Financial Advisors Moved Practices in October

Investors should review their service team after advisors shift firms to access new resources.

Updated on Oct. 7, 2026 in Financial Planning

Financial Advisors Moved Practices in October

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Do you trust that your financial advisor's firm change will result in better service for you?

Financial advisor teams moved across multiple firms in October 2026, including transitions to Osaic, Cetera, and Raymond James. These changes involve advisors managing hundreds of millions in client assets.

Why it matters

Advisors often change firms to access better technology or home office support, shifts that can impact the tools and investment resources available to their clients. Understanding these moves helps households evaluate if their current advisor's platform still aligns with their financial planning needs.

Advisor Biggs manages $245 million in client assets, while the Dirigo Wealth Management team oversees $170 million. These transitions follow long tenures, with some advisors previously spending up to 24 years at their prior firms.

The players

Osaic

A wealth management firm based in Scottsdale, Arizona, that provides technology and planning resources to independent financial advisors.

Cetera

A national financial services network that recruits independent advisors to provide wealth management and investment planning services.

Raymond James

A financial services firm that supports independent advisor practices through its home office and administrative infrastructure.

Commonwealth

A financial services firm that recently engaged in a sale to LPL, prompting some advisors to transition their practices.

Dirigo Wealth Management

An Oakland, Maine-based advisor practice managing $170 million in client assets.

The details

Advisors move firms to access different technology stacks and planning resources, which can change how they deliver financial advice. When an advisor changes firms, they must transfer client accounts to a new custodian, a process that requires client authorization and can temporarily alter access to digital portals. These moves are driven by the advisor's desire for independence or specific support services offered by larger networks.

October 2026 marks when Biggs joined Osaic.
October 7, 2026, was the official announcement of the advisor moves.

Money Landscape

The advisory industry is currently seeing a surge in moves as professionals consolidate under large networks to gain better scale. This trend reflects a broader shift toward independent models that prioritize centralized technology and firm-wide support resources.

If your advisor has moved firms, review your new account agreements for changes in fees or service offerings. Discuss any concerns about potential disruption to your financial plan directly with your professional.

The takeaway

Firm transitions can lead to changes in the technology or planning services your advisor provides. If your team makes a move, check your mail or email for transition paperwork and confirm your account transfer status with a qualified financial professional.