{
 "schema_version": "study-1",
 "study": {
  "id": "study-advisor-movement-october-2026",
  "title": "Advisor movement in the 12 months to October 2026",
  "url": "https://www.continuumsearchgroup.com/market-intelligence/study-advisor-movement-october-2026",
  "published": "2026-10-27",
  "data_as_of": "2026-10-20",
  "window": {
   "start": "2025-10-21",
   "end": "2026-10-20"
  },
  "prior_window": {
   "start": "2024-10-21",
   "end": "2025-10-20"
  },
  "headcount_date": "2025-10-21",
  "drift_snapshot": "2026-06-17",
  "view": "competitive",
  "flat_pct": 5,
  "large_firm": 10000,
  "mid_firm": 1000,
  "lpl_announced": "2025-03-31",
  "gap_days": 180
 },
 "sources": {
  "feed": "IA_INDVL_Feed_10_21_2026.xml.zip",
  "classification_version": "2026-10-07-r2",
  "corporate_events_sha256": "f6e1460ea23ac5217ae623cb232f27e0a2cc66f7048c17c8c8f2845d7a51b8fe",
  "firm_lookup_sha256": "751bae62532ebc00ad4c0267dbadebdb8ff9064a2d2a2971290a4f52fbc6c460",
  "drift_history_sha256": "e608db1a197fa6b6c76c9187486a1f3d961e5567a15b702051d304baf4ad6531",
  "corporate_events": 22
 },
 "cluster_rule": {
  "id": "registration-cluster-v1",
  "definition": "three or more advisors who left the same firm for the same destination firm, in the same state, each arriving within three days of the one before",
  "gap_days": 3,
  "min_size": 3,
  "permutations": 1000,
  "min_ratio": 2.0,
  "max_p_pct": 5,
  "min_departures": 20
 },
 "figures": {
  "market_moves": {
   "value": 22816,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive moves: one count per person, at their latest move, excluding moves within a firm family and confirmed corporate events."
  },
  "market_moves_prior": {
   "value": 21117,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The same count for the prior 12 months, rebuilt from the same records."
  },
  "market_change": {
   "value": {
    "current": 22816,
    "prior": 21117,
    "measured_loss_pct": 1.16,
    "loss_used_pct": 1.16,
    "prior_factor": 1.0336,
    "low_pct": 4.53,
    "high_pct": 8.05,
    "about_flat": false
   },
   "unit": "percent range",
   "window": "both",
   "definition": "Change in competitive moves on the year before."
  },
  "events_excluded": {
   "value": 1052,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Moves removed as confirmed corporate events."
  },
  "events_excluded_prior": {
   "value": 2757,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The same, prior 12 months."
  },
  "prudential_lpl_prior": {
   "value": 2128,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "Prudential Advisors to LPL Financial platform conversion."
  },
  "merrill_departures": {
   "value": 1417,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive departures from Merrill Lynch."
  },
  "merrill_arrivals": {
   "value": 522,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive arrivals at Merrill Lynch."
  },
  "merrill_net": {
   "value": -895,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Arrivals minus departures."
  },
  "merrill_top3_share_pct": {
   "value": 41.3,
   "unit": "percent",
   "window": "study",
   "definition": "Share of Merrill Lynch departures that went to J.P. Morgan, Wells Fargo Advisors or Morgan Stanley."
  },
  "merrill_to_jpm": {
   "value": 251,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Merrill Lynch to J.P. Morgan, the busiest firm-to-firm route."
  },
  "merrill_to_wfa": {
   "value": 185,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Merrill Lynch to Wells Fargo Advisors."
  },
  "merrill_to_ms": {
   "value": 149,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Merrill Lynch to Morgan Stanley."
  },
  "merrill_departures_change": {
   "value": {
    "current": 1417,
    "prior": 1381,
    "measured_loss_pct": 1.36,
    "loss_used_pct": 1.36,
    "prior_factor": 1.0393,
    "low_pct": -1.27,
    "high_pct": 2.61,
    "about_flat": true
   },
   "unit": "percent range",
   "window": "both",
   "definition": "Merrill Lynch departures on the year before."
  },
  "cfn_rr_start": {
   "value": 3139,
   "unit": "investment adviser representatives",
   "window": "headcount",
   "definition": "Investment adviser representatives at Commonwealth when the window opened."
  },
  "cfn_departures": {
   "value": 561,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive departures from Commonwealth."
  },
  "cfn_rate_pct": {
   "value": 17.9,
   "unit": "percent",
   "window": "study",
   "definition": "Departures divided by investment adviser representatives at the start of the window."
  },
  "cfn_departures_change": {
   "value": {
    "current": 561,
    "prior": 494,
    "measured_loss_pct": -1.86,
    "loss_used_pct": 1.16,
    "prior_factor": 1.0336,
    "low_pct": 9.87,
    "high_pct": 13.56,
    "about_flat": false
   },
   "unit": "percent range",
   "window": "both",
   "definition": "Commonwealth departures on the year before."
  },
  "channel_coverage_pct": {
   "value": 49.4,
   "unit": "percent",
   "window": "study",
   "definition": "Share of competitive moves with a classified operating model at both ends."
  },
  "ria_net": {
   "value": 604,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Net flow for RIA firms in the classification list."
  },
  "ria_net_prior": {
   "value": 473,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The same, prior 12 months."
  },
  "ria_net_prior_adjusted": {
   "value": 489,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The prior-year RIA net raised by the largest rebuild allowance for its counts."
  },
  "jpm_arrivals": {
   "value": 971,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive arrivals at J.P. Morgan."
  },
  "jpm_arrivals_prior": {
   "value": 723,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The same, prior 12 months."
