Team moves are easy to overstate when every direct advisor change is treated the same way. The cleaner test is narrower: several advisors leaving the same origin firm from the same old branch address and landing at the same destination, with same-entity affiliate conversions stripped out before the clustering starts. On that office-level basis, the last 30 days were active but not chaotic.
There were 44 distinct firm-to-firm movers in the period, but only 24 had a clean single old-office address that could be used for high-confidence clustering. That tighter screen surfaced three office clusters with at least two movers and two clusters with three or more. In other words, the real RIA team moves were concentrated, not broad-based.
The cleanest same-day office conversion came from Commonwealth Financial Network to Raymond James Financial Services Advisors in Meridian, Mississippi. Three advisors moved on March 4 from 4917 Poplar Springs Drive, and the destination office address stayed effectively the same. That reads less like scattered recruiting and more like a full office-level transition.
Independent Advisor Alliance to CoreVision Financial Group was the most interesting small-destination case. Three advisors moved out of the same Knoxville office on March 5, and the destination currently shows only 11 advisors. That makes CoreVision a notable boutique landing spot, but not a confirmed new-firm launch. The destination does not show a recent SEC firm-insert signal in the current lookback.
The smaller follow-on signal came from Merrill Lynch to Voya Financial Advisors out of Lincoln, Rhode Island. Two advisors moved across March 3 and March 5 from the same old office, which is enough to keep on the watchlist but not enough yet to call a full team move.
The follow-on scenario is the one to keep watching. In this 30-day slice, none of the notable clusters stretched even seven days, let alone the two- to three-week pattern that would suggest a team continuing to fill in around an early breakaway move. For now, the signal is strongest when several advisors move together quickly from one office.
Methodology
Based on direct firm-to-firm advisor moves across completed individual snapshots from February 7, 2026 through March 8, 2026. Firms sharing the same current business name, headquarters city and state, and main phone number are treated as one entity so affiliate conversions do not count as team moves. A team-move cluster then requires the same origin firm, the same destination firm, and the same old branch street, city, state, and postal code when those old-address values are clean and non-conflicting on the move date. Destination launch checks use current destination advisor counts and recent SEC firm membership inserts.