Advisor Workforce and Firm Movement in 2026: Commonwealth, Osaic, Women Advisors and August RIA M&A

AdvizorPro's data was featured in September 2026 by Financial Advisor magazine, American Banker, InvestmentNews and Wealth Solutions Report in coverage of advisor movement, workforce makeup and RIA M&A. For the latest monthly figures, see AdvizorPro's Advisor Moves report.

Where Commonwealth Advisors Went

Financial Advisor magazine reported that data by AdvizorPro shows that in 2025, 80% of the Commonwealth advisors who moved now call one of seven firms home: Raymond James, Kestra Financial, Cambridge Investment Research, Cetera, Ameriprise, Osaic and &Partners. For more on the deal, see AdvizorPro's advisor and RIA movement in 2026 post.

Osaic Departures

American Banker, in an article also published by Financial Planning, reported that the number of advisors and other registered representatives who left Osaic rose 73% from 2021 to 2025, when its Journey to One integration ended. According to registration data compiled by AdvizorPro, 1,153 registered representatives left Osaic in 2025. LPL Financial was the biggest destination, picking up 322 former Osaic reps in 2025 and 652 in 2024. The article noted that the counts may include some non-advisory staff despite AdvizorPro's filter.

Women Advisors by Channel

InvestmentNews cited AdvizorPro research released earlier in 2026 showing that women make up 26% of practicing financial advisors. By channel, female representation is approximately 31% at broker-dealers, 30.6% at wirehouses, approximately 25% among hybrid advisors, and roughly 18% to 20% at RIAs. The article also covered the Women Advisor Summit on November 5 in New York City, with Prudential Wealth Advisors as headline event partner. For more, see AdvizorPro's look at women advisors.

August RIA M&A

Wealth Solutions Report published the monthly RIA M&A trends for August by Hesom Parhizkar, AdvizorPro's co-founder and chief product officer. It reported 28 acquired firms representing about $21.1 billion in acquired-firm AUM, with 90 financial professionals affected across 16 states. Of the 28 firms, 24 had four or fewer reps (median of two) and 20 managed under $500 million, with median reported AUM of about $382 million. The six largest deals totaled about $14.5 billion, or about 69% of the month's reported AUM. Follow the monthly series in AdvizorPro's RIA M&A report.

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.

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