  },
  "jpm_arrivals_change": {
   "value": {
    "current": 971,
    "prior": 723,
    "measured_loss_pct": 3.6,
    "loss_used_pct": 3.6,
    "prior_factor": 1.1043,
    "low_pct": 21.62,
    "high_pct": 34.3,
    "about_flat": false
   },
   "unit": "percent range",
   "window": "both",
   "definition": "J.P. Morgan arrivals on the year before."
  },
  "wfa_arrivals": {
   "value": 986,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive arrivals at Wells Fargo Advisors."
  },
  "wfa_arrivals_prior": {
   "value": 747,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The same, prior 12 months."
  },
  "wfa_arrivals_change": {
   "value": {
    "current": 986,
    "prior": 747,
    "measured_loss_pct": 2.35,
    "loss_used_pct": 2.35,
    "prior_factor": 1.0682,
    "low_pct": 23.57,
    "high_pct": 31.99,
    "about_flat": false
   },
   "unit": "percent range",
   "window": "both",
   "definition": "Wells Fargo Advisors arrivals on the year before."
  },
  "ej_rr_start": {
   "value": 22776,
   "unit": "investment adviser representatives",
   "window": "headcount",
   "definition": "Investment adviser representatives at Edward Jones at the start of the window."
  },
  "ej_departures": {
   "value": 717,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Competitive departures from Edward Jones."
  },
  "ej_rate_pct": {
   "value": 3.1,
   "unit": "percent",
   "window": "study",
   "definition": "Departures divided by investment adviser representatives at the start of the window."
  },
  "ej_departures_prior": {
   "value": 587,
   "unit": "investment adviser representatives",
   "window": "prior",
   "definition": "The same, prior 12 months."
  },
  "ej_departures_change": {
   "value": {
    "current": 717,
    "prior": 587,
    "measured_loss_pct": 2.98,
    "loss_used_pct": 2.98,
    "prior_factor": 1.0862,
    "low_pct": 12.45,
    "high_pct": 22.15,
    "about_flat": false
   },
   "unit": "percent range",
   "window": "both",
   "definition": "Edward Jones departures on the year before."
  },
  "large_firm_count": {
   "value": 10,
   "unit": "firm families",
   "window": "headcount",
   "definition": "Firm families with 10,000 or more investment adviser representatives at the start of the window."
  },
  "cluster_market_share": {
   "value": 16,
   "unit": "percent",
   "window": "study",
   "definition": "Share of departures in registration clusters, pooled over firms with enough departures to test."
  },
  "cluster_market_chance": {
   "value": 3,
   "unit": "percent",
   "window": "study",
   "definition": "The share chance timing produces."
  },
  "cluster_market_firms": {
   "value": 116,
   "unit": "firms",
   "window": "study",
   "definition": "Firms in the pool."
  },
  "cfn_cluster_share": {
   "value": 40,
   "unit": "percent",
   "window": "study",
   "definition": "Departures in registration clusters, as a share of departures."
  },
  "cfn_clustered": {
   "value": 223,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Departures in registration clusters."
  },
  "cfn_cluster_chance": {
   "value": 2,
   "unit": "percent",
   "window": "study",
   "definition": "The share chance timing produces."
  },
  "cfn_cluster_chance_count": {
   "value": 11,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Clustered departures chance timing produces (mean)."
  },
  "ej_cluster_share": {
   "value": 2,
   "unit": "percent",
   "window": "study",
   "definition": "Departures in registration clusters, as a share of departures."
  },
  "ej_clustered": {
   "value": 12,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Departures in registration clusters."
  },
  "ej_cluster_chance": {
   "value": 0,
   "unit": "percent",
   "window": "study",
   "definition": "The share chance timing produces."
  },
  "ej_cluster_chance_count": {
   "value": 3,
   "unit": "investment adviser representatives",
   "window": "study",
   "definition": "Clustered departures chance timing produces (mean)."
  },
  "cfn_q_before_min": {
   "value": 23,
   "unit": "investment adviser representatives",
   "window": "quarter",
   "definition": "Fewest departures in a quarter before the announcement."
  },
  "cfn_q_before_max": {
   "value": 41,
   "unit": "investment adviser representatives",
   "window": "quarter",
   "definition": "Most departures in a quarter before the announcement."
  },
  "cfn_q_peak": {
   "value": 259,
   "unit": "investment adviser representatives",
   "window": "quarter",
   "definition": "Departures in Q3 2025, the peak quarter.",
   "quarter": "Q3 2025"
  },
  "cfn_q_latest": {
   "value": 119,
   "unit": "investment adviser representatives",
   "window": "quarter",
   "definition": "Departures in Q3 2026, the latest full quarter (provisional).",
   "quarter": "Q3 2026"
  },
  "lookup_firms": {
   "value": 164,
   "unit": "firms",
   "window": "none",
   "definition": "Firms in Continuum's reviewed classification list."
  },
  "lookup_ria_firms": {
   "value": 31,
   "unit": "firms",
   "window": "none",
   "definition": "RIA firms in that list."
