Cambridge Adds 189 Advisors With $6.8B in First Half

Cambridge Investment Research added 189 financial advisors representing approximately $6.8 billion in assets under advisement during the first half of 2026, as industry consolidation pushed more teams to reconsider their affiliations.

The recruits brought $55.9 million in annualized revenue to Cambridge’s independent platform. First-quarter additions accounted for $2.6 billion in assets and $24.3 million in revenue, followed by $4.2 billion and $31.6 million, respectively, during the second quarter.

Cambridge recruited 185 advisors with nearly $5.1 billion in client assets during the comparable 2025 period. Although this year’s advisor count was only four higher, recruited assets increased by approximately $1.7 billion and annualized revenue grew by more than $10 million, indicating that Cambridge is attracting larger teams.

The first-half total included the acquisition of Des Plaines, IL-based WealthPlanners, which oversees about $800 million in assets under management.

“The Cambridge story resonates with advisors who find themselves suddenly affiliated with mega consolidators and serial M&A shops,” said Tammy Robbins, executive vice president and chief business development officer.

Cambridge has positioned its internally controlled ownership model as an alternative to publicly traded and private equity-backed firms. The company has also invested in agentic artificial intelligence, support personnel and operational services.

The recruiting gains follow a record 2025, when Cambridge surpassed $2 billion in total annual revenue for the first time and posted its second consecutive year of record recruiting.

The Fairfield, Iowa-based firm supports more than 4,100 advisors and oversees more than $280 billion in assets under advisement.