Advisor movement across wealth management channels continued at a brisk pace, with three notable transactions involving LPL Financial, UBS Wealth Management, and Osaic. The moves underscore the ongoing competition for top talent among independent broker-dealers, wirehouses, and hybrid platforms.
Genesis Wealth Adds $725M JPMorgan Veteran
Alan Feutz, a 26-year industry veteran who previously oversaw $725 million in client assets at JPMorgan Securities, has joined Genesis Wealth as partner and wealth advisor. Genesis Wealth is a non-OSJ branch office affiliated with LPL Financial. Feutz, based in Deerfield, Illinois, focuses on high-net-worth and ultra-high-net-worth households and will anchor the firm's newly opened North Shore office—a roughly 10,000-square-foot space designed to accommodate more than 20 advisors and staff.
Founded in January 2024 and operating under the Genesis Wealth brand since July last year, the platform now supports advisors collectively overseeing more than $3 billion in assets. The North Shore office also houses founding advisor Joel Feiger and managing director Jack Kennedy. "The advisors joining Genesis Wealth are looking for more than independence—they want a platform that empowers them to deliver customized advice while being surrounded by partners who share the same client-first mindset," said Kennedy. This past January, the Chicago-based firm lured another JPMorgan pair who reportedly managed a combined $650 million.
UBS Expands Southeast Presence with $2B+ in Hires
UBS Wealth Management made a series of hires across its Southeast Region, landing defectors from rival wirehouses and brokerages who collectively manage more than $2 billion in assets. In Nashville, Colby Robbins and Brock Hooper arrived from Merrill Lynch Wealth Management, where they had spent more than a decade serving ultra-high-net-worth families; they manage $344 million. In Washington, Sheldon Ray and Asif Bhally came over from Raymond James with more than 30 years of combined experience and $187 million under management, while Matt Teems joined from Morgan Stanley, bringing $149 million and a 20-year record of working with Washington's nonprofit community.
The most substantial individual hire landed in Philadelphia as Adam Conish came in from Glenmede, where he had spent two decades in roles including director of endowment and foundation management and portfolio manager; Conish oversees approximately $1.2 billion in assets. In Fort Lauderdale, Evan McGrath, an experienced advisor formerly with J.P. Morgan Wealth Management, added $120 million to the firm's Florida footprint. "These cities have seen a significant influx of ultra-high net worth and high net worth individuals in recent years," said Julie Fox, regional director of UBS's Southeast Region.
Osaic Attracts $300M Family Practice from Wells Fargo FiNet
Signature Private Wealth Management, a family-led advisory team based in Waterloo, Iowa, has joined Osaic from Wells Fargo Advisors Financial Network, bringing more than $300 million in client assets. The team includes Bob Mundell, Isaiah Mundell, Erica Johnson, Tyler Johnson, and operations manager Jocelyn Green. They cited open architecture, succession planning resources, and flexibility as primary drivers of the move. Osaic, one of the largest wealth management platforms in the country, has been an active destination for breakaway teams looking to maintain control over client relationships while accessing the scale of a larger network. "Choosing Osaic was about finding the right long-term home for our firm, our family and the families we serve," said Bob Mundell, founder of Signature PW.
These moves reflect broader trends in the wealth management industry, where advisors increasingly seek platforms that offer both independence and robust support. For more on similar moves, see Carson Adds $1.1B Florida Team from Osaic; Cresset Hires JPMorgan Veteran; Sanctuary Aids Merrill Breakaway and Cresset Hires Bessemer Trust Veteran Mark Tremblay to Lead Family Office Services Amid Talent Push.