  }
 },
 "checks": {
  "largest_net_loss": true,
  "busiest_route": true,
  "merrill_top_source_for_jpm_and_wfa": true,
  "lowest_large_rate": true,
  "highest_mid_rate": true,
  "cfn_cluster_published": true,
  "ej_cluster_published": true,
  "wirehouse_then_insurance_largest_channel_losses": true,
  "independent_bd_largest_channel_gain": true,
  "ria_gain_above_adjusted_prior": true,
  "merrill_departures_about_flat": true,
  "market_change_rose": true,
  "jpm_arrivals_change_rose": true,
  "wfa_arrivals_change_rose": true,
  "ej_departures_change_rose": true
 },
 "merrill_destinations": [
  {
   "firm": "J.P. Morgan",
   "departures": 251
  },
  {
   "firm": "Wells Fargo Advisors",
   "departures": 185
  },
  {
   "firm": "Morgan Stanley",
   "departures": 149
  },
  {
   "firm": "LPL Financial",
   "departures": 72
  },
  {
   "firm": "Raymond James",
   "departures": 53
  },
  {
   "firm": "UBS",
   "departures": 45
  }
 ],
 "cfn_destinations": [
  {
   "firm": "Raymond James",
   "departures": 92
  },
  {
   "firm": "Cetera",
   "departures": 76
  },
  {
   "firm": "Kestra",
   "departures": 74
  },
  {
   "firm": "Merit Financial Advisors",
   "departures": 37
  }
 ],
 "cfn_quarters": [
  {
   "quarter": "Q1 2024",
   "start": "2024-01-01",
   "end": "2024-03-31",
   "departures": 23,
   "provisional": false,
   "after_announcement": false
  },
  {
   "quarter": "Q2 2024",
   "start": "2024-04-01",
   "end": "2024-06-30",
   "departures": 41,
   "provisional": false,
   "after_announcement": false
  },
  {
   "quarter": "Q3 2024",
   "start": "2024-07-01",
   "end": "2024-09-30",
   "departures": 24,
   "provisional": false,
   "after_announcement": false
  },
  {
   "quarter": "Q4 2024",
   "start": "2024-10-01",
   "end": "2024-12-31",
   "departures": 28,
   "provisional": false,
   "after_announcement": false
  },
  {
   "quarter": "Q1 2025",
   "start": "2025-01-01",
   "end": "2025-03-31",
   "departures": 26,
   "provisional": false,
   "after_announcement": false
  },
  {
   "quarter": "Q2 2025",
   "start": "2025-04-01",
   "end": "2025-06-30",
   "departures": 77,
   "provisional": false,
   "after_announcement": true
  },
  {
   "quarter": "Q3 2025",
   "start": "2025-07-01",
   "end": "2025-09-30",
   "departures": 259,
   "provisional": false,
   "after_announcement": true
  },
  {
   "quarter": "Q4 2025",
   "start": "2025-10-01",
   "end": "2025-12-31",
   "departures": 237,
   "provisional": false,
   "after_announcement": true
  },
  {
   "quarter": "Q1 2026",
   "start": "2026-01-01",
   "end": "2026-03-31",
   "departures": 146,
   "provisional": false,
   "after_announcement": true
  },
  {
   "quarter": "Q2 2026",
   "start": "2026-04-01",
   "end": "2026-06-30",
   "departures": 138,
   "provisional": false,
   "after_announcement": true
  },
  {
   "quarter": "Q3 2026",
   "start": "2026-07-01",
   "end": "2026-09-30",
   "departures": 119,
   "provisional": true,
   "after_announcement": true
  }
 ],
 "channels": [
  {
   "channel": "Wirehouse",
   "net": -748,
   "arrivals": 2862,
   "departures": 3610,
   "net_prior": -645,
   "arrivals_prior": 2649,
   "departures_prior": 3294
  },
  {
   "channel": "Insurance-Affiliated",
   "net": -598,
   "arrivals": 823,
   "departures": 1421,
   "net_prior": -610,
   "arrivals_prior": 688,
   "departures_prior": 1298
  },
  {
   "channel": "National Broker-Dealer",
   "net": -467,
   "arrivals": 617,
   "departures": 1084,
   "net_prior": -180,
   "arrivals_prior": 719,
   "departures_prior": 899
  },
  {
   "channel": "Bank / Institutional",
   "net": 50,
   "arrivals": 712,
   "departures": 662,
   "net_prior": -60,
   "arrivals_prior": 655,
   "departures_prior": 715
  },
  {
   "channel": "Custodian / Direct Advisory",
   "net": 79,
   "arrivals": 1099,
   "departures": 1020,
   "net_prior": -117,
   "arrivals_prior": 708,
   "departures_prior": 825
  },
  {
   "channel": "Regional Broker-Dealer",
   "net": 254,
   "arrivals": 735,
   "departures": 481,
   "net_prior": 214,
   "arrivals_prior": 703,
   "departures_prior": 489
  },
  {
   "channel": "RIA",
   "net": 604,
   "arrivals": 952,
   "departures": 348,
   "net_prior": 473,
   "arrivals_prior": 750,
   "departures_prior": 277
  },
  {
   "channel": "Independent Broker-Dealer",
   "net": 826,
   "arrivals": 3470,
   "departures": 2644,
   "net_prior": 925,
   "arrivals_prior": 3388,
   "departures_prior": 2463
  }
 ],
 "large_firms": [
  {
   "family": "Edward Jones",
   "rr_start": 22776,
   "departures": 717,
   "departure_rate_pct": 3.1
  },
  {
   "family": "Morgan Stanley",
   "rr_start": 21861,
   "departures": 771,
   "departure_rate_pct": 3.5
  },
  {
   "family": "Fidelity",
   "rr_start": 15887,
   "departures": 740,
   "departure_rate_pct": 4.7
  },
  {
   "family": "Raymond James",
   "rr_start": 11349,
   "departures": 529,
   "departure_rate_pct": 4.7
  },
  {
   "family": "LPL Financial",
   "rr_start": 23927,
   "departures": 1254,
   "departure_rate_pct": 5.2
  },
  {
   "family": "Wells Fargo Advisors",
   "rr_start": 16991,
   "departures": 942,
   "departure_rate_pct": 5.5
  },
  {
   "family": "J.P. Morgan",
   "rr_start": 12447,
   "departures": 683,
   "departure_rate_pct": 5.5
  },
  {
   "family": "Cetera",
   "rr_start": 10647,
   "departures": 609,
   "departure_rate_pct": 5.7
  },
  {
   "family": "Merrill Lynch",
   "rr_start": 24551,
   "departures": 1417,
   "departure_rate_pct": 5.8
  },
  {
   "family": "Ameriprise",
   "rr_start": 12182,
   "departures": 717,
   "departure_rate_pct": 5.9
  }
 ],
 "net_flows": [
  {
   "family": "Merrill Lynch",
   "net": -895,
   "departures": 1417,
   "arrivals": 522
  },
  {
   "family": "Equitable",
   "net": -518,
   "departures": 581,
   "arrivals": 63
  },
  {
   "family": "Fidelity",
   "net": -508,
   "departures": 740,
   "arrivals": 232
  },
  {
   "family": "Commonwealth Financial Network",
   "net": -504,
   "departures": 561,
   "arrivals": 57
  },
  {
   "family": "Edward Jones",
   "net": -462,
   "departures": 717,
   "arrivals": 255
  },
  {
   "family": "UBS",
