Raymond James Recruits Advisory Team Managing $2.8 Billion in Assets
RJF•Raymond James has recruited a financial advisory team from Commonwealth Financial Network overseeing $2.8 billion in client assets. This addition strengthens RJF’s advisory platform and boosts its assets under administration by expanding its roster of high-net-worth clients.
1. Recruitment Details
Raymond James has lured a financial advisory team from Commonwealth Financial Network overseeing $2.8 billion in client assets. The move adds seasoned advisors and high-net-worth portfolios to RJF’s advisory division.
2. Strategic Impact
The addition bolsters RJF’s assets under administration and strengthens its market position in the wealth management sector. Management expects incremental advisory fees and cross-selling opportunities to enhance revenue growth.
