is concentrating. The appearance of firms like Choreo, Mariner Wealth, and Clearstead Advisory Solutions reflects the growing appeal of boutique platforms among advisors seeking more autonomy. For wealthtech firms, a growing headcount at these firms can signal readiness for new tools. Our post on filters wealthtechs use to find RIAs ready for new technology walks through how to turn that signal into a targeted list.

Advisor movement is not slowing down. The firms tracking it in real time will be better positioned to recruit, sell, and partner with the right organizations at the right time. Request a demo to see how AdvizorPro can help your team stay ahead of it.