   "net": -352,
   "departures": 603,
   "arrivals": 251
  },
  {
   "family": "LPL Financial",
   "net": 569,
   "departures": 1254,
   "arrivals": 1823
  },
  {
   "family": "Raymond James",
   "net": 343,
   "departures": 529,
   "arrivals": 872
  },
  {
   "family": "J.P. Morgan",
   "net": 288,
   "departures": 683,
   "arrivals": 971
  },
  {
   "family": "Charles Schwab",
   "net": 178,
   "departures": 293,
   "arrivals": 471
  },
  {
   "family": "&Partners",
   "net": 138,
   "departures": 11,
   "arrivals": 149
  },
  {
   "family": "Wealth Enhancement Group",
   "net": 123,
   "departures": 25,
   "arrivals": 148
  }
 ],
 "firms": [
  {
   "family": "Merrill Lynch",
   "channel": "Wirehouse",
   "rr_start": 24551,
   "departures": 1417,
   "arrivals": 522,
   "net": -895,
   "departure_rate_pct": 5.8,
   "cluster": {
    "departures": 1417,
    "clustered": 194,
    "share": 14,
    "chance_share": 4,
    "chance_clustered": 53.6,
    "ratio": 3.62,
    "p_value": 0.001,
    "publish": true,
    "status": "14% (chance 4%)"
   }
  },
  {
   "family": "LPL Financial",
   "channel": "Multiple channels",
   "rr_start": 23927,
   "departures": 1254,
   "arrivals": 1823,
   "net": 569,
   "departure_rate_pct": 5.2,
   "cluster": {
    "departures": 1254,
    "clustered": 138,
    "share": 11,
    "chance_share": 1,
    "chance_clustered": 7.3,
    "ratio": 18.84,
    "p_value": 0.001,
    "publish": true,
    "status": "11% (chance 1%)"
   }
  },
  {
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   "channel": "National Broker-Dealer",
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   "arrivals": 255,
   "net": -462,
   "departure_rate_pct": 3.1,
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    "status": "2% (chance 0%)"
   }
  },
  {
   "family": "Morgan Stanley",
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   "rr_start": 21861,
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   "arrivals": 664,
   "net": -107,
   "departure_rate_pct": 3.5,
   "cluster": {
    "departures": 771,
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    "p_value": 0.001,
    "publish": true,
    "status": "14% (chance 1%)"
   }
  },
  {
   "family": "Wells Fargo Advisors",
   "channel": "Multiple channels",
   "rr_start": 16991,
   "departures": 942,
   "arrivals": 986,
   "net": 44,
   "departure_rate_pct": 5.5,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "19% (chance 2%)"
   }
  },
  {
   "family": "Fidelity",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 15887,
   "departures": 740,
   "arrivals": 232,
   "net": -508,
   "departure_rate_pct": 4.7,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "7% (chance 2%)"
   }
  },
  {
   "family": "J.P. Morgan",
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   "rr_start": 12447,
   "departures": 683,
   "arrivals": 971,
   "net": 288,
   "departure_rate_pct": 5.5,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "9% (chance 1%)"
   }
  },
  {
   "family": "Ameriprise",
   "channel": "National Broker-Dealer",
   "rr_start": 12182,
   "departures": 717,
   "arrivals": 482,
   "net": -235,
   "departure_rate_pct": 5.9,
   "cluster": {
    "departures": 717,
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    "ratio": 8.59,
    "p_value": 0.001,
    "publish": true,
    "status": "33% (chance 4%)"
   }
  },
  {
   "family": "Raymond James",
   "channel": "Multiple channels",
   "rr_start": 11349,
   "departures": 529,
   "arrivals": 872,
   "net": 343,
   "departure_rate_pct": 4.7,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "26% (chance 1%)"
   }
  },
  {
   "family": "Cetera",
   "channel": "Independent Broker-Dealer",
   "rr_start": 10647,
   "departures": 609,
   "arrivals": 627,
   "net": 18,
   "departure_rate_pct": 5.7,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "21% (chance 1%)"
   }
  },
  {
   "family": "UBS",
   "channel": "Wirehouse",
   "rr_start": 9079,
   "departures": 603,
   "arrivals": 251,
   "net": -352,
   "departure_rate_pct": 6.6,
   "cluster": {
    "departures": 603,
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    "p_value": 0.001,
    "publish": true,
    "status": "33% (chance 1%)"
   }
  },
  {
   "family": "Osaic",
   "channel": "Multiple channels",
   "rr_start": 8587,
   "departures": 501,
   "arrivals": 334,
   "net": -167,
   "departure_rate_pct": 5.8,
   "cluster": {
    "departures": 501,
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    "p_value": 0.001,
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    "status": "24% (chance 1%)"
   }
  },
  {
   "family": "Charles Schwab",
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   "rr_start": 7019,
   "departures": 293,
   "arrivals": 471,
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   "departure_rate_pct": 4.2,
   "cluster": {
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    "p_value": 0.1678,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "State Farm",
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   "rr_start": 6164,
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   "arrivals": 40,
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   "cluster": {
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    "ratio": null,
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    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "MassMutual",
   "channel": "Insurance-Affiliated",
   "rr_start": 4693,
   "departures": 287,
   "arrivals": 197,
   "net": -90,
   "departure_rate_pct": 6.1,
   "cluster": {
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    "ratio": 47.38,
    "p_value": 0.001,
    "publish": true,
    "status": "13% (chance 0%)"
   }
  },
  {
   "family": "Equitable",
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   "rr_start": 4144,
   "departures": 581,
   "arrivals": 63,
   "net": -518,
   "departure_rate_pct": 14.0,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "6% (chance 1%)"
   }
  },
  {
   "family": "Cambridge",
   "channel": "Independent Broker-Dealer",
   "rr_start": 3729,
