Raymond James Welcomes Four Advisors from Commonwealth Financial Network.

Raymond James has welcomed four financial advisors, Custom Wealth Strategies, to its independent advisor channel, Raymond James Financial Services. The advisors, led by David R. Burgio Sr., managed approximately $315 million in client assets and specialize in serving high-net-worth clients. They joined from Commonwealth Financial Network and cited Raymond James' approach to client relationships, robust technology, and resources as key reasons for the move.

Raymond James Financial Services has expanded its independent advisor channel by welcoming four new financial advisors from Commonwealth Financial Network. The advisors, led by David R. Burgio Sr., have joined Raymond James with a combined client asset management of approximately $315 million, focusing on high-net-worth clients [1].

The decision to affiliate with Raymond James was driven by several key factors. David R. Burgio Sr. and his team cited the firm's approach to client relationships, robust technology, and extensive resources as the primary reasons for the move. Raymond James offers independent advisors the flexibility to maintain control over their practices while also providing access to a full range of products and services, including asset management, wealth planning, marketing, and technology support [1].

The new advisors will benefit from Raymond James' comprehensive suite of resources, including integrated financial planning software, performance reporting, CRM, high-quality research, and an institutional-level trading system. This technology is designed to enhance the efficiency and effectiveness of their practices, allowing them to better serve their clients [1].

In addition to technology, Raymond James provides a range of support services tailored to the advisors' needs. These services include marketing and social media support, practice management, succession planning, transitions management, and wealth planning. The firm also offers professional development opportunities for branch professionals and sales assistants, ensuring that all members of the team have the resources needed to be effective [1].

The move to Raymond James follows a period of growth and success for the advisors. Prior to joining Raymond James, they managed approximately $315 million in client assets and specialized in serving high-net-worth clients. Their decision to affiliate with Raymond James reflects a strategic move to leverage the firm's resources and expertise to further enhance their practices and better serve their clients.

Overall, the addition of these four advisors to Raymond James Financial Services highlights the firm's commitment to supporting independent advisors and providing them with the tools and resources needed to succeed. As they integrate into the Raymond James network, these advisors will bring their expertise and client relationships to the firm, further strengthening its position in the financial services industry.

References:
[1] https://www.raymondjames.com/advisor-opportunities/affiliation-options/independent-advisor