Raymond James Adds Two Advisory Teams With $1.75B in Combined Assets
Two teams are joining Raymond James' employee and independent channels. The independent team is the latest to move from Commonwealth after LPL's acquisition of the broker/dealer.
Raymond James is adding two advisory teams managing a combined $1.75B in assets, according to an announcement from the firm. The teams are joining through different channels of the business.
Separate Channels
One of the teams is joining Raymond James' employee channel, while the other is joining its independent channel. The dual movement highlights how the firm is drawing advisory practices across both models, though the source does not specify the names of the teams or the exact division of assets between them.
Commonwealth Departures Continue
The team entering the independent channel is the latest to join Raymond James from Commonwealth, following LPL's acquisition of the broker/dealer. That phrase in the source frames the move as part of a continuing pattern of advisor departures from Commonwealth in the wake of the acquisition, rather than an isolated event.
The independent team is the latest to move from Commonwealth to Raymond James after LPL's acquisition of the broker/dealer, indicating that ownership changes at advisory firms can trigger advisor transitions.
What the Source Does Not Say
The material does not name the teams, their locations, their client profiles, or the specific asset split between the employee and independent channels. It also does not provide terms of the moves, retention arrangements, or commentary from the advisors or from Raymond James leadership.
Reading the Signal
What the source supports is a straightforward fact: Raymond James has recruited two teams with a combined $1.75B in assets, and at least one of them is arriving from Commonwealth. The mention of LPL's acquisition of Commonwealth provides the context for why the independent team's move is being described as the latest in a series.
For observers of advisory-firm consolidation and talent movement, the relevance lies in the mechanics: when a broker/dealer changes ownership, advisor teams may reassess their platform. The source quantifies the scale of these two particular moves but does not generalize about broader retention rates or industry-wide trends.
No Further Detail
The announcement, as supplied, is brief. It confirms recruitment across two channels and a Commonwealth-to-Raymond James path tied to LPL's acquisition. It does not offer a timeline, a total headcount, or any indication of whether more transitions are expected.