   "departures": 253,
   "arrivals": 198,
   "net": -55,
   "departure_rate_pct": 6.8,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "30% (chance 4%)"
   }
  },
  {
   "family": "RBC",
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   "rr_start": 3570,
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   "arrivals": 186,
   "net": 41,
   "departure_rate_pct": 4.1,
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    "p_value": 0.001,
    "publish": true,
    "status": "31% (chance 0%)"
   }
  },
  {
   "family": "Primerica",
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   "rr_start": 3504,
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   "arrivals": 11,
   "net": -19,
   "departure_rate_pct": 0.9,
   "cluster": {
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    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Stifel",
   "channel": "Regional Broker-Dealer",
   "rr_start": 3251,
   "departures": 111,
   "arrivals": 76,
   "net": -35,
   "departure_rate_pct": 3.4,
   "cluster": {
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    "ratio": 422.22,
    "p_value": 0.001,
    "publish": true,
    "status": "17% (chance 0%)"
   }
  },
  {
   "family": "Commonwealth Financial Network",
   "channel": "Independent Broker-Dealer",
   "rr_start": 3139,
   "departures": 561,
   "arrivals": 57,
   "net": -504,
   "departure_rate_pct": 17.9,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "40% (chance 2%)"
   }
  },
  {
   "family": "Thrivent",
   "channel": "Multiple channels",
   "rr_start": 2889,
   "departures": 156,
   "arrivals": 65,
   "net": -91,
   "departure_rate_pct": 5.4,
   "cluster": {
    "departures": 156,
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    "ratio": 33.63,
    "p_value": 0.001,
    "publish": true,
    "status": "12% (chance 0%)"
   }
  },
  {
   "family": "Baird",
   "channel": "Regional Broker-Dealer",
   "rr_start": 2453,
   "departures": 55,
   "arrivals": 64,
   "net": 9,
   "departure_rate_pct": 2.2,
   "cluster": {
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    "ratio": 29.66,
    "p_value": 0.001,
    "publish": true,
    "status": "13% (chance 0%)"
   }
  },
  {
   "family": "Fisher Investments",
   "channel": "RIA",
   "rr_start": 2426,
   "departures": 136,
   "arrivals": 194,
   "net": 58,
   "departure_rate_pct": 5.6,
   "cluster": {
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    "ratio": 7.54,
    "p_value": 0.1279,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "New York Life",
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   "rr_start": 2249,
   "departures": 116,
   "arrivals": 19,
   "net": -97,
   "departure_rate_pct": 5.2,
   "cluster": {
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    "p_value": 0.001,
    "publish": true,
    "status": "9% (chance 0%)"
   }
  },
  {
   "family": "Citi",
   "channel": "Bank / Institutional",
   "rr_start": 2172,
   "departures": 111,
   "arrivals": 116,
   "net": 5,
   "departure_rate_pct": 5.1,
   "cluster": {
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Truist",
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   "rr_start": 1897,
   "departures": 152,
   "arrivals": 83,
   "net": -69,
   "departure_rate_pct": 8.0,
   "cluster": {
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    "ratio": 16.08,
    "p_value": 0.001,
    "publish": true,
    "status": "25% (chance 2%)"
   }
  },
  {
   "family": "Northwestern Mutual",
   "channel": "Insurance-Affiliated",
   "rr_start": 1894,
   "departures": 159,
   "arrivals": 108,
   "net": -51,
   "departure_rate_pct": 8.4,
   "cluster": {
    "departures": 159,
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    "share": 8,
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    "ratio": 133.33,
    "p_value": 0.001,
    "publish": true,
    "status": "8% (chance 0%)"
   }
  },
  {
   "family": "Vanguard",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 1882,
   "departures": 121,
   "arrivals": 226,
   "net": 105,
   "departure_rate_pct": 6.4,
   "cluster": {
    "departures": 121,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Guardian",
   "channel": "Insurance-Affiliated",
   "rr_start": 1766,
   "departures": 140,
   "arrivals": 59,
   "net": -81,
   "departure_rate_pct": 7.9,
   "cluster": {
    "departures": 140,
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    "ratio": 130.43,
    "p_value": 0.001,
    "publish": true,
    "status": "6% (chance 0%)"
   }
  },
  {
   "family": "Kestra",
   "channel": "Independent Broker-Dealer",
   "rr_start": 1539,
   "departures": 111,
   "arrivals": 164,
   "net": 53,
   "departure_rate_pct": 7.2,
   "cluster": {
    "departures": 111,
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    "ratio": 188.98,
    "p_value": 0.001,
    "publish": true,
    "status": "22% (chance 0%)"
   }
  },
  {
   "family": "TIAA",
   "channel": "Insurance-Affiliated",
   "rr_start": 1493,
   "departures": 112,
   "arrivals": 185,
   "net": 73,
   "departure_rate_pct": 7.5,
   "cluster": {
    "departures": 112,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Principal",
   "channel": "Insurance-Affiliated",
   "rr_start": 1336,
   "departures": 71,
   "arrivals": 84,
   "net": 13,
   "departure_rate_pct": 5.3,
   "cluster": {
    "departures": 71,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Janney",
   "channel": "Regional Broker-Dealer",
   "rr_start": 1240,
   "departures": 36,
   "arrivals": 77,
   "net": 41,
   "departure_rate_pct": 2.9,
   "cluster": {
    "departures": 36,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Empower",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 1217,
   "departures": 117,
   "arrivals": 237,
   "net": 120,
   "departure_rate_pct": 9.6,
   "cluster": {
    "departures": 117,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Corebridge Financial",
   "channel": "Insurance-Affiliated",
   "rr_start": 1185,
   "departures": 81,
   "arrivals": 39,
   "net": -42,
   "departure_rate_pct": 6.8,
   "cluster": {
    "departures": 81,
