Dozens of advisors have already left First Republic for other firms, even though the bank says it has retained 90% of its wealth management assets.

At the Morningstar Investment Conference on Tuesday, the NYU professor said legislators and regulators should take responsibility for the ills that ESG investors seek to remedy.

Advisor Group will merge its eight broker/dealers onto one platform, under a new name, in an effort to reduce complexity, streamline around business channels, and unlock the benefits of its size and scale.

Seven Mile Advisory, based in New York City, has left Mariner Platform Solutions for tru Independence.

Cantella recently shuttered its 65-year-old broker/dealer; its 105 advisors, and some $5 billion in assets, have moved to Cambridge.

Brian Addington and Theresa Allen will join California-based branches, and are the latest advisors to depart First Republic after the banking turmoil earlier this year.

UBS took in $28 billion in new money from rich clients during Q1.

Despite some high-profile departures, the bank says the exiting teams accounted for less than 20% of total wealth management assets.