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    "ratio": 43.01,
    "p_value": 0.001,
    "publish": true,
    "status": "5% (chance 0%)"
   }
  },
  {
   "family": "Creative Planning",
   "channel": "RIA",
   "rr_start": 1113,
   "departures": 22,
   "arrivals": 134,
   "net": 112,
   "departure_rate_pct": 2.0,
   "cluster": {
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    "ratio": null,
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    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Oppenheimer",
   "channel": "Regional Broker-Dealer",
   "rr_start": 1103,
   "departures": 60,
   "arrivals": 42,
   "net": -18,
   "departure_rate_pct": 5.4,
   "cluster": {
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    "ratio": 5.28,
    "p_value": 0.001,
    "publish": true,
    "status": "35% (chance 7%)"
   }
  },
  {
   "family": "U.S. Bancorp",
   "channel": "Bank / Institutional",
   "rr_start": 1052,
   "departures": 53,
   "arrivals": 60,
   "net": 7,
   "departure_rate_pct": 5.0,
   "cluster": {
    "departures": 53,
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    "ratio": 333.33,
    "p_value": 0.004,
    "publish": true,
    "status": "6% (chance 0%)"
   }
  },
  {
   "family": "PNC",
   "channel": "Bank / Institutional",
   "rr_start": 1027,
   "departures": 89,
   "arrivals": 138,
   "net": 49,
   "departure_rate_pct": 8.7,
   "cluster": {
    "departures": 89,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "GOLDMAN SACHS WEALTH SERVICES, L.P.",
   "channel": "Bank / Institutional",
   "rr_start": 1013,
   "departures": 51,
   "arrivals": 10,
   "net": -41,
   "departure_rate_pct": 5.0,
   "cluster": {
    "departures": 51,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Transamerica",
   "channel": "Insurance-Affiliated",
   "rr_start": 985,
   "departures": 51,
   "arrivals": 14,
   "net": -37,
   "departure_rate_pct": 5.2,
   "cluster": {
    "departures": 51,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Hightower",
   "channel": "RIA",
   "rr_start": 932,
   "departures": 55,
   "arrivals": 64,
   "net": 9,
   "departure_rate_pct": 5.9,
   "cluster": {
    "departures": 55,
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    "chance_clustered": 0.2,
    "ratio": 48.39,
    "p_value": 0.001,
    "publish": true,
    "status": "16% (chance 0%)"
   }
  },
  {
   "family": "Lincoln Investment",
   "channel": "Independent Broker-Dealer",
   "rr_start": 889,
   "departures": 28,
   "arrivals": 46,
   "net": 18,
   "departure_rate_pct": 3.1,
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    "p_value": 0.002,
    "publish": true,
    "status": "14% (chance 0%)"
   }
  },
  {
   "family": "Fifth Third",
   "channel": "Bank / Institutional",
   "rr_start": 874,
   "departures": 41,
   "arrivals": 48,
   "net": 7,
   "departure_rate_pct": 4.7,
   "cluster": {
    "departures": 41,
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    "ratio": null,
    "p_value": 1.0,
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    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Rockefeller",
   "channel": "RIA",
   "rr_start": 863,
   "departures": 34,
   "arrivals": 133,
   "net": 99,
   "departure_rate_pct": 3.9,
   "cluster": {
    "departures": 34,
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "First Command",
   "channel": "Insurance-Affiliated",
   "rr_start": 861,
   "departures": 67,
   "arrivals": 31,
   "net": -36,
   "departure_rate_pct": 7.8,
   "cluster": {
    "departures": 67,
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    "chance_clustered": 0.0,
    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Mariner",
   "channel": "RIA",
   "rr_start": 831,
   "departures": 42,
   "arrivals": 95,
   "net": 53,
   "departure_rate_pct": 5.1,
   "cluster": {
    "departures": 42,
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    "chance_clustered": 0.0,
    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Wealth Enhancement Group",
   "channel": "RIA",
   "rr_start": 819,
   "departures": 25,
   "arrivals": 148,
   "net": 123,
   "departure_rate_pct": 3.1,
   "cluster": {
    "departures": 25,
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "CAPTRUST",
   "channel": "RIA",
   "rr_start": 818,
   "departures": 14,
   "arrivals": 91,
   "net": 77,
   "departure_rate_pct": 1.7,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Focus",
   "channel": "RIA",
   "rr_start": 780,
   "departures": 48,
   "arrivals": 59,
   "net": 11,
   "departure_rate_pct": 6.2,
   "cluster": {
    "departures": 48,
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    "chance_clustered": 0.0,
    "ratio": 166.67,
    "p_value": 0.007,
    "publish": true,
    "status": "6% (chance 0%)"
   }
  },
  {
   "family": "Neuberger Berman",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 767,
   "departures": 20,
   "arrivals": 25,
   "net": 5,
   "departure_rate_pct": 2.6,
   "cluster": {
    "departures": 20,
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Private Advisor Group",
   "channel": "RIA",
   "rr_start": 699,
   "departures": 27,
   "arrivals": 52,
   "net": 25,
   "departure_rate_pct": 3.9,
   "cluster": {
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    "chance_clustered": 0.0,
    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Citizens",
   "channel": "Bank / Institutional",
   "rr_start": 690,
   "departures": 51,
   "arrivals": 89,
   "net": 38,
   "departure_rate_pct": 7.4,
   "cluster": {
    "departures": 51,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "D.A. Davidson",
   "channel": "Regional Broker-Dealer",
   "rr_start": 652,
   "departures": 30,
   "arrivals": 25,
   "net": -5,
   "departure_rate_pct": 4.6,
   "cluster": {
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    "ratio": 230.77,
    "p_value": 0.001,
    "publish": true,
    "status": "30% (chance 0%)"
   }
  },
  {
   "family": "Edelman Financial Engines",
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   "rr_start": 619,
   "departures": 41,
   "arrivals": 76,
   "net": 35,
   "departure_rate_pct": 6.6,
   "cluster": {
    "departures": 41,
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    "chance_clustered": 0.0,
    "ratio": 1000.0,
    "p_value": 0.002,
    "publish": true,
    "status": "7% (chance 0%)"
   }
  },
  {
   "family": "BlackRock",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 601,
   "departures": 19,
   "arrivals": 21,
   "net": 2,
   "departure_rate_pct": 3.2,
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    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Cerity Partners",
   "channel": "RIA",
   "rr_start": 585,
   "departures": 9,
   "arrivals": 105,
   "net": 96,
   "departure_rate_pct": 1.5,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Mercer Advisors",
   "channel": "RIA",
   "rr_start": 584,
   "departures": 22,
   "arrivals": 109,
   "net": 87,
   "departure_rate_pct": 3.8,
   "cluster": {
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "KeyBank",
   "channel": "Bank / Institutional",
   "rr_start": 565,
   "departures": 52,
   "arrivals": 67,
   "net": 15,
   "departure_rate_pct": 9.2,
   "cluster": {
    "departures": 52,
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    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Carson Group",
   "channel": "RIA",
   "rr_start": 543,
   "departures": 33,
   "arrivals": 84,
   "net": 51,
   "departure_rate_pct": 6.1,
   "cluster": {
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    "p_value": 0.007,
    "publish": true,
    "status": "9% (chance 0%)"
   }
  },
  {
   "family": "Capital Group",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 527,
   "departures": 19,
   "arrivals": 28,
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   "departure_rate_pct": 3.6,
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    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Corient",
   "channel": "RIA",
   "rr_start": 520,
   "departures": 20,
   "arrivals": 123,
   "net": 103,
   "departure_rate_pct": 3.8,
   "cluster": {
    "departures": 20,
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    "ratio": null,
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    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "NewEdge",
   "channel": "RIA",
   "rr_start": 500,
   "departures": 34,
   "arrivals": 96,
   "net": 62,
   "departure_rate_pct": 6.8,
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    "ratio": 40.82,
    "p_value": 0.001,
    "publish": true,
    "status": "24% (chance 1%)"
   }
  },
  {
   "family": "AllianceBernstein",
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   "rr_start": 470,
   "departures": 36,
   "arrivals": 34,
   "net": -2,
   "departure_rate_pct": 7.7,
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    "p_value": 0.001,
    "publish": true,
    "status": "17% (chance 0%)"
   }
  },
  {
   "family": "Benjamin F. Edwards",
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   "rr_start": 467,
   "departures": 9,
   "arrivals": 33,
   "net": 24,
   "departure_rate_pct": 1.9,
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    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Independent Financial Group",
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   "rr_start": 460,
   "departures": 34,
   "arrivals": 29,
   "net": -5,
   "departure_rate_pct": 7.4,
   "cluster": {
    "departures": 34,
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    "ratio": 47.62,
    "p_value": 0.022,
    "publish": true,
    "status": "9% (chance 0%)"
   }
  },
  {
   "family": "National Life Group",
   "channel": "Insurance-Affiliated",
   "rr_start": 453,
   "departures": 33,
   "arrivals": 39,
   "net": 6,
   "departure_rate_pct": 7.3,
   "cluster": {
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "J.W. Cole",
   "channel": "Independent Broker-Dealer",
   "rr_start": 442,
   "departures": 13,
   "arrivals": 39,
   "net": 26,
   "departure_rate_pct": 2.9,
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    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Penn Mutual",
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   "rr_start": 434,
   "departures": 40,
   "arrivals": 25,
   "net": -15,
   "departure_rate_pct": 9.2,
   "cluster": {
    "departures": 40,
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    "chance_clustered": 0.1,
    "ratio": 60.61,
    "p_value": 0.001,
    "publish": true,
    "status": "10% (chance 0%)"
   }
  },
  {
   "family": "GWN",
   "channel": "Independent Broker-Dealer",
   "rr_start": 431,
   "departures": 15,
   "arrivals": 5,
   "net": -10,
   "departure_rate_pct": 3.5,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Global Retirement Partners",
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   "rr_start": 429,
   "departures": 21,
   "arrivals": 31,
   "net": 10,
   "departure_rate_pct": 4.9,
   "cluster": {
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    "chance_share": 1,
    "chance_clustered": 0.1,
    "ratio": 55.56,
    "p_value": 0.001,
    "publish": true,
    "status": "29% (chance 1%)"
   }
  },
  {
   "family": "T. Rowe Price",
   "channel": "Custodian / Direct Advisory",
   "rr_start": 416,
   "departures": 38,
   "arrivals": 32,
   "net": -6,
   "departure_rate_pct": 9.1,
   "cluster": {
    "departures": 38,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Centaurus",
   "channel": "Independent Broker-Dealer",
   "rr_start": 410,
   "departures": 11,
   "arrivals": 10,
   "net": -1,
   "departure_rate_pct": 2.7,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Steward Partners",
   "channel": "RIA",
   "rr_start": 409,
   "departures": 22,
   "arrivals": 74,
   "net": 52,
   "departure_rate_pct": 5.4,
   "cluster": {
    "departures": 22,
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    "chance_share": 0,
    "chance_clustered": 0.1,
    "ratio": 135.42,
    "p_value": 0.001,
    "publish": true,
    "status": "59% (chance 0%)"
   }
  },
  {
   "family": "TD Bank",
   "channel": "Bank / Institutional",
   "rr_start": 407,
   "departures": 39,
   "arrivals": 80,
   "net": 41,
   "departure_rate_pct": 9.6,
   "cluster": {
    "departures": 39,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "PlanMember",
   "channel": "Insurance-Affiliated",
   "rr_start": 403,
   "departures": 9,
   "arrivals": 16,
   "net": 7,
   "departure_rate_pct": 2.2,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "&Partners",
   "channel": "Independent Broker-Dealer",
   "rr_start": 396,
   "departures": 11,
   "arrivals": 149,
   "net": 138,
   "departure_rate_pct": 2.8,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Integrated Wealth Concepts",
   "channel": "RIA",
   "rr_start": 389,
   "departures": 5,
   "arrivals": 52,
   "net": 47,
   "departure_rate_pct": 1.3,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Beacon Pointe",
   "channel": "RIA",
   "rr_start": 368,
   "departures": 19,
   "arrivals": 76,
   "net": 57,
   "departure_rate_pct": 5.2,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Sanctuary",
   "channel": "RIA",
   "rr_start": 357,
   "departures": 17,
   "arrivals": 34,
   "net": 17,
   "departure_rate_pct": 4.8,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Nationwide",
   "channel": "Insurance-Affiliated",
   "rr_start": 356,
   "departures": 21,
   "arrivals": 23,
   "net": 2,
   "departure_rate_pct": 5.9,
   "cluster": {
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "First Citizens",
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   "rr_start": 349,
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   "arrivals": 35,
   "net": 11,
   "departure_rate_pct": 6.9,
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "United Planners",
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   "rr_start": 348,
   "departures": 29,
   "arrivals": 20,
   "net": -9,
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    "ratio": 58.82,
    "p_value": 0.001,
    "publish": true,
    "status": "28% (chance 0%)"
   }
  },
  {
   "family": "Stratos",
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   "rr_start": 347,
   "departures": 32,
   "arrivals": 32,
   "net": 0,
   "departure_rate_pct": 9.2,
   "cluster": {
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    "ratio": 2.49,
    "p_value": 0.001,
    "publish": true,
    "status": "38% (chance 15%)"
   }
  },
  {
   "family": "HSBC",
   "channel": "Bank / Institutional",
   "rr_start": 346,
   "departures": 28,
   "arrivals": 28,
   "net": 0,
   "departure_rate_pct": 8.1,
   "cluster": {
    "departures": 28,
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    "chance_share": 0,
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    "ratio": 111.11,
    "p_value": 0.01,
    "publish": true,
    "status": "11% (chance 0%)"
   }
  },
  {
   "family": "OneAmerica",
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   "rr_start": 313,
   "departures": 40,
   "arrivals": 13,
   "net": -27,
   "departure_rate_pct": 12.8,
   "cluster": {
    "departures": 40,
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    "share": 0,
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    "chance_clustered": 0.1,
    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "OneDigital",
   "channel": "RIA",
   "rr_start": 306,
   "departures": 13,
   "arrivals": 53,
   "net": 40,
   "departure_rate_pct": 4.2,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Allstate",
   "channel": "Insurance-Affiliated",
   "rr_start": 295,
   "departures": 20,
   "arrivals": 16,
   "net": -4,
   "departure_rate_pct": 6.8,
   "cluster": {
    "departures": 20,
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Independent Financial Partners",
   "channel": "RIA",
   "rr_start": 288,
   "departures": 20,
   "arrivals": 24,
   "net": 4,
   "departure_rate_pct": 6.9,
   "cluster": {
    "departures": 20,
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    "ratio": 0.0,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "Independent Advisor Alliance",
   "channel": "RIA",
   "rr_start": 284,
   "departures": 18,
   "arrivals": 10,
   "net": -8,
   "departure_rate_pct": 6.3,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Farther",
   "channel": "RIA",
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   "departures": 20,
   "arrivals": 118,
   "net": 98,
   "departure_rate_pct": 9.6,
   "cluster": {
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    "share": 0,
    "chance_share": 0,
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    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  },
  {
   "family": "B. Riley",
   "channel": "Independent Broker-Dealer",
   "rr_start": 171,
   "departures": 9,
   "arrivals": 2,
   "net": -7,
   "departure_rate_pct": 5.3,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Insigneo",
   "channel": "Independent Broker-Dealer",
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   "departures": 2,
   "arrivals": 47,
   "net": 45,
   "departure_rate_pct": 1.2,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "USAA",
   "channel": "Bank / Institutional",
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   "departures": 7,
   "arrivals": 17,
   "net": 10,
   "departure_rate_pct": 8.1,
   "cluster": {
    "status": "too few departures to test",
    "publish": false
   }
  },
  {
   "family": "Huntington",
   "channel": "Bank / Institutional",
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   "departures": 25,
   "arrivals": 3,
   "net": -22,
   "departure_rate_pct": 49.0,
   "cluster": {
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    "share": 0,
    "chance_share": 0,
    "chance_clustered": 0.0,
    "ratio": null,
    "p_value": 1.0,
    "publish": false,
    "status": "not distinguishable from chance timing"
   }
  }
 ],
 "drift": {
  "days": 126,
  "market_loss_pct": 1.16,
  "firm_loss_min_pct": 1.16,
  "firm_loss_max_pct": 3.6
 },
 "without_event_stage": {
  "market_moves": 23868,
  "market_moves_prior": 23874,
  "merrill_departures": 1417,
  "merrill_arrivals": 522,
  "jpm_arrivals": 971,
  "wfa_arrivals": 986,
  "ej_departures": 717,
  "cfn_departures": 561
 }
}